Dawn Parsell Otto Sells 15,500 Shares of Tricida Inc (TCDA) Stock

Tricida Inc (NASDAQ:TCDA) SVP Dawn Parsell Otto sold 15,500 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $30.74, for a total value of $476,470.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dawn Parsell Otto also recently made the following trade(s):

  • On Monday, March 18th, Dawn Parsell Otto sold 2,500 shares of Tricida stock. The stock was sold at an average price of $25.02, for a total value of $62,550.00.
  • On Wednesday, March 13th, Dawn Parsell Otto sold 2,000 shares of Tricida stock. The stock was sold at an average price of $25.00, for a total value of $50,000.00.
  • On Monday, January 7th, Dawn Parsell Otto sold 665 shares of Tricida stock. The stock was sold at an average price of $23.27, for a total value of $15,474.55.

NASDAQ TCDA opened at $31.16 on Friday. The company has a current ratio of 16.50, a quick ratio of 16.51 and a debt-to-equity ratio of 0.20. Tricida Inc has a 1 year low of $19.43 and a 1 year high of $40.83.

Tricida (NASDAQ:TCDA) last posted its earnings results on Thursday, March 28th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.89) by $0.23. On average, equities analysts predict that Tricida Inc will post -3.34 earnings per share for the current fiscal year.

Several research firms recently issued reports on TCDA. Zacks Investment Research raised Tricida from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Saturday, March 30th. Empire raised their target price on Tricida from $37.00 to $58.00 in a research note on Monday, April 1st.

A number of institutional investors have recently bought and sold shares of the business. Strs Ohio boosted its position in Tricida by 45.5% during the 1st quarter. Strs Ohio now owns 4,800 shares of the company’s stock valued at $185,000 after acquiring an additional 1,500 shares in the last quarter. Geode Capital Management LLC boosted its position in Tricida by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 188,925 shares of the company’s stock valued at $4,454,000 after acquiring an additional 14,741 shares in the last quarter. Norges Bank bought a new stake in Tricida during the 4th quarter valued at approximately $236,000. Amundi Pioneer Asset Management Inc. bought a new stake in Tricida during the 4th quarter valued at approximately $99,000. Finally, Opaleye Management Inc. boosted its position in Tricida by 141.2% during the 4th quarter. Opaleye Management Inc. now owns 123,000 shares of the company’s stock valued at $2,900,000 after acquiring an additional 72,000 shares in the last quarter. 69.36% of the stock is currently owned by institutional investors and hedge funds.

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About Tricida

Tricida, Inc, a pharmaceutical company, focuses on the development and commercialization of its drug candidate, TRC101, a non-absorbed, orally-administered polymer designed as a potential treatment for metabolic acidosis in patients with chronic kidney disease (CKD). It has completed a Phase 3, double-blind, placebo-controlled trial of TRC101 in patients with CKD and metabolic acidosis.

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