Insider Selling: Protagonist Therapeutics, Inc. (PTGX) Insider Sells $118,790.00 in Stock

Protagonist Therapeutics, Inc. (NASDAQ:PTGX) insider David Y. Liu sold 7,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $16.97, for a total transaction of $118,790.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Protagonist Therapeutics, Inc. (NASDAQ:PTGX) traded up $1.13 on Friday, hitting $17.40. 97,752 shares of the stock traded hands, compared to its average volume of 84,310. Protagonist Therapeutics, Inc. has a 52 week low of $8.00 and a 52 week high of $26.36.

Protagonist Therapeutics (NASDAQ:PTGX) last issued its quarterly earnings data on Monday, November 6th. The company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.40. The company had revenue of $8.78 million for the quarter. sell-side analysts expect that Protagonist Therapeutics, Inc. will post -3.66 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of PTGX. Rhumbline Advisers bought a new stake in shares of Protagonist Therapeutics during the second quarter valued at about $114,000. Wells Fargo & Company MN raised its stake in shares of Protagonist Therapeutics by 60.8% during the third quarter. Wells Fargo & Company MN now owns 9,565 shares of the company’s stock valued at $169,000 after purchasing an additional 3,617 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Protagonist Therapeutics by 71.4% during the second quarter. Teachers Advisors LLC now owns 16,218 shares of the company’s stock valued at $183,000 after purchasing an additional 6,757 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Protagonist Therapeutics by 8.5% during the second quarter. California State Teachers Retirement System now owns 16,600 shares of the company’s stock valued at $188,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Northern Capital Management LLC bought a new stake in shares of Protagonist Therapeutics during the second quarter valued at about $188,000. Institutional investors and hedge funds own 39.73% of the company’s stock.

Several brokerages have recently issued reports on PTGX. Zacks Investment Research raised shares of Protagonist Therapeutics from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Friday, August 18th. BMO Capital Markets boosted their price target on shares of Protagonist Therapeutics from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. ValuEngine downgraded shares of Protagonist Therapeutics from a “hold” rating to a “sell” rating in a report on Monday, September 11th. Finally, BTIG Research began coverage on shares of Protagonist Therapeutics in a report on Friday, July 21st. They set a “buy” rating and a $36.00 price target for the company.

About Protagonist Therapeutics

Protagonist Therapeutics, Inc is a clinical-stage biopharmaceutical company with a peptide technology platform focused on discovering and developing new chemical entities (NECs) to address significant unmet medical needs. The Company’s product pipeline includes PTG-100, PTG-200 and PTG-300. Its primary focus is on developing oral peptide drugs that target biological pathways also targeted by marketed injectable antibody drugs.

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