A Director at Xoma Corp (NASDAQ: XOMA) is Selling Shares

By Carrie Williams

Today, a Director at Xoma Corp (XOMAResearch Report), Denman Van-Ness, sold shares of XOMA for $1,911.

Following Denman Van-Ness’ last XOMA Sell transaction on December 21, 2018, the stock climbed by 3.3%.

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Based on Xoma Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $8.13 million and quarterly net profit of $1.88 million. In comparison, last year the company earned revenue of $463K and had a GAAP net loss of $3.81 million. Currently, Xoma Corp has an average volume of 62.18K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $27.50, reflecting a 85.6% upside.

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XOMA Corp. engages in the discovery and development of innovative therapeutics derived from platform of antibody technologies. Its products includes X358, X213, X129, and gevokizumab. The company was founded by Patrick J. Scannon in 1981 and is headquartered in Emeryville, CA.