Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) Director Bruce Downey sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $14.51, for a total transaction of $188,630.00. Following the sale, the director now directly owns 41,234 shares in the company, valued at $598,305.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Momenta Pharmaceuticals stock traded down $0.56 during trading hours on Friday, hitting $13.85. The company had a trading volume of 419,530 shares, compared to its average volume of 654,181. Momenta Pharmaceuticals, Inc. has a twelve month low of $9.55 and a twelve month high of $32.20. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -6.82 and a beta of 2.23.
Momenta Pharmaceuticals (NASDAQ:MNTA) last issued its earnings results on Friday, February 22nd. The biotechnology company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.46) by $0.39. Momenta Pharmaceuticals had a negative net margin of 232.92% and a negative return on equity of 47.74%. The business had revenue of $42.80 million during the quarter, compared to analysts’ expectations of $17.11 million. During the same quarter in the prior year, the business posted $0.18 EPS. The company’s revenue for the quarter was down 33.7% on a year-over-year basis. Analysts expect that Momenta Pharmaceuticals, Inc. will post -1.72 earnings per share for the current year.
Several institutional investors have recently modified their holdings of MNTA. Wells Fargo & Company MN boosted its stake in Momenta Pharmaceuticals by 3.8% during the 3rd quarter. Wells Fargo & Company MN now owns 236,651 shares of the biotechnology company’s stock worth $6,224,000 after purchasing an additional 8,710 shares during the period. Bank of New York Mellon Corp boosted its stake in Momenta Pharmaceuticals by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 894,031 shares of the biotechnology company’s stock worth $23,513,000 after purchasing an additional 27,708 shares during the period. BlackRock Inc. boosted its stake in Momenta Pharmaceuticals by 3.4% during the 3rd quarter. BlackRock Inc. now owns 12,080,344 shares of the biotechnology company’s stock worth $317,713,000 after purchasing an additional 399,232 shares during the period. FMR LLC boosted its stake in Momenta Pharmaceuticals by 1.0% during the 3rd quarter. FMR LLC now owns 11,747,215 shares of the biotechnology company’s stock worth $308,951,000 after purchasing an additional 113,380 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Momenta Pharmaceuticals during the 3rd quarter worth $483,000. Institutional investors and hedge funds own 96.88% of the company’s stock.
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Momenta Pharmaceuticals Company Profile
Momenta Pharmaceuticals, Inc, a biotechnology company, focuses on the discovery and development of novel biologic therapies for the treatment of rare immune-mediated diseases in the United States. Its novel therapeutic programs include M281, a fully-human anti-neonatal Fc receptor (FcRn), aglycosylated immunoglobulin G (IgG1), and monoclonal antibody to reduce circulating IgG antibodies by blocking endogenous IgG recycling via FcRn; M230, a recombinant trivalent human IgG1 Fc multimer containing three IgG Fc regions joined to maximize activity; and M254, a hyper-sialylated immunoglobulin to treat various inflammatory diseases, including idiopathic thrombocytopenic purpura and chronic inflammatory demyelinating polyneuropathy.
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