Antonio Gualberto Sells 18,000 Shares of Kura Oncology Inc (NASDAQ:KURA) Stock

Kura Oncology Inc (NASDAQ:KURA) insider Antonio Gualberto sold 18,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $21.11, for a total transaction of $379,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Kura Oncology stock traded down $0.32 during mid-day trading on Friday, hitting $20.15. 332,873 shares of the stock were exchanged, compared to its average volume of 257,104. Kura Oncology Inc has a twelve month low of $10.20 and a twelve month high of $22.00. The company has a market cap of $796.91 million, a PE ratio of -11.72 and a beta of 2.51. The stock has a 50-day moving average of $18.35. The company has a quick ratio of 13.80, a current ratio of 13.80 and a debt-to-equity ratio of 0.05.

Kura Oncology (NASDAQ:KURA) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. As a group, equities research analysts expect that Kura Oncology Inc will post -1.71 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in Kura Oncology by 59.1% in the fourth quarter. Rhumbline Advisers now owns 37,118 shares of the company’s stock valued at $521,000 after buying an additional 13,781 shares in the last quarter. California Public Employees Retirement System increased its holdings in Kura Oncology by 228.6% in the fourth quarter. California Public Employees Retirement System now owns 153,300 shares of the company’s stock valued at $2,152,000 after buying an additional 106,641 shares in the last quarter. BlackRock Inc. increased its holdings in Kura Oncology by 0.6% in the fourth quarter. BlackRock Inc. now owns 2,409,979 shares of the company’s stock valued at $33,836,000 after buying an additional 13,842 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Kura Oncology by 8.2% in the fourth quarter. Bank of New York Mellon Corp now owns 121,473 shares of the company’s stock valued at $1,706,000 after buying an additional 9,218 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of Kura Oncology by 129.8% in the fourth quarter. Citigroup Inc. now owns 111,977 shares of the company’s stock valued at $1,572,000 after purchasing an additional 63,241 shares during the period. 83.93% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on KURA. BidaskClub cut shares of Xperi from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 19th. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Citigroup set a $27.00 price objective on shares of PhaseBio Pharmaceuticals and gave the company a “buy” rating in a research note on Friday, May 24th. HC Wainwright set a $31.00 price objective on shares of Kura Oncology and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, ValuEngine raised shares of United Overseas Bank from a “sell” rating to a “hold” rating in a research note on Monday, June 17th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.00.

Kura Oncology Company Profile

Kura Oncology, Inc, a clinical-stage biopharmaceutical company, develops medicines for the treatment of cancer. Its pipeline consists of small molecule product candidates that target cancer. The company's lead product candidate is Tipifarnib, an oral farnesyl transferase inhibitor that is in Phase II clinical trials for the treatment of solid tumors, peripheral T-cell lymphomas, myelodysplastic syndromes, acute myeloid leukemia, and chronic myelomonocytic leukemia.

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