Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX - Get Free Report) Director Blake Borgeson sold 11,447 shares of Recursion Pharmaceuticals stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $6.72, for a total value of $76,923.84. Following the sale, the director now directly owns 7,077,560 shares of the company's stock, valued at approximately $47,561,203.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Blake Borgeson also recently made the following trade(s):
- On Tuesday, October 15th, Blake Borgeson sold 11,447 shares of Recursion Pharmaceuticals stock. The stock was sold at an average price of $6.67, for a total value of $76,351.49.
- On Tuesday, October 1st, Blake Borgeson sold 11,447 shares of Recursion Pharmaceuticals stock. The shares were sold at an average price of $6.22, for a total transaction of $71,200.34.
- On Tuesday, September 17th, Blake Borgeson sold 11,447 shares of Recursion Pharmaceuticals stock. The stock was sold at an average price of $6.84, for a total transaction of $78,297.48.
- On Tuesday, September 3rd, Blake Borgeson sold 11,447 shares of Recursion Pharmaceuticals stock. The shares were sold at an average price of $6.27, for a total transaction of $71,772.69.
- On Tuesday, August 20th, Blake Borgeson sold 11,447 shares of Recursion Pharmaceuticals stock. The stock was sold at an average price of $7.12, for a total value of $81,502.64.
- On Tuesday, August 6th, Blake Borgeson sold 11,447 shares of Recursion Pharmaceuticals stock. The shares were sold at an average price of $6.82, for a total transaction of $78,068.54.
Recursion Pharmaceuticals Stock Performance
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Shares of RXRX stock opened at $6.32 on Friday. The stock has a market cap of $1.78 billion, a P/E ratio of -3.90 and a beta of 0.80. The company has a fifty day moving average price of $6.66 and a two-hundred day moving average price of $7.65. Recursion Pharmaceuticals, Inc. has a one year low of $4.97 and a one year high of $15.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.07 and a quick ratio of 6.07.
Recursion Pharmaceuticals (NASDAQ:RXRX - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.05). Recursion Pharmaceuticals had a negative return on equity of 79.47% and a negative net margin of 755.37%. The business had revenue of $14.42 million for the quarter, compared to the consensus estimate of $11.96 million. During the same quarter in the previous year, the business posted ($0.38) EPS. The company's revenue for the quarter was up 30.9% on a year-over-year basis. As a group, equities analysts predict that Recursion Pharmaceuticals, Inc. will post -1.58 EPS for the current year.
Institutional Investors Weigh In On Recursion Pharmaceuticals
A number of large investors have recently added to or reduced their stakes in RXRX. Perceptive Advisors LLC bought a new position in Recursion Pharmaceuticals during the second quarter worth $5,769,000. Capstone Investment Advisors LLC bought a new stake in shares of Recursion Pharmaceuticals during the 1st quarter worth about $161,000. Benjamin F. Edwards & Company Inc. grew its stake in Recursion Pharmaceuticals by 6,439.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 169,900 shares of the company's stock valued at $1,274,000 after buying an additional 167,302 shares during the last quarter. Scientech Research LLC bought a new position in Recursion Pharmaceuticals in the 2nd quarter valued at about $1,052,000. Finally, Ghisallo Capital Management LLC acquired a new stake in Recursion Pharmaceuticals during the second quarter worth approximately $8,250,000. Institutional investors own 89.06% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on RXRX shares. Leerink Partners dropped their target price on Recursion Pharmaceuticals from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Tuesday, September 3rd. Jefferies Financial Group lowered their price objective on shares of Recursion Pharmaceuticals from $8.00 to $6.00 and set a "hold" rating on the stock in a report on Tuesday, September 3rd. KeyCorp reduced their target price on shares of Recursion Pharmaceuticals from $16.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, July 11th. Finally, Needham & Company LLC lowered their price target on shares of Recursion Pharmaceuticals from $16.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9.40.
Read Our Latest Analysis on Recursion Pharmaceuticals
About Recursion Pharmaceuticals
(
Get Free Report)
Recursion Pharmaceuticals, Inc operates as a clinical-stage biotechnology company, engages in the decoding biology by integrating technological innovations across biology, chemistry, automation, data science, and engineering to industrialize drug discovery. The company develops REC-994, which is in Phase 2 clinical trial to treat cerebral cavernous malformation; REC-2282, which is in Phase 2/3 clinical trial for the treatment of neurofibromatosis type 2; REC-4881, which is in Phase 1b/2 clinical trial to treat familial adenomatous polyposis; REC-3964, which is in Phase 1 clinical trial to treat Clostridioides difficile infection; and REC-4881, which is in Phase 2 clinical trial to treat AXIN1 or APC mutant cancers.
Further Reading
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