Vaxcyte (NASDAQ:PCVX) CAO Sells $182,760.00 in Stock

Vaxcyte, Inc. (NASDAQ:PCVX – Get Free Report) CAO Elvia Cowan sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $60.92, for a total value of $182,760.00. Following the completion of the transaction, the chief accounting officer owned 27,860 shares in the company, valued at $1,697,231.20. This represents a 9.72% 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.

Elvia Cowan also recently made the following trade(s):

  • On Monday, October 5th, Elvia Cowan sold 19,000 shares of Vaxcyte stock. The shares were sold at an average price of $86.74, for a total transaction of $1,648,060.00.

Vaxcyte Price Performance

Shares of NASDAQ PCVX opened at $63.89 on Friday. The business has a 50-day simple moving average of $61.71 and a two-hundred day simple moving average of $57.32. Vaxcyte, Inc. has a fifty-two week low of $40.14 and a fifty-two week high of $90.75.

Vaxcyte (NASDAQ:PCVX – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported ($1.99) earnings per share for the quarter, beating the consensus estimate of ($2.11) by $0.12. During the same period in the previous year, the company earned ($1.56) earnings per share. As a group, equities research analysts forecast that Vaxcyte, Inc. will post -7.47 earnings per share for the current fiscal year.

Institutional Trading of Vaxcyte

A number of hedge funds and other institutional investors have recently modified their holdings of PCVX. Allworth Financial LP increased its holdings in Vaxcyte by 18.4% during the third quarter. Allworth Financial LP now owns 1,521 shares of the company’s stock worth $88,000 after buying an additional 236 shares during the last quarter. New York Life Investment Management LLC increased its stake in shares of Vaxcyte by 19.7% in the 3rd quarter. New York Life Investment Management LLC now owns 21,011 shares of the company’s stock valued at $1,196,000 after purchasing an additional 3,451 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Vaxcyte by 6.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,808 shares of the company’s stock worth $438,000 after acquiring an additional 444 shares during the last quarter. Candriam S.C.A. increased its holdings in shares of Vaxcyte by 115.0% in the third quarter. Candriam S.C.A. now owns 447,260 shares of the company’s stock valued at $25,542,000 after purchasing an additional 239,206 shares during the period. Finally, Covestor Ltd grew its position in shares of Vaxcyte by 31.1% in the third quarter. Covestor Ltd now owns 939 shares of the company’s stock valued at $53,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 96.78% of the company’s stock.

Analyst Ratings Changes

PCVX has been the topic of several recent analyst reports. Needham & Company LLC raised their target price on shares of Vaxcyte from $110.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Bank of America dropped their price target on Vaxcyte from $133.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Wall Street Zen raised shares of Vaxcyte from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vaxcyte in a report on Friday, October 2nd. Finally, Guggenheim upped their price target on shares of Vaxcyte from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, October 5th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.50.

Read Our Latest Research Report on PCVX

Vaxcyte Company Profile

(Get Free Report)

Vaxcyte, Inc (NASDAQ: PCVX) is a clinical-stage biotechnology company focused on developing vaccines designed to protect against serious bacterial diseases. The company is headquartered in San Carlos, California, and uses its proprietary cell-free protein synthesis and conjugation technologies to develop vaccine candidates intended to provide broad and durable immune protection.

Vaxcyte’s lead programs target pneumococcal disease, an infection caused by Streptococcus pneumoniae.

Further Reading

Insider Buying and Selling by Quarter for Vaxcyte (NASDAQ:PCVX)

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