Phathom Pharmaceuticals, Inc. (NASDAQ:PHAT) Director David A. Socks sold 44,876 shares of the firm’s stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $47.18, for a total transaction of $2,117,249.68. The sale was disclosed in a filing with the SEC, which is available through this link.
NASDAQ:PHAT traded down $0.86 during trading hours on Tuesday, reaching $44.89. The company had a trading volume of 141,661 shares, compared to its average volume of 105,593. The company has a current ratio of 8.21, a quick ratio of 8.21 and a debt-to-equity ratio of 0.26. Phathom Pharmaceuticals, Inc. has a 52 week low of $22.06 and a 52 week high of $64.54. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -3.27 and a beta of 1.32. The firm’s 50 day moving average price is $40.32 and its 200-day moving average price is $39.24.
Several hedge funds have recently modified their holdings of PHAT. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Phathom Pharmaceuticals during the 3rd quarter valued at $598,000. California Public Employees Retirement System grew its position in shares of Phathom Pharmaceuticals by 2.5% during the 3rd quarter. California Public Employees Retirement System now owns 32,724 shares of the company’s stock valued at $1,200,000 after acquiring an additional 800 shares during the period. State Street Corp grew its position in shares of Phathom Pharmaceuticals by 0.7% during the 3rd quarter. State Street Corp now owns 214,307 shares of the company’s stock valued at $7,859,000 after acquiring an additional 1,500 shares during the period. JPMorgan Chase & Co. grew its position in shares of Phathom Pharmaceuticals by 1.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 162,595 shares of the company’s stock valued at $5,819,000 after acquiring an additional 2,476 shares during the period. Finally, Rhenman & Partners Asset Management AB bought a new stake in shares of Phathom Pharmaceuticals during the 4th quarter valued at $5,814,000. 73.80% of the stock is owned by hedge funds and other institutional investors.
Phathom Pharmaceuticals Company Profile
Phathom Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on developing and commercializing treatments for gastrointestinal diseases. The company has the rights in the United States, Europe, and Canada to vonoprazan, a potassium-competitive acid blocker (P-CAB) that blocks acid secretion in the stomach.
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