Insider Selling: Alkermes Plc COO Sells 16,000 Shares of Stock (ALKS)
Alkermes Plc (NASDAQ:ALKS) COO Gordon G. Pugh unloaded 16,000 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $45.00, for a total value of $720,000.00. Following the completion of the transaction, the chief operating officer now directly owns 32,527 shares in the company, valued at approximately $1,463,715. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
ALKS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Alkermes Plc in a research note on Wednesday, August 6th. They now have a $45.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Alkermes Plc from $57.00 to $56.00 in a research note on Friday, August 1st. Finally, analysts at Mizuho cut their price target on shares of Alkermes Plc from $61.00 to $59.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $48.50.
Alkermes Plc (NASDAQ:ALKS) traded up 0.67% during mid-day trading on Wednesday, hitting $45.37. 490,336 shares of the company’s stock traded hands. Alkermes Plc has a one year low of $29.36 and a one year high of $54.25. The stock’s 50-day moving average is $44.69 and its 200-day moving average is $46.41. The company’s market cap is $6.616 billion.
Alkermes Plc (NASDAQ:ALKS) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.03. The company had revenue of $153.40 million for the quarter, compared to the consensus estimate of $146.91 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts predict that Alkermes Plc will post $0.27 earnings per share for the current fiscal year.
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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