Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) CFO Gina Consylman sold 1,510 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $11.00, for a total transaction of $16,610.00. Following the completion of the sale, the chief financial officer now directly owns 174,768 shares of the company’s stock, valued at approximately $1,922,448. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Gina Consylman also recently made the following trade(s):
- On Friday, August 16th, Gina Consylman sold 212 shares of Ironwood Pharmaceuticals stock. The shares were sold at an average price of $9.04, for a total transaction of $1,916.48.
IRWD traded up $0.07 during trading on Thursday, hitting $11.45. 19,100 shares of the stock traded hands, compared to its average volume of 1,272,481. The firm has a market capitalization of $1.74 billion, a P/E ratio of -11.97 and a beta of 1.80. The firm has a 50-day moving average of $9.35 and a 200 day moving average of $10.07. Ironwood Pharmaceuticals, Inc. has a 12-month low of $7.91 and a 12-month high of $15.21.
A number of equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Ironwood Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. BidaskClub raised shares of Ironwood Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Cowen set a $12.00 price objective on shares of Ironwood Pharmaceuticals and gave the company a “hold” rating in a research note on Friday, September 13th. Finally, Wedbush upped their price objective on shares of Ironwood Pharmaceuticals from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Ironwood Pharmaceuticals presently has an average rating of “Hold” and a consensus target price of $14.50.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signition LP purchased a new stake in Ironwood Pharmaceuticals during the 3rd quarter valued at $100,000. Grimes & Company Inc. purchased a new stake in Ironwood Pharmaceuticals during the 3rd quarter valued at $147,000. California Public Employees Retirement System boosted its position in Ironwood Pharmaceuticals by 23.7% during the 3rd quarter. California Public Employees Retirement System now owns 284,642 shares of the biotechnology company’s stock valued at $2,444,000 after buying an additional 54,536 shares during the period. Diamond Hill Capital Management Inc. boosted its position in Ironwood Pharmaceuticals by 95.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 20,512 shares of the biotechnology company’s stock valued at $176,000 after buying an additional 10,000 shares during the period. Finally, First Quadrant L P CA purchased a new stake in Ironwood Pharmaceuticals during the 3rd quarter valued at $358,000.
About Ironwood Pharmaceuticals
Ironwood Pharmaceuticals, Inc, a commercial biotechnology company, engages in the research, development, and commercialization of human therapeutic products. The company markets linaclotide, a guanylate cyclase type-C agonist for the treatment of adults suffering from irritable bowel syndrome with constipation (IBS-C) or chronic idiopathic constipation (CIC) under the LINZESS name in the United States and CONSTELLA name in the European Union; MD-7246, an oral, intestinal, non-opioid, pain-relieving agent for patients suffering from IBS with diarrhea; and IW 3718, a gastric retentive formulation of a bile acid sequestrant, which is in Phase III clinical trials for the treatment of GERD.
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