Denali Therapeutics Inc (NASDAQ:DNLI) COO Alexander O. Schuth sold 7,500 shares of Denali Therapeutics stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.77, for a total value of $140,775.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
DNLI opened at $18.71 on Friday. The stock has a market capitalization of $1.79 billion, a P/E ratio of -47.97 and a beta of 2.28. Denali Therapeutics Inc has a 12 month low of $12.32 and a 12 month high of $28.86. The company has a quick ratio of 11.55, a current ratio of 11.55 and a debt-to-equity ratio of 0.14.
Denali Therapeutics (NASDAQ:DNLI) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.01). The company had revenue of $4.21 million during the quarter, compared to analysts’ expectations of $12.88 million. Denali Therapeutics had a negative return on equity of 10.23% and a negative net margin of 38.84%. Analysts anticipate that Denali Therapeutics Inc will post -1.48 earnings per share for the current year.
DNLI has been the subject of several recent research reports. TheStreet lowered Denali Therapeutics from a “c-” rating to a “d” rating in a research report on Thursday. ValuEngine lowered Denali Therapeutics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 28th. Finally, Zacks Investment Research lowered Denali Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Denali Therapeutics presently has a consensus rating of “Buy” and a consensus price target of $26.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc. grew its position in Denali Therapeutics by 2.2% in the first quarter. TD Asset Management Inc. now owns 23,400 shares of the company’s stock worth $543,000 after acquiring an additional 500 shares in the last quarter. Principal Financial Group Inc. grew its position in Denali Therapeutics by 0.4% in the first quarter. Principal Financial Group Inc. now owns 186,760 shares of the company’s stock worth $4,337,000 after acquiring an additional 810 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in Denali Therapeutics in the first quarter worth about $26,000. Legal & General Group Plc grew its position in Denali Therapeutics by 16.3% in the fourth quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock worth $179,000 after acquiring an additional 1,212 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Denali Therapeutics by 13.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,436 shares of the company’s stock worth $216,000 after acquiring an additional 1,237 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.
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About Denali Therapeutics
Denali Therapeutics Inc, a biopharmaceutical company, discovers and develops therapeutic candidates for neurodegenerative diseases in the United States. The company offers leucine-rich repeat kinase 2 (LRRK2) inhibitor product candidates, including DNL201 and DNL151, which are in Phase 1 clinical trials for Parkinson's disease.
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