Boston Foundation, Inc. Sells 263,000 Shares of Flex Pharma Inc (FLKS) Stock

Flex Pharma Inc (NASDAQ:FLKS) major shareholder Boston Foundation, Inc. sold 263,000 shares of Flex Pharma stock in a transaction that occurred on Tuesday, January 8th. The shares were sold at an average price of $0.40, for a total transaction of $105,200.00. Following the transaction, the insider now owns 1,937,000 shares of the company’s stock, valued at $774,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

FLKS stock opened at $0.35 on Friday. Flex Pharma Inc has a 52-week low of $0.26 and a 52-week high of $8.98.

Flex Pharma (NASDAQ:FLKS) last released its earnings results on Monday, November 5th. The biotechnology company reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. Flex Pharma had a negative net margin of 2,919.75% and a negative return on equity of 148.15%. The firm had revenue of $0.25 million during the quarter.

A hedge fund recently raised its stake in Flex Pharma stock. Renaissance Technologies LLC increased its position in Flex Pharma Inc (NASDAQ:FLKS) by 84.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 236,958 shares of the biotechnology company’s stock after acquiring an additional 108,358 shares during the period. Renaissance Technologies LLC owned about 1.31% of Flex Pharma worth $223,000 at the end of the most recent reporting period. 12.77% of the stock is currently owned by institutional investors and hedge funds.

FLKS has been the subject of several recent research reports. ValuEngine upgraded shares of Flex Pharma from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of Flex Pharma from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Flex Pharma currently has a consensus rating of “Hold” and a consensus price target of $14.88.

TRADEMARK VIOLATION WARNING: “Boston Foundation, Inc. Sells 263,000 Shares of Flex Pharma Inc (FLKS) Stock” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2019/01/11/boston-foundation-inc-sells-263000-shares-of-flex-pharma-inc-flks-stock.html.

About Flex Pharma

Flex Pharma, Inc operates as a biotechnology company. It engages in developing treatments for exercise-associated muscle cramps, nocturnal leg cramps and spasms associated with severe neuromuscular conditions. The company operates through the following business segments: Consumer Operations and Drug Development.

Recommended Story: What is a Candlestick Chart?

Receive News & Ratings for Flex Pharma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flex Pharma and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply