Muneer A. Satter Purchases 60,000 Shares of Aerpio Pharmaceuticals Inc (ARPO) Stock

Aerpio Pharmaceuticals Inc (OTCMKTS:ARPO) Director Muneer A. Satter bought 60,000 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average price of $2.09 per share, with a total value of $125,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ARPO stock remained flat at $$2.10 during trading hours on Thursday. The stock had a trading volume of 69,125 shares, compared to its average volume of 50,099. Aerpio Pharmaceuticals Inc has a 12 month low of $1.75 and a 12 month high of $5.50.

Aerpio Pharmaceuticals (OTCMKTS:ARPO) last announced its earnings results on Wednesday, November 7th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.06). The firm had revenue of $18.82 million during the quarter, compared to the consensus estimate of $18.67 million.



A number of analysts have weighed in on the company. HC Wainwright set a $9.00 price target on Aerpio Pharmaceuticals and gave the company a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research cut Aerpio Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, Guggenheim assumed coverage on Aerpio Pharmaceuticals in a research report on Wednesday, September 19th. They issued a “buy” rating and a $10.00 price target on the stock.

Several hedge funds have recently made changes to their positions in the company. Sphera Funds Management LTD. grew its holdings in shares of Aerpio Pharmaceuticals by 2.6% during the third quarter. Sphera Funds Management LTD. now owns 1,131,819 shares of the company’s stock worth $3,497,000 after purchasing an additional 28,265 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Aerpio Pharmaceuticals during the second quarter worth $934,000. Nexthera Capital LP bought a new stake in shares of Aerpio Pharmaceuticals during the second quarter worth $1,240,000. FMR LLC bought a new stake in shares of Aerpio Pharmaceuticals during the second quarter worth $3,648,000. Finally, Vanguard Group Inc. bought a new stake in shares of Aerpio Pharmaceuticals during the third quarter worth $3,331,000. Institutional investors own 0.37% of the company’s stock.

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About Aerpio Pharmaceuticals

Aerpio Pharmaceuticals, Inc, a biopharmaceutical company, develops and commercializes proprietary therapeutics for treating ocular diseases. The company's lead product candidate is AKB-9778, a small molecule activator of the tie-2 pathway, which completed Phase 2a clinical trials for the treatment of diabetic macular edema.

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