Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) COO Bruce D. Given sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 1st. The shares were sold at an average price of $3.69, for a total value of $73,800.00. Following the completion of the sale, the chief operating officer now directly owns 948,356 shares of the company’s stock, valued at $3,499,433.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Arrowhead Pharmaceuticals Inc (NASDAQ ARWR) traded up $0.92 during midday trading on Thursday, reaching $4.64. The company’s stock had a trading volume of 5,874,600 shares, compared to its average volume of 3,326,450. The firm has a market cap of $367.78, a PE ratio of -9.87 and a beta of 1.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.63 and a quick ratio of 3.63. Arrowhead Pharmaceuticals Inc has a 52-week low of $1.42 and a 52-week high of $4.88.
Several analysts recently weighed in on ARWR shares. William Blair raised Arrowhead Pharmaceuticals from a “market perform” rating to an “outperform” rating in a report on Monday, September 18th. Piper Jaffray Companies raised Arrowhead Pharmaceuticals from a “neutral” rating to an “overweight” rating and set a $5.50 price target for the company in a report on Monday, November 27th. Cantor Fitzgerald reissued a “hold” rating and set a $2.00 price target (up from $1.00) on shares of Arrowhead Pharmaceuticals in a report on Friday, September 15th. Chardan Capital reissued a “neutral” rating on shares of Arrowhead Pharmaceuticals in a report on Wednesday, September 13th. Finally, ValuEngine raised Arrowhead Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.17.
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Arrowhead Pharmaceuticals Company Profile
Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.
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