Cubist Pharmaceuticals COO Robert J. Perez Sells 10,000 Shares (CBST)
Cubist Pharmaceuticals (NASDAQ:CBST) COO Robert J. Perez sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $74.95, for a total transaction of $749,500.00. Following the completion of the transaction, the chief operating officer now directly owns 37,612 shares in the company, valued at approximately $2,819,019. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Cubist Pharmaceuticals from $82.00 to $85.00 in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cubist Pharmaceuticals in a research note to investors on Friday, December 27th. They now have a $70.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Cubist Pharmaceuticals from $78.00 to $82.00 in a research note to investors on Friday, December 20th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $68.27.
Cubist Pharmaceuticals (NASDAQ:CBST) traded up 0.19% on Wednesday, hitting $74.91. The stock had a trading volume of 1,098,204 shares. Cubist Pharmaceuticals has a one year low of $40.44 and a one year high of $74.80. The stock has a 50-day moving average of $67.05 and a 200-day moving average of $63.05. The company has a market cap of $5.548 billion and a price-to-earnings ratio of 194.21.
Cubist Pharmaceuticals, Inc (NASDAQ:CBST) is a biopharmaceutical company focused on the research, development and commercialization of therapies to treat serious medical conditions in acutely ill patients who are hospitalized or are being treated in other acute care settings.
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