Emerald Advisers LLC lifted its position in shares of KalVista Pharmaceuticals, Inc. (NASDAQ:KALV - Free Report) by 7.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 898,190 shares of the specialty pharmaceutical company's stock after buying an additional 62,140 shares during the period. Emerald Advisers LLC owned about 1.81% of KalVista Pharmaceuticals worth $10,365,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Boxer Capital Management LLC acquired a new stake in shares of KalVista Pharmaceuticals in the fourth quarter valued at approximately $13,467,000. Octagon Capital Advisors LP acquired a new stake in shares of KalVista Pharmaceuticals in the fourth quarter valued at approximately $11,604,000. Frazier Life Sciences Management L.P. lifted its position in shares of KalVista Pharmaceuticals by 32.5% in the fourth quarter. Frazier Life Sciences Management L.P. now owns 4,887,867 shares of the specialty pharmaceutical company's stock valued at $41,400,000 after buying an additional 1,200,000 shares during the last quarter. Stempoint Capital LP acquired a new stake in shares of KalVista Pharmaceuticals in the fourth quarter valued at approximately $8,409,000. Finally, Vestal Point Capital LP lifted its position in shares of KalVista Pharmaceuticals by 19.3% in the fourth quarter. Vestal Point Capital LP now owns 4,770,000 shares of the specialty pharmaceutical company's stock valued at $40,402,000 after buying an additional 770,000 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on KALV shares. HC Wainwright raised their price objective on KalVista Pharmaceuticals from $20.00 to $27.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $28.00 target price on shares of KalVista Pharmaceuticals in a report on Tuesday, April 8th. Jones Trading reaffirmed a "buy" rating and set a $30.00 target price on shares of KalVista Pharmaceuticals in a report on Wednesday, March 26th. Leerink Partners boosted their target price on KalVista Pharmaceuticals from $18.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 7th. Finally, JMP Securities boosted their price objective on KalVista Pharmaceuticals from $19.00 to $27.00 and gave the stock a "market outperform" rating in a report on Tuesday, July 8th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $26.29.
Read Our Latest Stock Analysis on KALV
KalVista Pharmaceuticals Stock Performance
Shares of KALV traded up $0.62 during mid-day trading on Wednesday, reaching $15.79. The company had a trading volume of 1,199,349 shares, compared to its average volume of 578,725. The firm has a 50-day moving average price of $12.74 and a 200 day moving average price of $11.37. KalVista Pharmaceuticals, Inc. has a 52 week low of $7.30 and a 52 week high of $16.32. The company has a market capitalization of $788.71 million, a price-to-earnings ratio of -4.28 and a beta of -0.04.
KalVista Pharmaceuticals (NASDAQ:KALV - Get Free Report) last announced its earnings results on Thursday, July 10th. The specialty pharmaceutical company reported ($3.69) earnings per share for the quarter, missing analysts' consensus estimates of ($0.83) by ($2.86). During the same quarter last year, the firm posted ($1.07) EPS. As a group, research analysts forecast that KalVista Pharmaceuticals, Inc. will post -3.56 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Benjamin L. Palleiko sold 32,979 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $15.69, for a total transaction of $517,440.51. Following the sale, the chief executive officer directly owned 369,595 shares in the company, valued at approximately $5,798,945.55. This represents a 8.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul K. Audhya sold 2,776 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.84, for a total transaction of $32,867.84. Following the completion of the sale, the insider directly owned 106,611 shares of the company's stock, valued at approximately $1,262,274.24. The trade was a 2.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,878 shares of company stock valued at $723,617 in the last three months. Insiders own 10.50% of the company's stock.
KalVista Pharmaceuticals Company Profile
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Free Report)
KalVista Pharmaceuticals, Inc, a clinical stage pharmaceutical company, engages in the discovery, development, and commercialization of drug therapies inhibitors for diseases with unmet needs. The company's product candidate is Sebetralstat, a small molecule plasma kallikrein inhibitor targeting the disease of hereditary angioedema (HAE).
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