Protagonist Therapeutics Inc (NASDAQ:PTGX) CEO Dinesh V. Ph D. Patel sold 10,909 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $7.74, for a total value of $84,435.66. Following the transaction, the chief executive officer now directly owns 367,396 shares of the company’s stock, valued at approximately $2,843,645.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NASDAQ:PTGX opened at $7.10 on Monday. The stock has a market cap of $171.72 million, a PE ratio of -3.40 and a beta of 2.10. Protagonist Therapeutics Inc has a 1-year low of $5.49 and a 1-year high of $23.97.

Several brokerages have commented on PTGX. Zacks Investment Research raised Protagonist Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. ValuEngine downgraded Protagonist Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Nomura started coverage on Protagonist Therapeutics in a report on Thursday, December 6th. They set a “buy” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Protagonist Therapeutics has an average rating of “Hold” and a consensus price target of $18.20.

Several large investors have recently added to or reduced their stakes in PTGX. Renaissance Technologies LLC grew its holdings in shares of Protagonist Therapeutics by 816.3% during the second quarter. Renaissance Technologies LLC now owns 478,300 shares of the company’s stock worth $3,214,000 after purchasing an additional 426,100 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Protagonist Therapeutics during the third quarter worth about $3,598,000. FMR LLC grew its holdings in shares of Protagonist Therapeutics by 8.7% during the third quarter. FMR LLC now owns 3,457,402 shares of the company’s stock worth $35,577,000 after purchasing an additional 276,819 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Protagonist Therapeutics during the second quarter worth about $1,531,000. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Protagonist Therapeutics during the third quarter worth about $1,933,000. Institutional investors own 66.15% of the company’s stock.

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About Protagonist Therapeutics

Protagonist Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on discovering and developing peptide-based drugs to address various unmet medical needs. The company's lead product candidates include PTG-100, an oral alpha-4-beta-7 integrin- antagonist that is in Phase II b clinical trial for the treatment of ulcerative colitis, as well as for treating chronic pouchitis, a gastrointestinal (GI) condition that occurs in post-surgical inflammatory bowel disease (IBD) patients; PTG-200, an oral interleukin-23 receptor antagonist, which is in Phase I clinical trial for the treatment of IBD; and PTG-300, an injectable hepcidin mimetic, which has completed Phase I study for use in the treatment of beta-thalassemia, as well as for treating other diseases, such as hereditary hemochromatosis, polycythemia vera, siderophilic infections, and liver fibrosis.

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