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Alkermes Plc (NASDAQ:ALKS) CFO James M. Frates unloaded 7,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $47.72, for a total transaction of $334,040.00. Following the transaction, the chief financial officer now directly owns 44,225 shares in the company, valued at approximately $2,110,417. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Alkermes Plc (NASDAQ:ALKS) traded down 1.20% on Wednesday, hitting $47.79. The stock had a trading volume of 861,796 shares. Alkermes Plc has a 52-week low of $26.47 and a 52-week high of $54.25. The stock’s 50-day moving average is $46.08 and its 200-day moving average is $45.4. The company’s market cap is $6.906 billion.

Alkermes Plc (NASDAQ:ALKS) last announced its earnings results on Wednesday, April 30th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.01. The company had revenue of $130.21 million for the quarter, compared to the consensus estimate of $135.79 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 20.3% on a year-over-year basis. On average, analysts predict that Alkermes Plc will post $0.49 earnings per share for the current fiscal year.

ALKS has been the subject of a number of recent research reports. Analysts at Jefferies Group initiated coverage on shares of Alkermes Plc in a research note on Friday, May 16th. They set a “buy” rating and a $53.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Alkermes Plc in a research note on Friday, May 2nd. They now have a $50.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Alkermes Plc from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $45.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.00.

Alkermes Public Limited Company is an integrated, global biopharmaceutical company. The Company has a portfolio of more than 20 commercial drug products and a clinical pipeline of product candidates that address central nervous system (NASDAQ:ALKS) disorders such as addiction, schizophrenia and depression.

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