Amicus Therapeutics, Inc. (NASDAQ:FOLD) SVP Daphne Quimi Sells 7,000 Shares

Amicus Therapeutics, Inc. (NASDAQ:FOLD) SVP Daphne Quimi sold 7,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $14.25, for a total value of $99,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Amicus Therapeutics, Inc. (NASDAQ FOLD) traded up 4.31% during mid-day trading on Friday, hitting $14.03. The company had a trading volume of 2,576,397 shares. The firm’s market capitalization is $2.31 billion. Amicus Therapeutics, Inc. has a 12-month low of $4.41 and a 12-month high of $16.60. The company’s 50 day moving average price is $14.35 and its 200-day moving average price is $11.26.

Amicus Therapeutics (NASDAQ:FOLD) last posted its earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.34) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.03. Amicus Therapeutics had a negative net margin of 1,279.88% and a negative return on equity of 61.25%. The firm had revenue of $7.16 million for the quarter, compared to analysts’ expectations of $6.96 million. During the same quarter last year, the firm earned ($0.40) EPS. On average, analysts forecast that Amicus Therapeutics, Inc. will post ($1.32) EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of Amicus Therapeutics during the 3rd quarter worth approximately $102,000. Teacher Retirement System of Texas increased its stake in shares of Amicus Therapeutics by 1.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,243 shares of the biopharmaceutical company’s stock worth $103,000 after purchasing an additional 169 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Amicus Therapeutics in the 2nd quarter valued at approximately $111,000. Tudor Investment Corp ET AL purchased a new position in Amicus Therapeutics in the 2nd quarter valued at approximately $124,000. Finally, Aperio Group LLC grew its stake in Amicus Therapeutics by 13.5% in the 2nd quarter. Aperio Group LLC now owns 13,986 shares of the biopharmaceutical company’s stock valued at $141,000 after buying an additional 1,663 shares in the last quarter.

Several equities research analysts have recently commented on the company. Leerink Swann reissued a “buy” rating and issued a $20.00 target price (up from $17.00) on shares of Amicus Therapeutics in a research note on Wednesday, October 4th. Robert W. Baird restated an “outperform” rating and issued a $16.00 price target on shares of Amicus Therapeutics in a research report on Monday, September 25th. J P Morgan Chase & Co restated an “overweight” rating and issued a $15.00 price target (up from $13.00) on shares of Amicus Therapeutics in a research report on Wednesday, August 9th. Cowen and Company restated a “buy” rating and issued a $16.00 price target on shares of Amicus Therapeutics in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered Amicus Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.81.

Amicus Therapeutics Company Profile

Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.

Insider Buying and Selling by Quarter for Amicus Therapeutics (NASDAQ:FOLD)

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