Yesterday it was reported that the CFO of Arrowhead Research (ARWR), Kenneth Allen Myszkowski, exercised options to buy 35,000 ARWR shares at $4.93 a share, for a total transaction value of $172.8K.
Following Kenneth Allen Myszkowski’s last ARWR Buy transaction on August 24, 2016, the stock climbed by 17.5%. This recent transaction increases Kenneth Allen Myszkowski’s holding in the company by 13.54% to a total of $7.65 million.
See today’s analyst top recommended stocks >>
Based on Arrowhead Research’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $48.15 million and quarterly net profit of $23.9 million. In comparison, last year the company earned revenue of $650.1K and had a GAAP net loss of $14.88 million. ARWR’s market cap is $2.24B and the company has a P/E ratio of 358.97. Currently, Arrowhead Research has an average volume of 1.99M.
Starting in September 2018, ARWR received 27 Buy ratings in a row. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $28.38, reflecting a 16.3% upside. Four different firms, including Cantor Fitzgerald and Piper Jaffray, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $746.4K worth of ARWR shares and purchased $277.9K worth of ARWR shares. The insider sentiment on Arrowhead Research has been neutral according to 43 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
