Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) insider Anthony M. Manning sold 6,365 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $13.83, for a total value of $88,027.95. Following the sale, the insider now owns 20,603 shares in the company, valued at approximately $284,939.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NASDAQ:MNTA opened at $14.58 on Wednesday. The company has a market cap of $1.41 billion, a P/E ratio of -7.18 and a beta of 2.03. The stock’s fifty day moving average price is $13.42 and its two-hundred day moving average price is $12.72. Momenta Pharmaceuticals, Inc. has a 1 year low of $9.51 and a 1 year high of $16.11.
Momenta Pharmaceuticals (NASDAQ:MNTA) last posted its earnings results on Friday, August 2nd. The biotechnology company reported ($1.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.74). The company had revenue of $5.18 million for the quarter, compared to analysts’ expectations of $9.20 million. Momenta Pharmaceuticals had a negative return on equity of 55.24% and a negative net margin of 324.41%. The company’s revenue was down 60.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.91) EPS. Equities analysts forecast that Momenta Pharmaceuticals, Inc. will post -2.52 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Peregrine Capital Management LLC increased its holdings in shares of Momenta Pharmaceuticals by 3.4% in the third quarter. Peregrine Capital Management LLC now owns 832,627 shares of the biotechnology company’s stock worth $10,791,000 after purchasing an additional 27,377 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Momenta Pharmaceuticals by 126.2% in the third quarter. State of Alaska Department of Revenue now owns 75,827 shares of the biotechnology company’s stock worth $982,000 after purchasing an additional 42,300 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Momenta Pharmaceuticals by 54.6% in the second quarter. Macquarie Group Ltd. now owns 218,717 shares of the biotechnology company’s stock worth $2,723,000 after purchasing an additional 77,216 shares during the period. Atria Investments LLC bought a new position in shares of Momenta Pharmaceuticals in the second quarter worth $1,518,000. Finally, International Biotechnology Trust PLC increased its holdings in shares of Momenta Pharmaceuticals by 46.6% in the second quarter. International Biotechnology Trust PLC now owns 80,000 shares of the biotechnology company’s stock worth $997,000 after purchasing an additional 25,420 shares during the period. 96.29% of the stock is currently owned by hedge funds and other institutional investors.
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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