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Insider Selling: Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) COO Sells 65,902 Shares of Stock

Aurinia Pharmaceuticals logo with Medical background
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Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH - Get Free Report) TSE: AUP COO Matthew Maxwell Donley sold 65,902 shares of Aurinia Pharmaceuticals stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.00, for a total value of $527,216.00. Following the completion of the sale, the chief operating officer now directly owns 739,456 shares of the company's stock, valued at approximately $5,915,648. This represents a 8.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Aurinia Pharmaceuticals Trading Down 0.5 %

Aurinia Pharmaceuticals stock traded down $0.04 during midday trading on Friday, reaching $8.15. The stock had a trading volume of 1,152,887 shares, compared to its average volume of 1,481,486. Aurinia Pharmaceuticals Inc. has a twelve month low of $4.71 and a twelve month high of $10.67. The stock has a market capitalization of $1.17 billion, a PE ratio of -54.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.11 and a current ratio of 5.60. The stock's 50-day simple moving average is $8.08 and its 200 day simple moving average is $7.87.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Aurinia Pharmaceuticals from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th.

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Get Our Latest Research Report on Aurinia Pharmaceuticals

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUPH. Tang Capital Management LLC boosted its holdings in Aurinia Pharmaceuticals by 16.6% in the fourth quarter. Tang Capital Management LLC now owns 8,429,500 shares of the biotechnology company's stock valued at $75,697,000 after acquiring an additional 1,200,000 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Aurinia Pharmaceuticals during the fourth quarter worth about $9,662,000. Point72 Asset Management L.P. acquired a new position in shares of Aurinia Pharmaceuticals during the fourth quarter worth about $7,630,000. Lazard Asset Management LLC lifted its stake in shares of Aurinia Pharmaceuticals by 341.9% during the fourth quarter. Lazard Asset Management LLC now owns 596,389 shares of the biotechnology company's stock worth $5,355,000 after purchasing an additional 461,430 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Aurinia Pharmaceuticals during the third quarter worth about $3,330,000. Institutional investors and hedge funds own 36.83% of the company's stock.

About Aurinia Pharmaceuticals

(Get Free Report)

Aurinia Pharmaceuticals Inc, a commercial-stage biopharmaceutical company, focuses on developing and commercializing therapies to treat various diseases with unmet medical need in the United States. It offers LUPKYNIS for the treatment of adult patients with active lupus nephritis. It has a collaboration and license agreement with Otsuka Pharmaceutical Co, Ltd.

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