Insider Selling: Denali Therapeutics Inc (DNLI) COO Sells 7,500 Shares of Stock

Denali Therapeutics Inc (NASDAQ:DNLI) COO Alexander O. Schuth sold 7,500 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $22.05, for a total value of $165,375.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of DNLI opened at $20.81 on Tuesday. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -53.36 and a beta of 2.03. Denali Therapeutics Inc has a 12 month low of $12.32 and a 12 month high of $28.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 14.67 and a current ratio of 11.55.

Denali Therapeutics (NASDAQ:DNLI) last announced its earnings results on Wednesday, May 8th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.01). The company had revenue of $4.21 million for the quarter, compared to analyst estimates of $12.88 million. Denali Therapeutics had a negative return on equity of 10.23% and a negative net margin of 38.84%. On average, equities research analysts forecast that Denali Therapeutics Inc will post -1.49 EPS for the current year.



Several brokerages have commented on DNLI. Zacks Investment Research raised Denali Therapeutics from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, March 27th. ValuEngine raised Denali Therapeutics from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 30th.

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Denali Therapeutics by 207.3% in the third quarter. JPMorgan Chase & Co. now owns 10,554 shares of the company’s stock valued at $229,000 after buying an additional 7,120 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Denali Therapeutics by 232.9% in the third quarter. Bank of New York Mellon Corp now owns 203,696 shares of the company’s stock valued at $4,428,000 after buying an additional 142,500 shares during the last quarter. Credit Suisse AG lifted its stake in Denali Therapeutics by 117.0% in the third quarter. Credit Suisse AG now owns 25,894 shares of the company’s stock valued at $564,000 after buying an additional 13,960 shares during the last quarter. Jane Street Group LLC bought a new stake in Denali Therapeutics in the third quarter valued at $218,000. Finally, Man Group plc bought a new stake in Denali Therapeutics in the third quarter valued at $228,000. 71.33% of the stock is currently owned by hedge funds and other institutional investors.

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Denali Therapeutics Company Profile

Denali Therapeutics Inc, a biopharmaceutical company, discovers and develops therapeutic candidates for neurodegenerative diseases in the United States. The company offers leucine-rich repeat kinase 2 (LRRK2) inhibitor product candidates, including DNL201 and DNL151, which are in Phase 1 clinical trials for Parkinson's disease.

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Insider Buying and Selling by Quarter for Denali Therapeutics (NASDAQ:DNLI)

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