vTv Therapeutics Inc (VTVT) Major Shareholder Purchases $2,500,004.32 in Stock

vTv Therapeutics Inc (NASDAQ:VTVT) major shareholder Ronald O. Perelman acquired 1,358,698 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were purchased at an average price of $1.84 per share, with a total value of $2,500,004.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

NASDAQ:VTVT opened at $1.59 on Friday. The stock has a market cap of $83.03 million, a P/E ratio of -2.30 and a beta of -3.79. vTv Therapeutics Inc has a 52-week low of $0.68 and a 52-week high of $6.09.

vTv Therapeutics (NASDAQ:VTVT) last posted its quarterly earnings data on Wednesday, May 1st. The biotechnology company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $0.92 million during the quarter. On average, analysts anticipate that vTv Therapeutics Inc will post -0.59 EPS for the current year.

A number of research analysts recently issued reports on the company. Northland Securities set a $3.00 price objective on vTv Therapeutics and gave the stock a “hold” rating in a report on Monday, March 18th. Zacks Investment Research upgraded vTv Therapeutics from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Tuesday, January 22nd.

Large investors have recently bought and sold shares of the stock. Wedbush Securities Inc. bought a new position in vTv Therapeutics in the first quarter valued at approximately $30,000. Barclays PLC grew its stake in vTv Therapeutics by 366.7% in the fourth quarter. Barclays PLC now owns 28,000 shares of the biotechnology company’s stock valued at $74,000 after purchasing an additional 22,000 shares in the last quarter. Morgan Stanley grew its stake in vTv Therapeutics by 147,061.5% in the first quarter. Morgan Stanley now owns 19,131 shares of the biotechnology company’s stock valued at $33,000 after purchasing an additional 19,118 shares in the last quarter. Sabby Management LLC bought a new position in vTv Therapeutics in the first quarter valued at approximately $382,000. Finally, D. E. Shaw & Co. Inc. bought a new position in vTv Therapeutics in the fourth quarter valued at approximately $186,000. Institutional investors and hedge funds own 1.16% of the company’s stock.

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About vTv Therapeutics

vTv Therapeutics Inc, a clinical-stage biopharmaceutical company, discovers and develops orally administered small molecule drug candidates to fill unmet medical needs. The company is developing Azeliragon, an orally administered, small molecule antagonist targeting the receptor for advanced glycation endproducts, which is in Phase II/III clinical trials for the treatment of mild Alzheimer's disease.

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