The President of La Jolla Pharma (LJPC) is Buying Shares

Yesterday, the President of La Jolla Pharma (LJPC), George Tidmarsh, bought shares of LJPC for $11.7K.

In addition to George Tidmarsh, 3 other LJPC executives reported Buy trades in the last month.

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Based on La Jolla Pharma’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.47 million and GAAP net loss of $50.75 million. In comparison, last year the company earned revenue of $0 and had a GAAP net loss of $38.55 million. Currently, La Jolla Pharma has an average volume of 4.83M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $30.33, reflecting a 398.0% upside. Starting in October 2018, LJPC received 4 Buy ratings in a row.

In the last 30 days, insiders have sold $11.72M worth of LJPC shares and purchased $52.24K worth of LJPC shares.

George Tidmarsh’s trades have generated a 125.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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La Jolla Pharmaceutical Co. operates as a biopharmaceutical company, which engages in the discovery, development and commercialization of therapies intended to significantly improve outcomes in patients suffering from life-threatening diseases. Its products includes LJPC-501, LJPC-401, LJPC-30Sa and LJPC-30Sb.

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