Ardelyx, Inc. (NASDAQ:ARDX – Get Free Report) CEO Michael Raab sold 2,743 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $4.90, for a total transaction of $13,440.70. Following the sale, the chief executive officer now owns 1,207,365 shares in the company, valued at approximately $5,916,088.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Michael Raab also recently made the following trade(s):
- On Monday, October 28th, Michael Raab sold 25,000 shares of Ardelyx stock. The stock was sold at an average price of $5.91, for a total value of $147,750.00.
- On Friday, October 11th, Michael Raab sold 7,500 shares of Ardelyx stock. The shares were sold at an average price of $6.01, for a total value of $45,075.00.
- On Thursday, September 26th, Michael Raab sold 3,000 shares of Ardelyx stock. The stock was sold at an average price of $6.07, for a total value of $18,210.00.
- On Wednesday, September 11th, Michael Raab sold 35,000 shares of Ardelyx stock. The shares were sold at an average price of $5.61, for a total transaction of $196,350.00.
- On Tuesday, August 27th, Michael Raab sold 7,500 shares of Ardelyx stock. The stock was sold at an average price of $6.22, for a total transaction of $46,650.00.
- On Tuesday, August 20th, Michael Raab sold 32,225 shares of Ardelyx stock. The stock was sold at an average price of $5.86, for a total transaction of $188,838.50.
Ardelyx Stock Down 6.2 %
Shares of ARDX traded down $0.30 during trading on Tuesday, reaching $4.59. The company’s stock had a trading volume of 6,130,715 shares, compared to its average volume of 4,952,909. The company has a quick ratio of 3.87, a current ratio of 4.03 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -16.32 and a beta of 0.92. Ardelyx, Inc. has a twelve month low of $3.49 and a twelve month high of $10.13. The company has a fifty day moving average of $6.01 and a two-hundred day moving average of $6.29.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several analysts have recently issued reports on ARDX shares. Wedbush reissued an “outperform” rating and set a $11.00 price objective on shares of Ardelyx in a research note on Friday, August 2nd. HC Wainwright cut Ardelyx from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $11.00 to $5.50 in a report on Monday. StockNews.com raised shares of Ardelyx from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Citigroup lowered their target price on Ardelyx from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.42.
Check Out Our Latest Stock Report on ARDX
About Ardelyx
Ardelyx, Inc, a biopharmaceutical company, discovers, develops, and commercializes medicines to treat gastrointestinal and cardiorenal therapeutic areas in the United States and internationally. The company’s lead product candidate is tenapanor for the treatment of patients with irritable bowel syndrome with constipation.
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