Insider Selling: United Therapeutics EVP Sells 10,000 Shares of Stock (UTHR)
United Therapeutics (NASDAQ:UTHR) EVP Paul A. Mahon unloaded 10,000 shares of the stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $88.41, for a total transaction of $884,100.00. Following the transaction, the executive vice president now directly owns 34,832 shares of the company’s stock, valued at approximately $3,079,497. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on UTHR shares. Analysts at Wedbush raised their price target on shares of United Therapeutics from $119.00 to $133.00 in a research note on Thursday, July 31st. Separately, analysts at RBC Capital raised their price target on shares of United Therapeutics from $90.00 to $93.00 in a research note on Thursday, July 31st. Finally, analysts at HC Wainwright raised their price target on shares of United Therapeutics from $120.00 to $150.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $102.21.
United Therapeutics (NASDAQ:UTHR) traded up 2.26% during mid-day trading on Friday, hitting $91.79. The stock had a trading volume of 571,332 shares. United Therapeutics has a 1-year low of $70.34 and a 1-year high of $116.65. The stock’s 50-day moving average is $90.90 and its 200-day moving average is $95.98. The company has a market cap of $4.339 billion and a P/E ratio of 17.34.
United Therapeutics (NASDAQ:UTHR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.82. The company had revenue of $322.80 million for the quarter, compared to the consensus estimate of $308.04 million. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, analysts predict that United Therapeutics will post $8.55 earnings per share for the current fiscal year.
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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