The Sr. V.P., Research & CSO of Xencor Inc is Exercising Options

By Carrie Williams

Today it was reported that the Sr. V.P., Research & CSO of Xencor Inc (NASDAQ: XNCR), John Desjarlais, exercised options to sell 35,000 XNCR shares at $4.25 a share, for a total transaction value of $1.41M.

Following John Desjarlais’ last XNCR Sell transaction on August 24, 2016, the stock climbed by 18.5%. In addition to John Desjarlais, 2 other XNCR executives reported Sell trades in the last month.

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Currently, Xencor Inc has an average volume of 183.2K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $51.00, reflecting a -21.3% downside.

The insider sentiment on Xencor Inc has been negative according to 23 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Xencor, Inc. engages in the development of engineered monoclonal antibody therapeutics to treat severe and life-threatening diseases. Its proprietary technology platform, XmAb, is used to create next-generation antibody product candidates designed to treat autoimmune and allergic diseases, cancer, and other conditions.