SG Americas Securities LLC Increases Position in Soleno Therapeutics, Inc. $SLNO

SG Americas Securities LLC increased its holdings in Soleno Therapeutics, Inc. (NASDAQ:SLNOFree Report) by 171.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,198 shares of the company’s stock after purchasing an additional 25,412 shares during the quarter. SG Americas Securities LLC owned 0.07% of Soleno Therapeutics worth $1,861,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SLNO. Wellington Management Group LLP increased its position in shares of Soleno Therapeutics by 272.3% in the third quarter. Wellington Management Group LLP now owns 2,312,095 shares of the company’s stock valued at $156,298,000 after buying an additional 1,691,057 shares in the last quarter. Braidwell LP purchased a new position in Soleno Therapeutics in the 3rd quarter valued at about $86,662,000. Invesco Ltd. lifted its position in shares of Soleno Therapeutics by 132.3% in the third quarter. Invesco Ltd. now owns 1,500,525 shares of the company’s stock valued at $101,435,000 after acquiring an additional 854,551 shares in the last quarter. Commodore Capital LP lifted its holdings in Soleno Therapeutics by 121.3% in the 3rd quarter. Commodore Capital LP now owns 1,350,000 shares of the company’s stock valued at $91,260,000 after purchasing an additional 740,000 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Soleno Therapeutics by 348.4% in the third quarter. Franklin Resources Inc. now owns 835,751 shares of the company’s stock worth $56,497,000 after buying an additional 649,349 shares in the last quarter. Hedge funds and other institutional investors own 97.42% of the company’s stock.

Soleno Therapeutics Price Performance

SLNO opened at $39.49 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.55 and a current ratio of 5.80. Soleno Therapeutics, Inc. has a one year low of $29.43 and a one year high of $90.32. The business’s 50-day simple moving average is $37.80 and its 200-day simple moving average is $47.85. The stock has a market capitalization of $2.04 billion, a P/E ratio of 171.70 and a beta of -2.81.

Soleno Therapeutics (NASDAQ:SLNOGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.16. The firm had revenue of $91.73 million during the quarter, compared to analyst estimates of $88.55 million. Analysts anticipate that Soleno Therapeutics, Inc. will post -3.72 EPS for the current year.

Soleno Therapeutics News Summary

Here are the key news stories impacting Soleno Therapeutics this week:

Analysts Set New Price Targets

A number of research firms have weighed in on SLNO. Wells Fargo & Company lowered their price objective on Soleno Therapeutics from $114.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Robert W. Baird set a $107.00 price target on Soleno Therapeutics in a report on Tuesday, January 13th. Zacks Research downgraded shares of Soleno Therapeutics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Oppenheimer dropped their target price on Soleno Therapeutics from $110.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, March 18th. Finally, Wall Street Zen downgraded shares of Soleno Therapeutics from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.00.

Read Our Latest Research Report on SLNO

About Soleno Therapeutics

(Free Report)

Soleno Therapeutics, Inc is a clinical‐stage biopharmaceutical company focused on the development and commercialization of therapies for rare and orphan diseases. Headquartered in Redwood City, California, Soleno leverages a precision medicine approach to identify and advance small‐molecule treatments that address underlying genetic and metabolic dysfunctions. The company’s scientific strategy centers on repurposing and reformulating existing compounds to maximize therapeutic benefit in underserved patient populations.

The company’s lead candidate, diazoxide choline controlled release (DCCR), is being investigated for the treatment of Prader-Willi syndrome (PWS), a complex neurodevelopmental disorder characterized by insatiable appetite, hormonal imbalances and behavioral challenges.

Featured Stories

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Institutional Ownership by Quarter for Soleno Therapeutics (NASDAQ:SLNO)

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