Arrowhead Pharmaceuticals (ARWR) Trading Down 5.6% Following Insider Selling

Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) shares were down 5.6% on Friday after an insider sold shares in the company. The stock traded as low as $13.75 and last traded at $14.49. Approximately 2,035,512 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 2,063,021 shares. The stock had previously closed at $15.35.

Specifically, CEO Christopher Richard Anzalone sold 81,500 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $14.39, for a total value of $1,172,785.00. Following the completion of the sale, the chief executive officer now owns 1,727,755 shares of the company’s stock, valued at $24,862,394.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kenneth Allen Myszkowski sold 45,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $19.34, for a total value of $870,300.00. Following the completion of the sale, the chief financial officer now directly owns 335,815 shares of the company’s stock, valued at approximately $6,494,662.10. The disclosure for this sale can be found here. In the last three months, insiders sold 522,471 shares of company stock valued at $7,638,974. 4.60% of the stock is owned by corporate insiders.

ARWR has been the subject of a number of research analyst reports. BidaskClub cut Arrowhead Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 16th. Chardan Capital restated a “buy” rating and issued a $17.50 price target on shares of Arrowhead Pharmaceuticals in a research report on Monday, August 13th. William Blair restated an “outperform” rating on shares of Arrowhead Pharmaceuticals in a research report on Wednesday, October 17th. B. Riley raised their price target on Arrowhead Pharmaceuticals from $12.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Finally, Cantor Fitzgerald set a $18.00 price target on Arrowhead Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.45.

The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.02.

Arrowhead Pharmaceuticals (NASDAQ:ARWR) last announced its quarterly earnings results on Tuesday, August 7th. The biotechnology company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The business had revenue of $0.73 million during the quarter, compared to analysts’ expectations of $0.62 million. Arrowhead Pharmaceuticals had a negative return on equity of 59.39% and a negative net margin of 400.13%. Sell-side analysts forecast that Arrowhead Pharmaceuticals Inc will post -0.65 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of ARWR. RTW Investments LP increased its position in Arrowhead Pharmaceuticals by 184.6% during the 2nd quarter. RTW Investments LP now owns 8,299,542 shares of the biotechnology company’s stock worth $112,874,000 after purchasing an additional 5,382,981 shares in the last quarter. BlackRock Inc. increased its position in Arrowhead Pharmaceuticals by 108.1% during the 2nd quarter. BlackRock Inc. now owns 7,083,926 shares of the biotechnology company’s stock worth $96,342,000 after purchasing an additional 3,679,986 shares in the last quarter. FMR LLC purchased a new stake in Arrowhead Pharmaceuticals during the 3rd quarter worth about $37,922,000. Northern Trust Corp increased its position in Arrowhead Pharmaceuticals by 380.1% during the 2nd quarter. Northern Trust Corp now owns 1,063,499 shares of the biotechnology company’s stock worth $14,464,000 after purchasing an additional 841,982 shares in the last quarter. Finally, First Manhattan Co. increased its position in Arrowhead Pharmaceuticals by 11.6% during the 3rd quarter. First Manhattan Co. now owns 5,053,925 shares of the biotechnology company’s stock worth $96,883,000 after purchasing an additional 523,675 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.

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Arrowhead Pharmaceuticals Company Profile (NASDAQ:ARWR)

Arrowhead Pharmaceuticals, Inc develops medicines for the treatment of intractable diseases in the United States. Its pre-clinical stage medicines include ARO-HBV to treat chronic hepatitis B virus infection; ARO-AAT for the treatment of liver disease associated with alpha-1 antitrypsin deficiency; ARO-APOC3 and ARO-ANG3 to treat hypertriglyceridemia; ARO-Lung1 for the treatment of an undisclosed pulmonary target; ARO-HIF2 to treat renal cell carcinoma; ARO-F12 for hereditary angioedema and thromboembolic disorders; and ARO-AMG1 for the treatment of an undisclosed genetically validated cardiovascular target.

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