Intrexon Corp (NYSE:XON) major shareholder Randal J. Kirk sold 95,241 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $0.65, for a total transaction of $61,906.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
NYSE:XON traded up $0.11 during mid-day trading on Friday, reaching $4.50. 1,514,925 shares of the company were exchanged, compared to its average volume of 2,457,732. Intrexon Corp has a 12 month low of $3.95 and a 12 month high of $19.94.
Intrexon (NYSE:XON) last issued its quarterly earnings data on Thursday, February 28th. The biotechnology company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.14. The company had revenue of $43.19 million for the quarter, compared to the consensus estimate of $61.81 million.
XON has been the topic of several analyst reports. JMP Securities reaffirmed a “buy” rating and issued a $43.00 target price on shares of Intrexon in a report on Wednesday, March 6th. Zacks Investment Research raised shares of Intrexon from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Saturday, January 19th. Finally, Northland Securities lowered shares of Intrexon from an “outperform” rating to a “market perform” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.00.
Intrexon Corporation operates in the synthetic biology field in the United States. The company, through a suite of proprietary and complementary technologies, designs, builds, and regulates gene programs, which are DNA sequences that consist of key genetic components. Its technologies include UltraVector gene design and fabrication platform, and its associated library of modular DNA components; Cell Systems Informatics; RheoSwitch inducible gene switch; AttSite Recombinases; Protein Engineering; Laser-Enabled Analysis and Processing; and ActoBiotics and AdenoVerse technology platforms.
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