Sionna Therapeutics, Inc. (NASDAQ:SION – Get Free Report) Director Ra Capital Management, L.P. sold 3,448,811 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $6.33, for a total value of $21,830,973.63. Following the transaction, the director directly owned 3,448,812 shares in the company, valued at approximately $21,830,979.96. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Sionna Therapeutics Price Performance
NASDAQ SION opened at $5.51 on Thursday. The company has a market cap of $249.12 million, a P/E ratio of -2.53 and a beta of 0.89. The stock has a 50-day moving average of $20.24 and a two-hundred day moving average of $32.93. Sionna Therapeutics, Inc. has a 1-year low of $4.01 and a 1-year high of $54.97.
Sionna Therapeutics (NASDAQ:SION – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($0.02). On average, analysts anticipate that Sionna Therapeutics, Inc. will post -2.54 EPS for the current fiscal year.
Analyst Ratings Changes
Get Our Latest Stock Report on Sionna Therapeutics
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of Sionna Therapeutics during the 2nd quarter worth $35,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Sionna Therapeutics in the second quarter valued at $44,000. Quantbot Technologies LP acquired a new stake in Sionna Therapeutics in the second quarter valued at $80,000. Strs Ohio acquired a new stake in Sionna Therapeutics in the first quarter valued at $116,000. Finally, AlphaCentric Advisors LLC lifted its holdings in Sionna Therapeutics by 77.1% during the 1st quarter. AlphaCentric Advisors LLC now owns 4,818 shares of the company’s stock worth $193,000 after buying an additional 2,098 shares during the last quarter.
Sionna Therapeutics Company Profile
Sionna Therapeutics is a clinical-stage biopharmaceutical company focused on developing treatments for cystic fibrosis (CF), a genetic disease that affects the lungs and other organs. The company is developing small-molecule therapies designed to address defects in the cystic fibrosis transmembrane conductance regulator (CFTR) protein, which is responsible for transporting salt and fluids across cell membranes.
Sionna’s research is centered on nucleotide-binding domain 1 (NBD1) correctors.
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