Ionis Pharmaceuticals Inc (IONS) Chairman Stanley T. Crooke Sells 22,000 Shares
Ionis Pharmaceuticals Inc (NASDAQ:IONS) Chairman Stanley T. Crooke sold 22,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $50.01, for a total transaction of $1,100,220.00. Following the completion of the sale, the chairman now directly owns 58,014 shares of the company’s stock, valued at $2,901,280.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Ionis Pharmaceuticals Inc (NASDAQ IONS) opened at $49.89 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 6.21 and a current ratio of 6.25. The stock has a market capitalization of $6,174.88, a PE ratio of 332.62 and a beta of 2.86. Ionis Pharmaceuticals Inc has a twelve month low of $37.26 and a twelve month high of $65.51.
IONS has been the subject of a number of research analyst reports. Stifel Nicolaus reissued a “hold” rating on shares of Ionis Pharmaceuticals in a report on Tuesday, September 12th. Needham & Company LLC reissued a “buy” rating and issued a $64.00 price target on shares of Ionis Pharmaceuticals in a report on Sunday, September 17th. Barclays cut their price target on shares of Ionis Pharmaceuticals from $55.00 to $52.00 and set an “equal weight” rating for the company in a report on Thursday, September 21st. BMO Capital Markets reissued an “outperform” rating and issued a $69.00 price target on shares of Ionis Pharmaceuticals in a report on Monday, October 2nd. Finally, Goldman Sachs Group reissued a “sell” rating and issued a $30.00 price target on shares of Ionis Pharmaceuticals in a report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $50.76.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AXA acquired a new stake in Ionis Pharmaceuticals during the 3rd quarter worth about $5,202,000. Steward Partners Investment Advisory LLC acquired a new stake in Ionis Pharmaceuticals during the 3rd quarter worth about $100,000. GSA Capital Partners LLP raised its holdings in Ionis Pharmaceuticals by 10.9% during the 3rd quarter. GSA Capital Partners LLP now owns 23,893 shares of the company’s stock worth $1,211,000 after buying an additional 2,348 shares during the period. Iguana Healthcare Management LLC acquired a new stake in Ionis Pharmaceuticals during the 3rd quarter worth about $761,000. Finally, Parallel Advisors LLC raised its holdings in Ionis Pharmaceuticals by 60.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,323 shares of the company’s stock worth $182,000 after buying an additional 1,250 shares during the period. Hedge funds and other institutional investors own 91.40% of the company’s stock.
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Ionis Pharmaceuticals Company Profile
Ionis Pharmaceuticals, Inc is engaged in discovering and developing ribonucleic acid (RNA)-targeted therapeutics. The Company, using its drug discovery platform, has developed a pipeline of drugs for patients with unmet medical needs. The Company’s segments include Ionis Core and Akcea Therapeutics. In the Ionis Core segment, the Company is engaged in exploiting a drug discovery platform to generate a pipeline of drugs for the Company and its partners.
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