Thomas B. Neff Sells 39,636 Shares of FibroGen (FGEN) Stock

FibroGen (NASDAQ:FGEN) CEO Thomas B. Neff sold 39,636 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $48.56, for a total transaction of $1,924,724.16. Following the transaction, the chief executive officer now owns 2,933,653 shares in the company, valued at $142,458,189.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ FGEN opened at $46.40 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 9.70 and a quick ratio of 9.70. FibroGen has a 1-year low of $25.35 and a 1-year high of $63.00. The firm has a market cap of $3,980.42, a P/E ratio of -26.82 and a beta of 1.89.

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FibroGen (NASDAQ:FGEN) last issued its quarterly earnings results on Tuesday, February 27th. The biopharmaceutical company reported ($0.27) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.01. FibroGen had a negative return on equity of 32.08% and a negative net margin of 100.43%. The firm had revenue of $42.51 million during the quarter, compared to the consensus estimate of $45.37 million. sell-side analysts predict that FibroGen will post -1.35 earnings per share for the current fiscal year.



Several hedge funds and other institutional investors have recently modified their holdings of FGEN. First Trust Advisors LP lifted its holdings in shares of FibroGen by 1,058.4% during the fourth quarter. First Trust Advisors LP now owns 776,640 shares of the biopharmaceutical company’s stock worth $36,813,000 after purchasing an additional 709,598 shares during the period. Carillon Tower Advisers Inc. acquired a new stake in shares of FibroGen during the fourth quarter worth $282,486,000. Farallon Capital Management LLC lifted its holdings in shares of FibroGen by 50.7% during the fourth quarter. Farallon Capital Management LLC now owns 1,657,500 shares of the biopharmaceutical company’s stock worth $78,566,000 after purchasing an additional 557,500 shares during the period. BlackRock Inc. lifted its holdings in shares of FibroGen by 4.0% during the fourth quarter. BlackRock Inc. now owns 6,326,075 shares of the biopharmaceutical company’s stock worth $299,855,000 after purchasing an additional 244,617 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of FibroGen by 87.3% during the fourth quarter. Deutsche Bank AG now owns 373,555 shares of the biopharmaceutical company’s stock worth $17,704,000 after purchasing an additional 174,126 shares during the period. 61.39% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of FibroGen from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered shares of FibroGen from a “hold” rating to a “sell” rating in a research report on Monday, March 5th. Mizuho restated a “hold” rating and set a $61.00 target price on shares of FibroGen in a research report on Thursday, March 29th. Leerink Swann restated an “outperform” rating and set a $88.00 target price (up from $80.00) on shares of FibroGen in a research report on Wednesday, February 28th. Finally, TheStreet upgraded shares of FibroGen from a “d” rating to a “c-” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.67.

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FibroGen Company Profile

FibroGen, Inc, a research-based biopharmaceutical company, discovers, develops, and commercializes therapeutic agents to treat serious unmet medical needs. It is developing Roxadustat, an oral small molecule inhibitor of hypoxia inducible factor prolyl hydroxylases (HIF-PHs) that is in Phase III clinical development for the treatment of anemia in chronic kidney disease; Pamrevlumab, a human-monoclonal antibody that inhibits the activity of connective tissue growth factor, which is in Phase II clinical development for the treatment of idiopathic pulmonary fibrosis, pancreatic cancer, liver fibrosis, and Duchenne muscular dystrophy; and FG-5200, a corneal implant medical device for the treatment of corneal blindness resulting from partial thickness corneal damage.

Insider Buying and Selling by Quarter for FibroGen (NASDAQ:FGEN)

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