Insider Selling: Foundation Medicine Inc (FMI) COO Sells 23,064 Shares of Stock
Foundation Medicine Inc (NASDAQ:FMI) COO Steven J. Kafka sold 23,064 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $70.13, for a total transaction of $1,617,478.32. Following the completion of the sale, the chief operating officer now directly owns 61,361 shares in the company, valued at $4,303,246.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Steven J. Kafka also recently made the following trade(s):
- On Tuesday, January 2nd, Steven J. Kafka sold 157 shares of Foundation Medicine stock. The shares were sold at an average price of $64.00, for a total transaction of $10,048.00.
Shares of Foundation Medicine Inc (FMI) opened at $64.85 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.03 and a current ratio of 2.24. Foundation Medicine Inc has a 12 month low of $22.40 and a 12 month high of $75.20. The stock has a market cap of $2,350.00, a PE ratio of -14.51 and a beta of -0.03.
Several equities research analysts have commented on FMI shares. Zacks Investment Research lowered shares of Foundation Medicine from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. BidaskClub raised shares of Foundation Medicine from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, Goldman Sachs Group initiated coverage on shares of Foundation Medicine in a research note on Monday, January 29th. They set a “neutral” rating and a $73.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $52.25.
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About Foundation Medicine
Foundation Medicine, Inc is a molecular information company. The Company sells products that are enabled by its molecular information platform to physicians and biopharmaceutical companies. It is engaged in the business of delivering molecular information about cancer to its customers. Its platform includes various methods and algorithms for analyzing specimens across various types of cancer.
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