Thomas B. Neff Sells 39,636 Shares of FibroGen (FGEN) Stock

FibroGen (NASDAQ:FGEN) CEO Thomas B. Neff sold 39,636 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $53.14, for a total transaction of $2,106,257.04. Following the completion of the sale, the chief executive officer now directly owns 2,907,425 shares of the company’s stock, valued at $154,500,564.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NASDAQ FGEN traded down $1.20 during trading hours on Monday, reaching $45.00. The company had a trading volume of 607,252 shares, compared to its average volume of 615,564. The stock has a market capitalization of $3,819.21, a P/E ratio of -26.01 and a beta of 1.89. FibroGen has a 1-year low of $22.75 and a 1-year high of $63.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 9.70 and a quick ratio of 9.70.

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FibroGen (NASDAQ:FGEN) last issued its earnings results on Tuesday, February 27th. The biopharmaceutical company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.01. The firm had revenue of $42.51 million for the quarter, compared to analysts’ expectations of $45.37 million. FibroGen had a negative net margin of 100.43% and a negative return on equity of 32.08%. analysts anticipate that FibroGen will post -1.35 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its position in shares of FibroGen by 2,097.2% during the fourth quarter. Bank of Montreal Can now owns 3,186 shares of the biopharmaceutical company’s stock worth $151,000 after acquiring an additional 3,041 shares during the last quarter. Fortaleza Asset Management Inc. grew its position in FibroGen by 95.0% in the 4th quarter. Fortaleza Asset Management Inc. now owns 3,490 shares of the biopharmaceutical company’s stock valued at $165,000 after buying an additional 1,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in FibroGen by 41.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,883 shares of the biopharmaceutical company’s stock valued at $184,000 after buying an additional 1,147 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in FibroGen by 112.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,410 shares of the biopharmaceutical company’s stock valued at $237,000 after buying an additional 2,336 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new position in FibroGen in the 4th quarter valued at $255,000. Institutional investors and hedge funds own 61.39% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Mizuho restated a “hold” rating and issued a $61.00 target price on shares of FibroGen in a report on Thursday. Zacks Investment Research downgraded shares of FibroGen from a “hold” rating to a “sell” rating in a research report on Monday, March 5th. ValuEngine downgraded shares of FibroGen from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. TheStreet upgraded shares of FibroGen from a “d” rating to a “c-” rating in a research note on Tuesday, February 27th. Finally, Leerink Swann restated an “outperform” rating and set a $88.00 price objective (up from $80.00) on shares of FibroGen in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.67.

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FibroGen Company Profile

FibroGen, Inc, a research-based biopharmaceutical company, discovers, develops, and commercializes therapeutic agents to treat serious unmet medical needs. It is developing Roxadustat, an oral small molecule inhibitor of hypoxia inducible factor prolyl hydroxylases (HIF-PHs) that is in Phase III clinical development for the treatment of anemia in chronic kidney disease; Pamrevlumab, a human-monoclonal antibody that inhibits the activity of connective tissue growth factor, which is in Phase II clinical development for the treatment of idiopathic pulmonary fibrosis, pancreatic cancer, liver fibrosis, and Duchenne muscular dystrophy; and FG-5200, a corneal implant medical device for the treatment of corneal blindness resulting from partial thickness corneal damage.

Insider Buying and Selling by Quarter for FibroGen (NASDAQ:FGEN)

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