Palvella Therapeutics, Inc. (NASDAQ:PVLA – Get Free Report) Director George Jenkins sold 13,152 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $133.69, for a total value of $1,758,290.88. Following the sale, the director owned 146,964 shares in the company, valued at $19,647,617.16. The trade was a 8.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Palvella Therapeutics Price Performance
Shares of Palvella Therapeutics stock traded down $5.93 during trading on Wednesday, hitting $122.58. 382,261 shares of the stock traded hands, compared to its average volume of 237,043. Palvella Therapeutics, Inc. has a 52 week low of $68.96 and a 52 week high of $161.38. The firm’s fifty day moving average is $146.74 and its 200-day moving average is $134.32.
Palvella Therapeutics (NASDAQ:PVLA – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($1.52) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.35). Sell-side analysts forecast that Palvella Therapeutics, Inc. will post -6.40 EPS for the current fiscal year.
Analyst Ratings Changes
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Institutional Investors Weigh In On Palvella Therapeutics
A number of large investors have recently made changes to their positions in PVLA. BlackRock Inc. purchased a new stake in Palvella Therapeutics in the second quarter worth $140,343,000. First Light Asset Management LLC boosted its position in Palvella Therapeutics by 38.3% during the 1st quarter. First Light Asset Management LLC now owns 980,758 shares of the company’s stock valued at $122,251,000 after acquiring an additional 271,617 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Palvella Therapeutics by 65.3% during the 1st quarter. Jennison Associates LLC now owns 640,611 shares of the company’s stock worth $79,852,000 after acquiring an additional 253,128 shares during the period. Summit Partners Public Asset Management LLC raised its position in shares of Palvella Therapeutics by 1,016.0% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 389,420 shares of the company’s stock worth $40,761,000 after acquiring an additional 354,525 shares in the last quarter. Finally, Primecap Management Co. CA bought a new stake in shares of Palvella Therapeutics during the second quarter valued at approximately $39,150,000. 40.11% of the stock is currently owned by institutional investors.
Palvella Therapeutics Company Profile
Palvella Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on developing therapies for patients with rare and serious diseases. The company’s work centers on localized treatments intended to address conditions for which existing therapeutic options are limited.
Palvella’s lead investigational product is QTORIN 3.9%, a topical formulation of sirolimus designed to deliver the medicine directly to affected areas of the skin. The product is being developed for microcystic lymphatic malformations, rare vascular anomalies that can cause swelling, pain and disfigurement.
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