vTv Therapeutics Inc (VTVT) Major Shareholder Ronald O. Perelman Buys 1,879,699 Shares

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vTv Therapeutics Inc (NASDAQ:VTVT) major shareholder Ronald O. Perelman bought 1,879,699 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average price of $1.33 per share, for a total transaction of $2,499,999.67. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of vTv Therapeutics stock traded up $0.01 on Thursday, hitting $2.65. 7,431 shares of the company’s stock traded hands, compared to its average volume of 2,473,926. The firm has a market cap of $90.48 million, a price-to-earnings ratio of -1.59 and a beta of -3.71. vTv Therapeutics Inc has a one year low of $0.65 and a one year high of $8.40.

Separately, Zacks Investment Research lowered vTv Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. vTv Therapeutics has an average rating of “Hold” and a consensus price target of $13.29.

An institutional investor recently raised its position in vTv Therapeutics stock. JPMorgan Chase & Co. boosted its position in vTv Therapeutics Inc (NASDAQ:VTVT) by 55.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 327,728 shares of the biotechnology company’s stock after acquiring an additional 117,513 shares during the period. JPMorgan Chase & Co. owned 1.00% of vTv Therapeutics worth $1,333,000 as of its most recent SEC filing. 2.34% of the stock is currently owned by hedge funds and other institutional investors.

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vTv Therapeutics Company Profile

vTv Therapeutics Inc, a clinical-stage biopharmaceutical company, discovers, develops, and sells orally administered small molecule drug candidates worldwide. The company's drug candidates comprise azeliragon (TTP488), an orally administered, small molecule antagonist targeting the receptor for advanced glycation endproducts, which is in Phase III clinical trials for the treatment of Alzheimer's disease.

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