Denali Therapeutics (NASDAQ:DNLI) posted its quarterly earnings results on Thursday. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.13), Fidelity Earnings reports. The firm had revenue of $1.20 million during the quarter, compared to analyst estimates of $3.00 million.
Shares of DNLI traded down $0.67 during midday trading on Friday, reaching $16.68. 207,840 shares of the stock were exchanged, compared to its average volume of 368,850. Denali Therapeutics has a 52 week low of $12.32 and a 52 week high of $25.79. The company has a market capitalization of $1.65 billion and a price-to-earnings ratio of -2.83.
In related news, insider Carole Ho sold 17,500 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan J. Watts sold 18,333 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $19.06, for a total value of $349,426.98. The disclosure for this sale can be found here. Insiders have sold a total of 54,167 shares of company stock worth $1,060,456 in the last three months. Corporate insiders own 21.30% of the company’s stock.
Separately, Zacks Investment Research downgraded Denali Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Denali Therapeutics has an average rating of “Hold” and an average target price of $23.25.
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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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