KalVista Pharmaceuticals (KALV) Issues Earnings Results, Misses Expectations By $0.05 EPS

KalVista Pharmaceuticals (NASDAQ:KALV) announced its quarterly earnings data on Thursday. The specialty pharmaceutical company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.45) by ($0.05), Bloomberg Earnings reports. KalVista Pharmaceuticals had a negative net margin of 1,379.58% and a negative return on equity of 70.26%. The firm had revenue of $1.13 million during the quarter.

KalVista Pharmaceuticals (NASDAQ:KALV) opened at $9.51 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.88 and a quick ratio of 7.88. KalVista Pharmaceuticals has a twelve month low of $5.48 and a twelve month high of $15.80.

In related news, Director Rajeev M. Shah bought 850,000 shares of KalVista Pharmaceuticals stock in a transaction on Thursday, October 12th. The stock was acquired at an average price of $8.50 per share, with a total value of $7,225,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Holdings A/S Novo sold 2,725,283 shares of KalVista Pharmaceuticals stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $9.64, for a total value of $26,271,728.12. The disclosure for this sale can be found here. 49.10% of the stock is owned by insiders.

Separately, BTIG Research began coverage on KalVista Pharmaceuticals in a research note on Thursday, August 31st. They issued a “buy” rating and a $18.00 price objective on the stock.

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KalVista Pharmaceuticals Company Profile

KalVista Pharmaceuticals, Inc, formerly Carbylan Therapeutics, Inc, is a clinical-stage pharmaceutical company. The Company is focused on the discovery, development, and commercialization of small molecule protease inhibitors for a range of diseases. The Company has developed a portfolio of small molecule plasma kallikrein inhibitors targeting hereditary angioedema (HAE) and diabetic macular edema (DME).

Earnings History for KalVista Pharmaceuticals (NASDAQ:KALV)

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