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Pharmacyclics (NASDAQ:PCYC) COO Maky Zanganeh sold 12,000 shares of Pharmacyclics stock on the open market in a transaction dated Thursday, September 4th. The stock was sold at an average price of $121.75, for a total value of $1,461,000.00. Following the completion of the transaction, the chief operating officer now directly owns 210,311 shares in the company, valued at approximately $25,605,364. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Pharmacyclics (NASDAQ:PCYC) traded down 2.97% during mid-day trading on Thursday, hitting $119.30. The stock had a trading volume of 668,812 shares. Pharmacyclics has a 1-year low of $82.51 and a 1-year high of $154.89. The stock has a 50-day moving average of $116.2 and a 200-day moving average of $107.. The company has a market cap of $8.980 billion and a P/E ratio of 109.87.

Pharmacyclics (NASDAQ:PCYC) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.26) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.23) by $0.03. The company had revenue of $113.00 million for the quarter, compared to the consensus estimate of $95.88 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 106.6% on a year-over-year basis. On average, analysts predict that Pharmacyclics will post $0.36 earnings per share for the current fiscal year.

PCYC has been the subject of a number of recent research reports. Analysts at SunTrust initiated coverage on shares of Pharmacyclics in a research note on Thursday. They set a “neutral” rating on the stock. Separately, analysts at William Blair raised their price target on shares of Pharmacyclics from $150.00 to $180.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Pharmacyclics in a research note on Friday, August 1st. They now have a $180.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $155.33.

Pharmacyclics, Inc is a clinical-stage biopharmaceutical company focused on developing and commercializing small-molecule drugs for the treatment of cancer and immune mediated diseases.

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