Paula Ragan Sells 76,473 Shares of X4 Pharmaceuticals, Inc. (NASDAQ:XFOR) Stock

X4 Pharmaceuticals, Inc. (NASDAQ:XFORGet Free Report) CEO Paula Ragan sold 76,473 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $0.45, for a total value of $34,412.85. Following the completion of the sale, the chief executive officer now owns 1,087,386 shares of the company’s stock, valued at approximately $489,323.70. This represents a 6.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

X4 Pharmaceuticals Price Performance

XFOR opened at $0.48 on Wednesday. The business’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.61. X4 Pharmaceuticals, Inc. has a 1 year low of $0.26 and a 1 year high of $1.60. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.89 and a quick ratio of 4.80. The firm has a market capitalization of $82.17 million, a PE ratio of -5.35 and a beta of 0.14.

Hedge Funds Weigh In On X4 Pharmaceuticals

Several institutional investors and hedge funds have recently added to or reduced their stakes in XFOR. Verition Fund Management LLC purchased a new position in X4 Pharmaceuticals in the third quarter valued at about $30,000. SG Americas Securities LLC purchased a new stake in shares of X4 Pharmaceuticals during the third quarter worth about $37,000. XTX Topco Ltd purchased a new stake in shares of X4 Pharmaceuticals during the second quarter worth about $65,000. Rhumbline Advisers grew its stake in shares of X4 Pharmaceuticals by 14.6% during the second quarter. Rhumbline Advisers now owns 187,246 shares of the company’s stock worth $109,000 after acquiring an additional 23,831 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of X4 Pharmaceuticals by 103.4% during the third quarter. Jane Street Group LLC now owns 248,447 shares of the company’s stock worth $166,000 after acquiring an additional 126,296 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stifel Nicolaus decreased their target price on X4 Pharmaceuticals from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. HC Wainwright restated a “buy” rating and set a $1.50 price target on shares of X4 Pharmaceuticals in a research note on Tuesday, January 14th.

Check Out Our Latest Report on X4 Pharmaceuticals

X4 Pharmaceuticals Company Profile

(Get Free Report)

X4 Pharmaceuticals, Inc, a late-stage clinical biopharmaceutical company, focuses on the research, development, and commercialization of novel therapeutics for the treatment of rare diseases. Its lead product candidate is mavorixafor, a small molecule inhibitor of the chemokine receptor C-X-C chemokine receptor type 4 (CXCR4), which is in Phase III clinical trial for the treatment of patients with warts, hypogammaglobulinemia, infections, and myelokathexis syndrome; and Phase II clinical trial to treat congenital, idiopathic, or cyclic neutropenia.

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