The COO of Ionis Pharmaceuticals Inc (IONS) is Buying Shares


Today, the COO of Ionis Pharmaceuticals Inc (NASDAQ: IONS), Brett Monia, bought shares of IONS for $119.3K.

Following this transaction Brett Monia’s holding in the company was increased by 197.73% to a total of $715.5K. In addition to Brett Monia, one other IONS executive reported Buy trades in the last month.

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Based on Ionis Pharmaceuticals Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $118 million and GAAP net loss of $40.36 million. In comparison, last year the company earned revenue of $104 million and had a GAAP net loss of $11.21 million. Currently, Ionis Pharmaceuticals Inc has an average volume of 1.82M. The Company has a Price to Book ratio of 8.8981.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $46.67, reflecting a 1.0% upside.

The insider sentiment on Ionis Pharmaceuticals Inc has been positive according to 72 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Ionis Pharmaceuticals, Inc. engages in the development and commercialization of human therapeutic drugs using antisense technology. It operates through the Ionis Core and Akcea Therapeutics segments. The Ionis Core segment exploits a novel drug discovery platform to generate a pipeline of drugs.

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