ARS Pharmaceuticals, Inc. (NASDAQ:SPRY - Get Free Report) insider Justin Chakma sold 27,272 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.06, for a total value of $328,900.32. Following the completion of the sale, the insider now owns 136,380 shares in the company, valued at approximately $1,644,742.80. This represents a 16.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Justin Chakma also recently made the following trade(s):
Shares of NASDAQ:SPRY traded down $0.74 during midday trading on Friday, hitting $11.90. The company's stock had a trading volume of 984,298 shares, compared to its average volume of 825,045. The stock's 50 day simple moving average is $14.62 and its 200 day simple moving average is $12.34. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -23.33 and a beta of 0.88. ARS Pharmaceuticals, Inc. has a fifty-two week low of $5.02 and a fifty-two week high of $18.51.
Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in ARS Pharmaceuticals by 861.5% during the second quarter. SG Americas Securities LLC now owns 111,592 shares of the company's stock valued at $950,000 after purchasing an additional 99,986 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in ARS Pharmaceuticals by 99.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 139,285 shares of the company's stock valued at $1,185,000 after buying an additional 69,394 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ARS Pharmaceuticals by 151.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,419 shares of the company's stock valued at $63,000 after acquiring an additional 4,472 shares during the period. FAS Wealth Partners Inc. raised its stake in ARS Pharmaceuticals by 11.9% during the second quarter. FAS Wealth Partners Inc. now owns 67,656 shares of the company's stock worth $576,000 after acquiring an additional 7,186 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of ARS Pharmaceuticals during the second quarter valued at $87,000. Institutional investors and hedge funds own 68.16% of the company's stock.
Several brokerages have recently commented on SPRY. Leerink Partners upped their target price on ARS Pharmaceuticals from $21.00 to $25.00 and gave the company an "outperform" rating in a report on Friday, September 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $30.00 price objective on shares of ARS Pharmaceuticals in a research note on Tuesday, October 8th. Finally, William Blair raised shares of ARS Pharmaceuticals to a "strong-buy" rating in a research report on Friday, August 30th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $24.00.
View Our Latest Research Report on SPRY
ARS Pharmaceuticals, Inc, a biopharmaceutical company, develops treatments for severe allergic reactions. The company is developing neffy, a needle-free and low-dose intranasal epinephrine nasal spray for the emergency treatment of Type I allergic reactions, including anaphylaxis. It serves healthcare professionals, patients, and caregivers.
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