Halozyme Therapeutics, Inc. (NASDAQ:HALO – Get Rating) CEO Helen Torley sold 10,000 shares of the company's stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $52.41, for a total value of $524,100.00. Following the sale, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $30,773,946.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Helen Torley also recently made the following trade(s):

• On Thursday, December 15th, Helen Torley sold 10,000 shares of Halozyme Therapeutics stock. The stock was sold at an average price of $57.37, for a total value of $573,700.00.
• On Thursday, November 17th, Helen Torley sold 10,000 shares of Halozyme Therapeutics stock. The shares were sold at an average price of $52.15, for a total value of $521,500.00.

Halozyme Therapeutics Stock Down 2.6 %

Shares of HALO stock traded down $1.35 on Thursday, reaching $51.32. 1,327,579 shares of the stock were exchanged, compared to its average volume of 1,563,240. The company has a current ratio of 5.97, a quick ratio of 5.03 and a debt-to-equity ratio of 15.37. The business's 50 day moving average price is $55.40 and its 200 day moving average price is $48.23. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 0.65 and a beta of 1.23. Halozyme Therapeutics, Inc. has a twelve month low of $31.36 and a twelve month high of $59.46.

Hedge Funds Weigh In On Halozyme Therapeutics

Large investors have recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. acquired a new position in Halozyme Therapeutics in the third quarter valued at $2,220,000. First Horizon Advisors Inc. boosted its stake in Halozyme Therapeutics by 188.8% in the second quarter. First Horizon Advisors Inc. now owns 722 shares of the biopharmaceutical company's stock valued at $32,000 after acquiring an additional 472 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Halozyme Therapeutics by 223.6% in the second quarter. Meeder Asset Management Inc. now owns 741 shares of the biopharmaceutical company's stock valued at $33,000 after buying an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Halozyme Therapeutics in the second quarter valued at about $35,000. Finally, Selective Wealth Management Inc. purchased a new stake in shares of Halozyme Therapeutics in the second quarter valued at about $44,000. Institutional investors and hedge funds own 96.32% of the company's stock.

Wall Street Analyst Weigh In

HALO has been the subject of a number of analyst reports. SVB Leerink lowered their price objective on Halozyme Therapeutics from $62.00 to $61.00 and set an "outperform" rating for the company in a research report on Wednesday, January 11th. Wells Fargo & Company initiated coverage on shares of Halozyme Therapeutics in a research report on Monday, November 28th. They issued an "overweight" rating and a $65.00 price objective on the stock. Benchmark lifted their price objective on shares of Halozyme Therapeutics from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, December 8th. JPMorgan Chase & Co. boosted their target price on shares of Halozyme Therapeutics from $53.00 to $54.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 22nd. Finally, JMP Securities boosted their target price on shares of Halozyme Therapeutics from $60.00 to $62.00 and gave the stock a "market outperform" rating in a research note on Wednesday, November 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.63.

About Halozyme Therapeutics

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Halozyme Therapeutics, Inc operates as a biopharma technology platform company in the United States, Switzerland, Ireland, Belgium, Japan, and internationally. The company's products are based on the ENHANZE drug delivery technology, a patented recombinant human hyaluronidase enzyme (rHuPH20) that enables the subcutaneous delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules, as well as small molecules and fluids.

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