Momenta Pharmaceuticals, Inc. (MNTA) CEO Sells $823,346.00 in Stock

Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) CEO Craig A. Wheeler sold 43,334 shares of Momenta Pharmaceuticals stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $19.00, for a total value of $823,346.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

NASDAQ:MNTA traded up $0.20 on Thursday, reaching $19.70. The company’s stock had a trading volume of 934,798 shares, compared to its average volume of 901,872. Momenta Pharmaceuticals, Inc. has a 12-month low of $11.85 and a 12-month high of $20.25. The company has a market capitalization of $1,448.78, a P/E ratio of -16.42 and a beta of 1.64.

Momenta Pharmaceuticals (NASDAQ:MNTA) last posted its earnings results on Wednesday, February 21st. The biotechnology company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.12. Momenta Pharmaceuticals had a negative return on equity of 23.62% and a negative net margin of 63.43%. The company had revenue of $64.60 million for the quarter, compared to the consensus estimate of $66.59 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was up 88.9% on a year-over-year basis. equities analysts expect that Momenta Pharmaceuticals, Inc. will post -1.27 EPS for the current year.



Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Momenta Pharmaceuticals by 0.8% in the fourth quarter. BlackRock Inc. now owns 10,473,316 shares of the biotechnology company’s stock valued at $146,105,000 after buying an additional 82,691 shares in the last quarter. Palo Alto Investors LLC grew its stake in shares of Momenta Pharmaceuticals by 1.5% in the fourth quarter. Palo Alto Investors LLC now owns 1,821,576 shares of the biotechnology company’s stock valued at $25,411,000 after buying an additional 26,578 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Momenta Pharmaceuticals by 9.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,583,000 shares of the biotechnology company’s stock valued at $22,083,000 after buying an additional 134,500 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Momenta Pharmaceuticals by 243.6% in the fourth quarter. Tocqueville Asset Management L.P. now owns 963,784 shares of the biotechnology company’s stock valued at $13,445,000 after buying an additional 683,296 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Momenta Pharmaceuticals by 6.7% in the third quarter. Bank of New York Mellon Corp now owns 897,784 shares of the biotechnology company’s stock valued at $16,609,000 after buying an additional 56,748 shares in the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. Stifel Nicolaus upgraded Momenta Pharmaceuticals from a “hold” rating to a “buy” rating and lifted their target price for the company from $18.00 to $21.00 in a research report on Thursday, February 22nd. BidaskClub upgraded Momenta Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. ValuEngine upgraded Momenta Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. Finally, Zacks Investment Research upgraded Momenta Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.33.

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About Momenta Pharmaceuticals

Momenta Pharmaceuticals, Inc, a biotechnology company, focuses on developing generic versions of complex drugs, biosimilars, and novel therapeutics for autoimmune diseases in the United States. The company's complex generics programs include Enoxaparin sodium injection, a generic version of Lovenox that is indicated for the prevention and treatment of deep vein thrombosis, as well as supports the treatment of acute coronary syndromes; GLATOPA, a generic version of once-daily COPAXONE for the treatment of patients with relapsing-remitting multiple sclerosis; and GLATOPA, a generic product candidate for three-times-weekly COPAXONE.

Insider Buying and Selling by Quarter for Momenta Pharmaceuticals (NASDAQ:MNTA)

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