Denali Therapeutics Inc (NASDAQ:DNLI) insider Ryan J. Watts sold 18,334 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $18.09, for a total transaction of $331,662.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
NASDAQ DNLI traded up $1.29 during trading on Thursday, reaching $18.78. 688,500 shares of the stock traded hands, compared to its average volume of 378,975. The stock has a market cap of $1.58 billion and a P/E ratio of -3.19. Denali Therapeutics Inc has a fifty-two week low of $12.32 and a fifty-two week high of $25.79.
Denali Therapeutics (NASDAQ:DNLI) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.38) earnings per share (EPS) 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 analysts’ expectations of $3.00 million. On average, analysts forecast that Denali Therapeutics Inc will post -0.75 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of DNLI. BlackRock Inc. grew its holdings in Denali Therapeutics by 194.9% during the third quarter. BlackRock Inc. now owns 3,307,050 shares of the company’s stock valued at $71,896,000 after purchasing an additional 2,185,692 shares during the period. Jasper Ridge Partners L.P. acquired a new position in Denali Therapeutics during the second quarter valued at approximately $4,289,000. Millennium Management LLC acquired a new position in Denali Therapeutics during the second quarter valued at approximately $2,623,000. Northern Trust Corp acquired a new position in Denali Therapeutics during the first quarter valued at approximately $3,309,000. Finally, Baillie Gifford & Co. grew its holdings in Denali Therapeutics by 2.9% during the second quarter. Baillie Gifford & Co. now owns 5,344,633 shares of the company’s stock valued at $81,506,000 after purchasing an additional 151,787 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.
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Denali Therapeutics Company Profile
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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