FibroGen Inc (FGEN) CEO Sells $861,304.00 in Stock

FibroGen Inc (NASDAQ:FGEN) CEO Thomas B. Neff sold 18,400 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $46.81, for a total transaction of $861,304.00. Following the sale, the chief executive officer now directly owns 2,550,176 shares of the company’s stock, valued at approximately $119,373,738.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

FibroGen stock opened at $47.21 on Monday. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -45.83 and a beta of 1.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 7.75 and a quick ratio of 7.75. FibroGen Inc has a 12 month low of $37.27 and a 12 month high of $68.55.

FibroGen (NASDAQ:FGEN) last released its quarterly earnings data on Wednesday, February 27th. The biopharmaceutical company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.40. The firm had revenue of $108.05 million during the quarter, compared to the consensus estimate of $72.15 million. FibroGen had a negative net margin of 40.58% and a negative return on equity of 16.84%. The firm’s revenue was up 251.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.27) earnings per share. On average, analysts anticipate that FibroGen Inc will post -0.97 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in FibroGen in the fourth quarter worth $2,391,000. Two Sigma Investments LP acquired a new position in FibroGen in the fourth quarter worth $1,095,000. Norges Bank acquired a new position in shares of FibroGen during the fourth quarter valued at $32,604,000. Vanguard Group Inc. boosted its holdings in shares of FibroGen by 1.8% during the third quarter. Vanguard Group Inc. now owns 6,921,874 shares of the biopharmaceutical company’s stock valued at $420,503,000 after acquiring an additional 125,186 shares during the period. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of FibroGen during the fourth quarter valued at $231,000. 66.58% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on FGEN shares. Zacks Investment Research raised shares of FibroGen from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Friday, March 8th. Piper Jaffray Companies started coverage on shares of FibroGen in a research report on Friday, April 12th. They set a “neutral” rating and a $65.00 price target for the company. Stifel Nicolaus started coverage on shares of FibroGen in a research report on Monday, February 11th. They set a “buy” rating and a $71.00 price target for the company. BidaskClub raised shares of FibroGen from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 10th. Finally, TheStreet raised shares of FibroGen from a “d+” rating to a “c-” rating in a research report on Friday, March 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $71.17.

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About FibroGen

FibroGen, Inc, a biopharmaceutical company, discovers, develops, and commercializes therapeutics to treat serious unmet medical needs. It is developing Roxadustat, an oral small molecule inhibitor of hypoxia inducible factor prolyl hydroxylases (HIF-PHs) that is in Phase III clinical development for the treatment of anemia in chronic kidney disease in the United States and Europe; and in Phase II/III development in China for anemia associated with myelodysplastic syndromes.

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