Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) Director Steven C. Gilman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $33.23, for a total transaction of $332,300.00. Following the completion of the sale, the director now directly owns 17,796 shares of the company’s stock, valued at approximately $591,361.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MNTA stock opened at $30.00 on Friday. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of -10.71 and a beta of 1.51. Momenta Pharmaceuticals, Inc. has a 1 year low of $9.92 and a 1 year high of $39.88. The stock’s fifty day moving average is $34.21 and its two-hundred day moving average is $30.40.
Momenta Pharmaceuticals (NASDAQ:MNTA) last posted its earnings results on Thursday, May 7th. The biotechnology company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.14. The company had revenue of $8.89 million for the quarter, compared to analysts’ expectations of $4.08 million. Momenta Pharmaceuticals had a negative return on equity of 80.37% and a negative net margin of 994.16%. Analysts predict that Momenta Pharmaceuticals, Inc. will post -1.61 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Candriam Luxembourg S.C.A. bought a new stake in Momenta Pharmaceuticals in the second quarter valued at $13,542,000. Oregon Public Employees Retirement Fund lifted its stake in Momenta Pharmaceuticals by 20.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 47,954 shares of the biotechnology company’s stock valued at $1,595,000 after buying an additional 8,200 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Momenta Pharmaceuticals by 44.3% during the second quarter. New York State Teachers Retirement System now owns 178,389 shares of the biotechnology company’s stock valued at $5,935,000 after purchasing an additional 54,779 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Momenta Pharmaceuticals during the second quarter valued at $899,000. Finally, Handelsinvest Investeringsforvaltning acquired a new position in shares of Momenta Pharmaceuticals during the second quarter valued at $998,000. Institutional investors own 96.92% of the company’s stock.
Momenta Pharmaceuticals Company Profile
Momenta Pharmaceuticals, Inc, a biotechnology company, focuses on the discovery and development of novel biologic therapies for the treatment of rare immune-mediated diseases in the United States. Its novel therapeutic programs include M281, a fully-human anti-neonatal Fc receptor (FcRn), aglycosylated immunoglobulin G (IgG1), and monoclonal antibody to reduce circulating IgG antibodies by blocking endogenous IgG recycling via FcRn; M230, a recombinant trivalent human IgG1 Fc multimer containing three IgG Fc regions joined to maximize activity; and M254, a hyper-sialylated immunoglobulin to treat various inflammatory diseases, including idiopathic thrombocytopenic purpura and chronic inflammatory demyelinating polyneuropathy.
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