Arvinas (NASDAQ:ARVN – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.97) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.45, Briefing.com reports. The business had revenue of $25.30 million during the quarter, compared to analyst estimates of $32.94 million. Arvinas had a negative net margin of 185.09% and a negative return on equity of 70.24%. Arvinas’s quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.54) EPS.
Arvinas Stock Performance
Shares of ARVN opened at $34.33 on Wednesday. The company has a 50-day simple moving average of $39.27 and a 200-day simple moving average of $35.57. The firm has a market capitalization of $2.35 billion, a P/E ratio of -5.28 and a beta of 1.95. Arvinas has a 52 week low of $13.57 and a 52 week high of $53.08.
Insider Activity
In other news, CEO John G. Houston sold 5,196 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $47.05, for a total transaction of $244,471.80. Following the completion of the transaction, the chief executive officer now owns 1,036,681 shares of the company’s stock, valued at $48,775,841.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Ronald Peck sold 1,699 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $47.05, for a total transaction of $79,937.95. Following the completion of the sale, the insider now owns 67,516 shares of the company’s stock, valued at $3,176,627.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John G. Houston sold 5,196 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $47.05, for a total transaction of $244,471.80. Following the sale, the chief executive officer now directly owns 1,036,681 shares of the company’s stock, valued at approximately $48,775,841.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,597 shares of company stock valued at $404,489. Insiders own 5.23% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on ARVN
Arvinas Company Profile
Arvinas, Inc, a clinical-stage biotechnology company, engages in the discovery, development, and commercialization of therapies to degrade disease-causing proteins. The company engineers proteolysis targeting chimeras (PROTAC) targeted protein degraders that are designed to harness the body's own natural protein disposal system to degrade and remove disease-causing proteins.
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