Pacira Pharmaceuticals, Inc. (PCRX) CAO Sells $127,191.75 in Stock
Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) CAO Kristen Marie Williams sold 3,461 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $36.75, for a total value of $127,191.75. Following the transaction, the chief accounting officer now directly owns 21,312 shares in the company, valued at approximately $783,216. The transaction was disclosed in a filing with the SEC, which is available at this link.
Kristen Marie Williams also recently made the following trade(s):
- On Monday, June 5th, Kristen Marie Williams sold 1,877 shares of Pacira Pharmaceuticals stock. The stock was sold at an average price of $43.32, for a total value of $81,311.64.
Shares of Pacira Pharmaceuticals, Inc. (PCRX) traded down 2.96% during mid-day trading on Thursday, hitting $36.05. The stock had a trading volume of 634,079 shares. The company’s market cap is $1.45 billion. Pacira Pharmaceuticals, Inc. has a 52-week low of $29.95 and a 52-week high of $58.95. The stock has a 50 day moving average price of $43.76 and a 200-day moving average price of $45.31.
Pacira Pharmaceuticals (NASDAQ:PCRX) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $70.90 million during the quarter, compared to analyst estimates of $73.37 million. Pacira Pharmaceuticals had a negative return on equity of 12.44% and a negative net margin of 23.36%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. On average, equities analysts expect that Pacira Pharmaceuticals, Inc. will post ($0.12) earnings per share for the current fiscal year.
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A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada set a $58.00 price objective on Pacira Pharmaceuticals and gave the company a “buy” rating in a research report on Monday, May 15th. Canaccord Genuity reaffirmed a “buy” rating and set a $60.00 price objective on shares of Pacira Pharmaceuticals in a research report on Monday, May 15th. Cowen and Company reaffirmed a “hold” rating on shares of Pacira Pharmaceuticals in a research report on Friday, July 14th. Wedbush reaffirmed an “outperform” rating and set a $87.00 price objective on shares of Pacira Pharmaceuticals in a research report on Wednesday, July 19th. Finally, Zacks Investment Research cut Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Pacira Pharmaceuticals presently has an average rating of “Hold” and an average target price of $54.50.
Several large investors have recently added to or reduced their stakes in PCRX. Benjamin F. Edwards & Company Inc. boosted its stake in Pacira Pharmaceuticals by 85.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,491 shares of the company’s stock worth $114,000 after buying an additional 1,149 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Pacira Pharmaceuticals during the second quarter worth approximately $114,000. FNY Partners Fund LP bought a new stake in shares of Pacira Pharmaceuticals during the first quarter worth approximately $136,000. Ameritas Investment Partners Inc. bought a new stake in shares of Pacira Pharmaceuticals during the first quarter worth approximately $144,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Pacira Pharmaceuticals by 121.5% in the second quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock worth $152,000 after buying an additional 1,752 shares during the period.
About Pacira Pharmaceuticals
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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