Biohaven (NYSE:BHVN – Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($3.64) EPS for the quarter, missing the consensus estimate of ($1.72) by ($1.92), Zacks reports.
Biohaven Stock Performance
Shares of BHVN traded up $2.29 during trading hours on Friday, reaching $38.91. 854,535 shares of the company traded hands, compared to its average volume of 1,216,025. The stock’s fifty day moving average is $35.65 and its 200 day moving average is $42.77. Biohaven has a 1-year low of $16.45 and a 1-year high of $62.21. The stock has a market cap of $3.44 billion, a P/E ratio of -5.70 and a beta of 1.32.
Insider Activity at Biohaven
In related news, Director John W. Childs acquired 28,500 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $35.17 per share, with a total value of $1,002,345.00. Following the completion of the acquisition, the director now owns 2,283,341 shares of the company’s stock, valued at $80,305,102.97. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director John W. Childs bought 28,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average price of $35.58 per share, for a total transaction of $996,240.00. Following the transaction, the director now directly owns 2,311,341 shares of the company’s stock, valued at approximately $82,237,512.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Childs purchased 28,500 shares of Biohaven stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $35.17 per share, for a total transaction of $1,002,345.00. Following the completion of the transaction, the director now owns 2,283,341 shares of the company’s stock, valued at $80,305,102.97. The disclosure for this purchase can be found here. Insiders have bought 84,900 shares of company stock worth $3,011,613 over the last three months. Company insiders own 16.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Biohaven
About Biohaven
Biohaven Ltd., together with its subsidiaries, focuses on discovering, developing, and commercializing therapies for immunology, neuroscience, and oncology worldwide. The company's pipeline products include Troriluzole, which is in Phase 3 clinical trial for the treatment of neurological and neuropsychiatric illnesses; BHV-5500 that blocks glutamate signaling mediated by post-synaptic NMDA receptors; Taldefgrobep Alfa, which is in Phase 3 clinical trial for the treatment of spinal muscular atrophy and obesity; BHV-7000, a candidate in Phase 2/3 clinical trials for the treatment of focal and generalized epilepsy, bipolar disorder, and major depressive disorder; BHV-2100 that is in Phase 1 clinical trials for the treatment of migraines and neuropathic pain; and BHV-8000, a product candidate in Phase 1 clinical trials for the treatment of early Alzheimer's and Parkinson's disease, sclerosis, and amyloid-related imaging abnormalities.
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