AveXis, Inc. (NASDAQ:AVXS) VP Sukumar Nagendran sold 1,780 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $94.77, for a total value of $168,690.60. Following the sale, the vice president now owns 1,780 shares in the company, valued at approximately $168,690.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Sukumar Nagendran also recently made the following trade(s):
- On Wednesday, November 1st, Sukumar Nagendran sold 1,780 shares of AveXis stock. The stock was sold at an average price of $101.26, for a total value of $180,242.80.
- On Monday, October 2nd, Sukumar Nagendran sold 1,780 shares of AveXis stock. The stock was sold at an average price of $97.25, for a total value of $173,105.00.
AveXis, Inc. (AVXS) opened at $98.70 on Friday. AveXis, Inc. has a 1-year low of $44.68 and a 1-year high of $108.27.
AveXis (NASDAQ:AVXS) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($1.52) EPS for the quarter, missing analysts’ consensus estimates of ($1.48) by ($0.04). During the same quarter in the previous year, the business earned ($0.87) earnings per share. equities research analysts forecast that AveXis, Inc. will post -6.23 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio acquired a new position in AveXis in the 3rd quarter valued at $116,000. Botty Investors LLC acquired a new position in AveXis in the 2nd quarter valued at $123,000. Ameritas Investment Partners Inc. grew its holdings in AveXis by 331.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,112 shares of the company’s stock valued at $174,000 after buying an additional 1,622 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in AveXis by 688.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 1,806 shares of the company’s stock valued at $175,000 after buying an additional 1,577 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in AveXis in the 3rd quarter valued at $200,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on AVXS. ValuEngine cut AveXis from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Bank of America decreased their target price on AveXis from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Royal Bank Of Canada boosted their target price on AveXis from $92.00 to $97.00 and gave the stock a “sector perform” rating in a report on Friday, November 10th. Chardan Capital reissued a “buy” rating on shares of AveXis in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered AveXis from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $110.67.
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AveXis Company Profile
AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.
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