Key Points
- CEO Vincent Angotti bought 105,364 shares of Talphera at an average price of $0.81 on Feb. 12, a purchase worth about $85,345 that raised his direct stake by 21.88% to 586,954 shares.
- Shares were trading down about 3.9% (opened at $0.78) with a market cap of $36.2M; analysts are mixed but the consensus rating is "Hold" with a $6.00 target, and institutional investors now own about 37.67% of the stock after recent position increases.
Talphera, Inc. (NASDAQ:TLPH - Get Free Report) insider Badri Dasu purchased 35,000 shares of the company's stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of $0.81 per share, with a total value of $28,350.00. Following the completion of the transaction, the insider owned 76,230 shares of the company's stock, valued at approximately $61,746.30. This trade represents a 84.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Talphera Price Performance
Shares of TLPH stock traded down $0.03 on Friday, hitting $0.78. 51,448 shares of the stock traded hands, compared to its average volume of 163,382. Talphera, Inc. has a 52 week low of $0.38 and a 52 week high of $1.57. The firm has a 50 day simple moving average of $1.00 and a two-hundred day simple moving average of $0.99. The firm has a market cap of $36.20 million, a price-to-earnings ratio of -2.04 and a beta of 0.46.
Institutional Trading of Talphera
Several hedge funds have recently modified their holdings of TLPH. AIGH Capital Management LLC bought a new position in shares of Talphera during the 3rd quarter valued at approximately $3,979,000. Rosalind Advisors Inc. raised its stake in Talphera by 118.9% during the third quarter. Rosalind Advisors Inc. now owns 4,385,757 shares of the company's stock valued at $3,917,000 after purchasing an additional 2,381,818 shares in the last quarter. Nantahala Capital Management LLC lifted its position in Talphera by 75.3% during the third quarter. Nantahala Capital Management LLC now owns 3,492,519 shares of the company's stock valued at $3,120,000 after purchasing an additional 1,500,000 shares during the last quarter. Empery Asset Management LP purchased a new position in shares of Talphera in the 4th quarter worth $1,520,000. Finally, Cantor Fitzgerald L. P. purchased a new position in shares of Talphera in the 4th quarter worth $658,000. 37.67% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on TLPH. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Talphera in a research note on Wednesday, January 21st. Wall Street Zen upgraded Talphera to a "hold" rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.00.
Read Our Latest Analysis on Talphera
Talphera Company Profile
(
Get Free Report)
Talphera, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of therapies for use in medically supervised settings. Its lead product candidate is Niyad, a lyophilized formulation of nafamostat, which is under an investigational device exemption as an anticoagulant for the extracorporeal circuit. It is also developing LTX-608, an anti-inflammatory and antiviral potential for the treatment of multiple conditions, including disseminated intravascular coagulation (DIC), acute respiratory distress syndrome (ARDS), and acute pancreatitis; Fedsyra, a pre-filled ephedrine syringe; and PFS-02, a pre-filled phenylephrine syringe.
Further Reading
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