Dawn Parsell Otto Sells 2,000 Shares of Tricida Inc (TCDA) Stock

Tricida Inc (NASDAQ:TCDA) SVP Dawn Parsell Otto sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Dawn Parsell Otto also recently made the following trade(s):

  • On Monday, January 7th, Dawn Parsell Otto sold 665 shares of Tricida stock. The shares were sold at an average price of $23.27, for a total value of $15,474.55.

TCDA stock traded up $0.14 during trading on Friday, reaching $24.87. 146,012 shares of the company traded hands, compared to its average volume of 174,319. Tricida Inc has a 12 month low of $19.43 and a 12 month high of $40.10. The company has a quick ratio of 12.68, a current ratio of 12.68 and a debt-to-equity ratio of 0.11.

Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new stake in Tricida in the third quarter worth about $452,000. Northern Trust Corp purchased a new position in shares of Tricida in the second quarter worth about $448,000. American International Group Inc. purchased a new position in shares of Tricida in the third quarter worth about $237,000. United Services Automobile Association raised its stake in shares of Tricida by 30.8% in the third quarter. United Services Automobile Association now owns 24,848 shares of the company’s stock worth $759,000 after purchasing an additional 5,848 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Tricida by 17.5% in the third quarter. JPMorgan Chase & Co. now owns 686,751 shares of the company’s stock worth $20,981,000 after purchasing an additional 102,514 shares during the last quarter. 70.27% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research downgraded Tricida from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th.

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About Tricida

Tricida, Inc operates as a pharmaceutical company. It focuses on the development and commercialization of TRC101, a non-absorbed orally-administered polymer drug that has completed Phase III clinical trials to treat metabolic acidosis in patients with chronic kidney disease. The company was founded in 2013 and is headquartered in South San Francisco, California.

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