AveXis Inc (AVXS) VP Sukumar Nagendran Sells 1,780 Shares

AveXis Inc (NASDAQ:AVXS) VP Sukumar Nagendran sold 1,780 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $109.72, for a total transaction of $195,301.60. Following the completion of the sale, the vice president now owns 1,780 shares in the company, valued at $195,301.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Sukumar Nagendran also recently made the following trade(s):

  • On Friday, December 1st, Sukumar Nagendran sold 1,780 shares of AveXis stock. The stock was sold at an average price of $94.77, for a total transaction of $168,690.60.
  • On Wednesday, November 1st, Sukumar Nagendran sold 1,780 shares of AveXis stock. The stock was sold at an average price of $101.26, for a total transaction of $180,242.80.

AveXis Inc (AVXS) traded up $4.75 during trading on Friday, reaching $113.71. 1,140,000 shares of the company’s stock traded hands, compared to its average volume of 663,285. The stock has a market cap of $3,911.01, a PE ratio of -20.38 and a beta of 2.46. AveXis Inc has a 12 month low of $52.18 and a 12 month high of $119.00.

AveXis (NASDAQ:AVXS) last released its quarterly earnings data on Thursday, November 9th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.48) by ($0.04). During the same quarter in the prior year, the firm earned ($0.87) EPS. analysts anticipate that AveXis Inc will post -6.23 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in AveXis in the 3rd quarter valued at about $116,000. Ameritas Investment Partners Inc. lifted its position in shares of AveXis by 331.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,112 shares of the company’s stock worth $174,000 after purchasing an additional 1,622 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of AveXis by 688.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 1,806 shares of the company’s stock worth $175,000 after purchasing an additional 1,577 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of AveXis in the 3rd quarter worth approximately $200,000. Finally, Deschutes Portfolio Strategy LLC purchased a new stake in shares of AveXis in the 3rd quarter worth approximately $203,000. 92.92% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on AVXS shares. BMO Capital Markets restated an “outperform” rating and issued a $123.00 target price on shares of AveXis in a report on Saturday, September 30th. Citigroup lifted their price target on shares of AveXis from $100.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. UBS Group reaffirmed a “buy” rating and set a $122.00 price target (up from $95.00) on shares of AveXis in a research note on Tuesday, October 3rd. Goldman Sachs Group reaffirmed a “buy” rating and set a $130.00 price target on shares of AveXis in a research note on Friday, October 6th. Finally, Jefferies Group lifted their price target on shares of AveXis to $118.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $113.89.

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AveXis Company Profile

AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.

Insider Buying and Selling by Quarter for AveXis (NASDAQ:AVXS)

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