Insider Selling: Theravance Biopharma (NASDAQ:TBPH) Major Shareholder Sells $428,712.51 in Stock

Theravance Biopharma, Inc. (NASDAQ:TBPHGet Free Report) major shareholder Eli Samaha sold 25,027 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $17.13, for a total transaction of $428,712.51. Following the sale, the insider owned 9,212,252 shares in the company, valued at approximately $157,805,876.76. This trade represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Eli Samaha also recently made the following trade(s):

  • On Wednesday, July 1st, Eli Samaha sold 37,799 shares of Theravance Biopharma stock. The stock was sold at an average price of $17.00, for a total transaction of $642,583.00.
  • On Monday, June 29th, Eli Samaha sold 273,871 shares of Theravance Biopharma stock. The shares were sold at an average price of $17.23, for a total value of $4,718,797.33.

Theravance Biopharma Price Performance

Shares of Theravance Biopharma stock opened at $16.93 on Friday. Theravance Biopharma, Inc. has a fifty-two week low of $10.82 and a fifty-two week high of $21.03. The firm has a market cap of $872.74 million, a PE ratio of 7.70 and a beta of 0.17. The business’s fifty day moving average is $16.58 and its two-hundred day moving average is $17.27.

Theravance Biopharma (NASDAQ:TBPHGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The biopharmaceutical company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $17.70 million for the quarter. Theravance Biopharma had a return on equity of 18.84% and a net margin of 104.34%. Equities research analysts anticipate that Theravance Biopharma, Inc. will post 1.54 EPS for the current year.

Institutional Investors Weigh In On Theravance Biopharma

Several large investors have recently made changes to their positions in TBPH. Quarry LP purchased a new position in shares of Theravance Biopharma in the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Theravance Biopharma by 107.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,725 shares of the biopharmaceutical company’s stock valued at $40,000 after acquiring an additional 1,411 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Theravance Biopharma by 26.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,462 shares of the biopharmaceutical company’s stock worth $46,000 after purchasing an additional 515 shares during the period. Tower Research Capital LLC TRC boosted its position in Theravance Biopharma by 18.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,013 shares of the biopharmaceutical company’s stock worth $55,000 after purchasing an additional 781 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in Theravance Biopharma by 20,269.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,685 shares of the biopharmaceutical company’s stock valued at $68,000 after purchasing an additional 4,662 shares in the last quarter. Institutional investors and hedge funds own 99.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TBPH. BTIG Research lowered Theravance Biopharma from a “buy” rating to a “neutral” rating in a research note on Monday. Zacks Research downgraded shares of Theravance Biopharma from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. B. Riley Financial increased their price objective on shares of Theravance Biopharma from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings cut shares of Theravance Biopharma from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded shares of Theravance Biopharma from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Theravance Biopharma presently has an average rating of “Hold” and an average price target of $21.40.

View Our Latest Stock Report on Theravance Biopharma

Theravance Biopharma Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Theravance Biopharma (NASDAQ:TBPH)

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