Insider Buying: M Michelle Berrey Buys 14,065 Shares of Chimerix Stock (CMRX)
Chimerix (NASDAQ:CMRX) Insider M Michelle Berrey purchased 14,065 shares of Chimerix stock on the open market in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $14.22 per share, with a total value of $200,004.30. Following the completion of the acquisition, the insider now directly owns 83,271 shares in the company, valued at approximately $1,184,114. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Chimerix (NASDAQ:CMRX) traded up 10.02% during mid-day trading on Wednesday, hitting $19.65. 407,165 shares of the company’s stock traded hands. Chimerix has a 52 week low of $12.96 and a 52 week high of $27.69. The stock’s 50-day moving average is $18. and its 200-day moving average is $18.48. The company’s market cap is $529.9 million.
Chimerix (NASDAQ:CMRX) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.39) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.36) by $0.03. The company had revenue of $0.78 million for the quarter, compared to the consensus estimate of $0.85 million. During the same quarter last year, the company posted ($22.58) earnings per share. Analysts expect that Chimerix will post $-1.83 EPS for the current fiscal year.
A number of research firms have recently commented on CMRX. Analysts at Stifel Nicolaus initiated coverage on shares of Chimerix in a research note on Thursday, March 13th. They set a “buy” rating and a $34.00 price target on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Chimerix in a research note on Wednesday, March 12th. They now have a $34.00 price target on the stock.
Chimerix, Inc is a biopharmaceutical company committed to the discovery, development and commercialization of novel, oral antiviral therapeutics that are designed to transform patient care in areas of high unmet medical need.
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