Karyopharm Therapeutics (NASDAQ:KPTI) released its quarterly earnings data on Thursday. The company reported ($0.79) EPS for the quarter, beating the consensus estimate of ($0.88) by $0.09, MarketWatch Earnings reports. The company had revenue of $0.24 million for the quarter, compared to the consensus estimate of $1.21 million.

Shares of KPTI traded up $0.05 during midday trading on Friday, hitting $11.60. 786,589 shares of the company traded hands, compared to its average volume of 933,786. Karyopharm Therapeutics has a 52 week low of $9.00 and a 52 week high of $21.71. The company has a market capitalization of $721.92 million, a PE ratio of -4.13 and a beta of 3.93.

In related news, major shareholder Ltd Chione sold 214,026 shares of the stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $19.52, for a total value of $4,177,787.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Kauffman sold 10,000 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $17.46, for a total transaction of $174,600.00. Following the completion of the transaction, the chief executive officer now directly owns 522,143 shares of the company’s stock, valued at approximately $9,116,616.78. The disclosure for this sale can be found here. Insiders have sold a total of 735,788 shares of company stock valued at $14,720,105 in the last three months. Insiders own 13.26% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in shares of Karyopharm Therapeutics by 5.1% in the 3rd quarter. BlackRock Inc. now owns 4,260,531 shares of the company’s stock valued at $72,556,000 after acquiring an additional 204,897 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Karyopharm Therapeutics by 120.6% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,085,500 shares of the company’s stock valued at $18,486,000 after acquiring an additional 593,500 shares during the last quarter. Emerald Advisers Inc. PA lifted its holdings in shares of Karyopharm Therapeutics by 23.6% in the 3rd quarter. Emerald Advisers Inc. PA now owns 694,068 shares of the company’s stock valued at $11,820,000 after acquiring an additional 132,751 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Karyopharm Therapeutics by 35.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 647,307 shares of the company’s stock valued at $11,024,000 after acquiring an additional 169,616 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Karyopharm Therapeutics by 51.5% in the 2nd quarter. Northern Trust Corp now owns 601,974 shares of the company’s stock valued at $10,226,000 after acquiring an additional 204,680 shares during the last quarter. 71.83% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on KPTI shares. BidaskClub downgraded shares of Karyopharm Therapeutics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research raised shares of Karyopharm Therapeutics from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, July 25th. Canaccord Genuity reissued a “buy” rating and set a $27.00 price objective on shares of Karyopharm Therapeutics in a report on Tuesday, August 7th. Robert W. Baird reissued a “buy” rating and set a $25.00 price objective on shares of Karyopharm Therapeutics in a report on Wednesday, August 8th. Finally, HC Wainwright reissued a “buy” rating and set a $30.00 price objective on shares of Karyopharm Therapeutics in a report on Wednesday, August 29th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $22.90.

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About Karyopharm Therapeutics

Karyopharm Therapeutics Inc, a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of drugs directed against nuclear transport and related targets for the treatment of cancer and other diseases. Its lead drug candidate is Selinexor(KPT-330), which is in Phase 2b clinical study in treatments of refractory multiple myeloma; Phase 1b/2 clinical study in combination with backbone treatments for multiple myeloma patients; Phase 2b clinical study in diffuse large B-cell lymphoma; Phase 3 clinical trial in combination with Velcade (bortezomib) and dexamethasone for multiple myeloma patients; and Phase 2/3 clinical study in liposarcoma.

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Earnings History for Karyopharm Therapeutics (NASDAQ:KPTI)

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