Sime Armoyan Sells 2,500,000 Shares of Knight Therapeutics Inc. (TSE:GUD) Stock

Knight Therapeutics Inc. (TSE:GUD) insider Sime Armoyan sold 2,500,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of C$6.30, for a total transaction of C$15,750,000.00.

Sime Armoyan also recently made the following trade(s):

• On Wednesday, March 19th, Sime Armoyan sold 550,000 shares of Knight Therapeutics stock. The stock was sold at an average price of C$6.20, for a total transaction of C$3,410,000.00.
• On Monday, March 17th, Sime Armoyan sold 92,200 shares of Knight Therapeutics stock. The stock was sold at an average price of C$6.15, for a total value of C$567,030.00.
• On Thursday, March 13th, Sime Armoyan sold 1,100 shares of Knight Therapeutics stock. The shares were sold at an average price of C$6.10, for a total value of C$6,710.00.
• On Tuesday, March 4th, Sime Armoyan bought 17,600 shares of Knight Therapeutics stock. The stock was acquired at an average price of C$5.48 per share, with a total value of C$96,488.48.

Knight Therapeutics Trading Up 0.7 %

TSE GUD opened at C$6.01 on Wednesday. Knight Therapeutics Inc. has a 52 week low of C$5.09 and a 52 week high of C$6.45. The business has a 50 day moving average price of C$5.71 and a 200-day moving average price of C$5.59. The company has a quick ratio of 1.79, a current ratio of 3.36 and a debt-to-equity ratio of 7.52. The company has a market cap of C$607.91 million, a price-to-earnings ratio of -20.06, a P/E/G ratio of -1,013.50 and a beta of 0.50.

Analyst Ratings Changes

Several brokerages have recently commented on GUD. Stifel Nicolaus raised their price objective on shares of Knight Therapeutics from C$6.25 to C$7.45 and gave the stock a “buy” rating in a research report on Tuesday. Canaccord Genuity Group downgraded shares of Knight Therapeutics from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, Research Capitl upgraded shares of Knight Therapeutics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$7.48.

About Knight Therapeutics

Knight Therapeutics Inc develops, manufactures, acquires, in-licenses, out-licenses, markets, and distributes pharmaceutical and consumer health products, and medical devices worldwide. It offers Tafasitamab for relapsed or refractory diffuse large B-cell lymphoma; Pemigatinib for metastatic cholangiocarcinoma; Akynzeo for prevention of chemotherapy-induced acute and delayed nausea and vomiting; Aloxi for prevention of acute nausea and vomiting associated with emetogenic cancer chemotherapy; Fostamatinib for chronic immune thrombocytopenia; Nerlynx for extended adjuvant breast cancer and metastatic breast cancer; Trelstar for advanced prostate cancer; Vidaza for myelodysplastic syndrome; Abraxane for metastatic pancreatic cancer; Halaven for metastatic breast cancer and soft tissue sarcoma; and Lenvima for advanced renal cell cancer and for differentiated thyroid cancer and unresectable hepatocellular carcinoma.