Roivant Sciences Ltd. (NASDAQ:ROIV) COO Sells $1,128,000.00 in Stock

Roivant Sciences Ltd. (NASDAQ:ROIV - Get Free Report) COO Eric Venker sold 100,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.28, for a total transaction of $1,128,000.00. Following the sale, the chief operating officer now directly owns 732,294 shares in the company, valued at approximately $8,260,276.32. The trade was a 12.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Eric Venker also recently made the following trade(s):

• On Monday, December 30th, Eric Venker sold 177,704 shares of Roivant Sciences stock. The shares were sold at an average price of $11.54, for a total value of $2,050,704.16.
• On Friday, December 27th, Eric Venker sold 176,900 shares of Roivant Sciences stock. The stock was sold at an average price of $11.82, for a total value of $2,090,958.00.
• On Friday, December 20th, Eric Venker sold 100,000 shares of Roivant Sciences stock. The shares were sold at an average price of $11.49, for a total value of $1,149,000.00.
• On Wednesday, November 20th, Eric Venker sold 100,000 shares of Roivant Sciences stock. The shares were sold at an average price of $11.32, for a total value of $1,132,000.00.

Roivant Sciences Trading Down 1.0 %

ROIV traded down $0.11 during midday trading on Wednesday, hitting $11.16. The company's stock had a trading volume of 3,451,499 shares, compared to its average volume of 4,690,415. Roivant Sciences Ltd. has a 52-week low of $9.69 and a 52-week high of $13.06. The firm has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $11.60. The firm has a market cap of $8.12 billion, a P/E ratio of 1.98 and a beta of 1.27.

Hedge Funds Weigh In On Roivant Sciences

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP acquired a new stake in shares of Roivant Sciences in the third quarter worth $35,000. Point72 Hong Kong Ltd purchased a new stake in Roivant Sciences during the 2nd quarter worth $36,000. US Bancorp DE increased its holdings in Roivant Sciences by 146.5% in the 3rd quarter. US Bancorp DE now owns 3,278 shares of the company's stock valued at $38,000 after purchasing an additional 1,948 shares in the last quarter. GAMMA Investing LLC raised its position in Roivant Sciences by 57.0% in the fourth quarter. GAMMA Investing LLC now owns 3,548 shares of the company's stock valued at $42,000 after purchasing an additional 1,288 shares during the period. Finally, Quarry LP acquired a new position in shares of Roivant Sciences during the second quarter worth about $53,000. Institutional investors and hedge funds own 64.76% of the company's stock.

Analyst Ratings Changes

Separately, HC Wainwright restated a "buy" rating and set a $18.00 price target on shares of Roivant Sciences in a report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.93.

About Roivant Sciences

Roivant Sciences Ltd., a commercial-stage biopharmaceutical company, engages in the development and commercialization of medicines for inflammation and immunology areas. The company provides Vants, a model to develop and commercialize its medicines and technologies focusing on biopharmaceutical businesses, discovery-stage companies, and health technology startups.

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