Prothena Co. plc (NASDAQ:PRTA – Get Rating) Chief Financial Officer Tran Nguyen sold 7,320 shares of the company in a trade dated Friday July 22. The stock was sold at an average price of $32.55, for a total transaction of $238,266.00. Following the completion of the transaction, the CFO now owns 3,200 shares of the company, valued at $104,160. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink.

Tran Nguyen has also recently made the following trade(s):

• On Wednesday, July 20, Tran Nguyen sold 42,120 Prothena shares. The shares were sold at an average price of $32.49, for a total transaction of $1,368,478.80.

Prothena is trading down 5.6%

Shares of PRTA were down $1.85 at midday Friday, hitting $31.01. The stock recorded a trading volume of 593,743 shares, compared to an average volume of 424,547 shares. Prothena Co. plc has a fifty-two week low of $21.06 and a fifty-two week high of $79.75. The company has a 50-day simple moving average of $27.47 and a two-hundred-day simple moving average of $32.33. The company has a market capitalization of $1.45 billion, a P/E ratio of 25.42 and a beta of 1.30.

Prothena (NASDAQ:PRTA – Get Rating) last released its quarterly results on Thursday, May 5. The biotech company reported ($0.78) EPS for the quarter, beating the consensus estimate of ($0.85) by $0.07. The company posted revenue of $1.15 million in the quarter, versus $0.23 million expected by analysts. Prothena had a net margin of 33.45% and a return on equity of 16.02%. On average, analysts expect Prothena Co. plc to post earnings per share of -2.53 for the current financial year.

Institutional investors weigh in on Prothena

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A number of institutional investors have recently bought and sold shares of PRTA. Allegheny Financial Group LTD bought a new position in Prothena shares in the fourth quarter worth approximately $49,000. Spire Wealth Management increased its holdings in Prothena by 938.8% during the 4th quarter. Spire Wealth Management now owns 1,070 shares of the biotech company worth $53,000 after buying 967 additional shares in the last quarter. Lazard Asset Management LLC increased its stake in Prothena shares by 61.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,733 shares of the biotech company valued at $63,000 after acquiring 657 additional shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Prothena shares by 237.8% in Q4. Nisa Investment Advisors LLC now owns 3,479 shares of the biotech company valued at $119,000 after acquiring 2,449 additional shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Prothena shares in Q1 worth approximately $141,000. Institutional investors and hedge funds own 92.64% of the company’s shares.

A Wall Street analyst gives his opinion

Several stock analysts have commented on PRTA shares. StockNews.com took over coverage of Prothena shares in a Thursday, March 31 research note. They have set a “holding” rating on the stock. JMP Securities cut its price target on Prothena shares from $77.00 to $50.00 and set a “market outperformance” rating for the company in a Wednesday, May 25 research report. One equity research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Prothena Company Profile

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Prothena Corporation plc, a late-stage clinical company, is focused on the discovery and development of new therapies for life-threatening diseases in the United States. The company is involved in the development of birtamimab, an investigational humanized antibody that is in a phase III clinical trial for the treatment of AL amyloidosis; Prasinezumab, a humanized monoclonal antibody, which is in a phase IIb clinical trial for the treatment of Parkinson’s disease; PRX004 which has completed the Phase I clinical trial for the treatment of transthyretin amyloidosis; and PRX005, which is in a phase I clinical trial for the treatment of Alzheimer’s disease.

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