Theravance Biopharma, Inc. (NASDAQ:TBPH – Get Free Report) major shareholder Eli Samaha sold 37,799 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $17.00, for a total value of $642,583.00. Following the transaction, the insider directly owned 9,174,453 shares of the company’s stock, valued at approximately $155,965,701. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Eli Samaha also recently made the following trade(s):
- On Tuesday, June 30th, Eli Samaha sold 25,027 shares of Theravance Biopharma stock. The stock was sold at an average price of $17.13, for a total value of $428,712.51.
- On Monday, June 29th, Eli Samaha sold 273,871 shares of Theravance Biopharma stock. The stock was sold at an average price of $17.23, for a total value of $4,718,797.33.
Theravance Biopharma Trading Down 0.1%
NASDAQ TBPH traded down $0.02 during trading hours on Wednesday, reaching $16.98. The company had a trading volume of 1,319,960 shares, compared to its average volume of 689,283. The stock has a market capitalization of $875.32 million, a P/E ratio of 7.72 and a beta of 0.17. The stock has a 50-day moving average of $16.56 and a 200 day moving average of $17.29. Theravance Biopharma, Inc. has a 1-year low of $10.82 and a 1-year high of $21.03.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new position in Theravance Biopharma during the third quarter worth approximately $10,611,000. Pacer Advisors Inc. purchased a new stake in Theravance Biopharma in the 4th quarter valued at $6,342,000. Janus Henderson Group PLC boosted its stake in Theravance Biopharma by 214.8% during the 4th quarter. Janus Henderson Group PLC now owns 400,496 shares of the biopharmaceutical company’s stock worth $7,493,000 after purchasing an additional 273,288 shares during the period. Two Sigma Investments LP boosted its stake in Theravance Biopharma by 1,199.9% during the 3rd quarter. Two Sigma Investments LP now owns 231,272 shares of the biopharmaceutical company’s stock worth $3,377,000 after purchasing an additional 213,480 shares during the period. Finally, HRT Financial LP grew its position in Theravance Biopharma by 892.8% during the 4th quarter. HRT Financial LP now owns 232,852 shares of the biopharmaceutical company’s stock worth $4,356,000 after purchasing an additional 209,397 shares during the last quarter. Hedge funds and other institutional investors own 99.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on TBPH. Zacks Research lowered shares of Theravance Biopharma from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Oppenheimer downgraded shares of Theravance Biopharma from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 5th. JonesTrading lowered shares of Theravance Biopharma from a “buy” rating to a “hold” rating in a report on Monday. Wall Street Zen cut shares of Theravance Biopharma from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, BTIG Research downgraded shares of Theravance Biopharma from a “buy” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Theravance Biopharma presently has an average rating of “Hold” and a consensus target price of $21.40.
Read Our Latest Analysis on TBPH
About Theravance Biopharma
Theravance Biopharma is a biopharmaceutical company focused on the discovery, development and commercialization of innovative medicines, primarily in the areas of respiratory disease, inflammatory and immunology, and rare disorders. The company develops small-molecule therapies designed to address unmet medical needs by targeting specific molecular pathways. Its lead marketed product, YUPELRI® (revefenacin) inhalation solution, is the first and only once-daily, long-acting muscarinic antagonist (LAMA) approved by the U.S.
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