Alexander O. Schuth Sells 7,500 Shares of Denali Therapeutics Inc (DNLI) Stock
Denali Therapeutics Inc (NASDAQ:DNLI) COO Alexander O. Schuth sold 7,500 shares of the stock in a transaction on Friday, January 11th. The stock was sold at an average price of $20.37, for a total transaction of $152,775.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of DNLI stock traded up $0.71 during trading hours on Friday, reaching $20.89. The stock had a trading volume of 321,800 shares, compared to its average volume of 402,188. Denali Therapeutics Inc has a twelve month low of $12.32 and a twelve month high of $25.79. The stock has a market cap of $1.91 billion and a PE ratio of -3.55.
Denali Therapeutics (NASDAQ:DNLI) last released its quarterly earnings data on Thursday, November 8th. The company reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.13). The company had revenue of $1.20 million for the quarter, compared to analyst estimates of $3.00 million. On average, analysts expect that Denali Therapeutics Inc will post -1.28 earnings per share for the current fiscal year.
A number of brokerages have weighed in on DNLI. Cantor Fitzgerald reissued a “buy” rating and set a $25.00 target price on shares of Denali Therapeutics in a report on Friday, December 7th. Zacks Investment Research raised shares of Denali Therapeutics from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Thursday, January 3rd. Finally, Janney Montgomery Scott began coverage on shares of Denali Therapeutics in a report on Monday, November 12th. They set a “buy” rating and a $26.00 target price on the stock.
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About Denali Therapeutics
Denali Therapeutics Inc, a biopharmaceutical company, discovers and develops therapeutic candidates for neurodegenerative diseases in the United States. The company offers leucine-rich repeat kinase 2 (LRRK2) inhibitor product candidates, including DNL201 and DNL151, which are in Phase 1 clinical trials for Parkinson's disease.
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