Insider Selling: United Therapeutics Corp. EVP Sells 6,000 Shares of Stock (UTHR)
United Therapeutics Corp. (NASDAQ:UTHR) EVP Paul A. Mahon sold 6,000 shares of the stock on the open market in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $104.63, for a total value of $627,780.00. Following the transaction, the executive vice president now directly owns 34,490 shares of the company’s stock, valued at approximately $3,608,689. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of United Therapeutics Corp. (NASDAQ:UTHR) traded down 2.17% on Friday, hitting $103.34. 615,909 shares of the company’s stock traded hands. United Therapeutics Corp. has a one year low of $56.80 and a one year high of $116.65. The stock has a 50-day moving average of $105.5 and a 200-day moving average of $89.78. The company has a market cap of $5.190 billion and a price-to-earnings ratio of 19.19.
UTHR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of United Therapeutics Corp. from a “neutral” rating to an “outperform” rating in a research note on Friday, January 24th. They now have a $135.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of United Therapeutics Corp. from $120.00 to $130.00 in a research note on Tuesday, December 31st. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Jefferies Group raised their price target on shares of United Therapeutics Corp. from $76.00 to $91.00 in a research note on Tuesday, December 24th. They now have a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $91.07.
United Therapeutics Corporation is a biotechnology company focused on the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening conditions.
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