Acceleron Pharma Inc (NASDAQ:XLRN) SVP Christopher Rovaldi sold 2,266 shares of Acceleron Pharma stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $42.42, for a total value of $96,123.72. Following the completion of the sale, the senior vice president now owns 52,977 shares in the company, valued at $2,247,284.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Acceleron Pharma Inc (NASDAQ XLRN) opened at $42.11 on Friday. Acceleron Pharma Inc has a 1 year low of $23.07 and a 1 year high of $44.80. The firm has a market capitalization of $1,850.00, a P/E ratio of -16.32 and a beta of 1.59.
Acceleron Pharma (NASDAQ:XLRN) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.65) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.67) by $0.02. Acceleron Pharma had a negative return on equity of 40.70% and a negative net margin of 759.34%. The company had revenue of $3.00 million for the quarter, compared to analyst estimates of $3.52 million. During the same period in the previous year, the company posted ($0.55) earnings per share. The firm’s revenue was up .0% on a year-over-year basis. equities analysts forecast that Acceleron Pharma Inc will post -2.65 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new position in Acceleron Pharma during the third quarter valued at $1,496,000. Iguana Healthcare Management LLC purchased a new position in Acceleron Pharma during the third quarter valued at $2,612,000. Point72 Asset Management L.P. purchased a new position in Acceleron Pharma during the third quarter valued at $2,721,000. Granahan Investment Management Inc. MA raised its stake in Acceleron Pharma by 15.2% during the third quarter. Granahan Investment Management Inc. MA now owns 217,091 shares of the biopharmaceutical company’s stock valued at $8,102,000 after buying an additional 28,694 shares during the last quarter. Finally, Perceptive Advisors LLC raised its stake in Acceleron Pharma by 127.2% during the third quarter. Perceptive Advisors LLC now owns 1,616,259 shares of the biopharmaceutical company’s stock valued at $60,319,000 after buying an additional 905,000 shares during the last quarter. Institutional investors own 85.70% of the company’s stock.
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About Acceleron Pharma
Acceleron Pharma Inc is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapeutics to treat serious and rare diseases. Its research focuses on key natural regulators of cellular growth and repair, particularly the Transforming Growth Factor-Beta (TGF-beta), protein superfamily.
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