Soleno Therapeutics Inc (SLNO) Major Shareholder Sells $175,097.32 in Stock
Soleno Therapeutics Inc (NASDAQ:SLNO) major shareholder Bioasia Mangement Llc sold 90,724 shares of Soleno Therapeutics stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $1.93, for a total transaction of $175,097.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of SLNO opened at $1.95 on Wednesday. Soleno Therapeutics Inc has a 1-year low of $1.11 and a 1-year high of $5.07. The stock has a market cap of $61.97 million, a PE ratio of -3.00 and a beta of 3.27.
Soleno Therapeutics (NASDAQ:SLNO) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.07. On average, sell-side analysts forecast that Soleno Therapeutics Inc will post -0.77 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Soleno Therapeutics from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research note on Saturday, March 16th.
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Soleno Therapeutics Company Profile
Soleno Therapeutics, Inc focuses on the development and commercialization of novel therapeutics for the treatment of rare diseases. Its lead candidate is diazoxide choline controlled-release, a tablet that is in Phase III clinical trial for the treatment of Prader-Willi Syndrome. The company was formerly known as Capnia, Inc and changed its name to Soleno Therapeutics, Inc in May 2017.
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