Ali Ph.D. Fattaey Purchases 50,000 Shares of Curis, Inc. (CRIS) Stock
Curis, Inc. (NASDAQ:CRIS) CEO Ali Ph.D. Fattaey acquired 50,000 shares of Curis stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of $1.06 per share, with a total value of $53,000.00. Following the purchase, the chief executive officer now directly owns 115,890 shares of the company’s stock, valued at approximately $122,843.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Curis, Inc. (CRIS) traded up $0.03 during trading hours on Wednesday, hitting $1.00. The company had a trading volume of 1,200,613 shares, compared to its average volume of 656,521. The company has a debt-to-equity ratio of 1.24, a quick ratio of 5.15 and a current ratio of 5.15. Curis, Inc. has a one year low of $0.89 and a one year high of $3.72.
Curis (NASDAQ:CRIS) last issued its quarterly earnings results on Tuesday, November 7th. The biotechnology company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.02). The business had revenue of $2.44 million for the quarter, compared to the consensus estimate of $2.19 million. Curis had a negative return on equity of 250.58% and a negative net margin of 629.29%. The business’s revenue was up 38.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.21) earnings per share. research analysts predict that Curis, Inc. will post -0.41 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Curis by 6.7% in the first quarter. Vanguard Group Inc. now owns 4,827,625 shares of the biotechnology company’s stock valued at $13,421,000 after buying an additional 304,268 shares during the period. Prudential Financial Inc. bought a new stake in shares of Curis in the first quarter valued at $105,000. American International Group Inc. raised its stake in shares of Curis by 7.1% in the first quarter. American International Group Inc. now owns 68,733 shares of the biotechnology company’s stock valued at $191,000 after buying an additional 4,560 shares during the period. Bank of America Corp DE raised its stake in shares of Curis by 58.7% in the first quarter. Bank of America Corp DE now owns 36,348 shares of the biotechnology company’s stock valued at $101,000 after buying an additional 13,448 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Curis by 10.4% in the third quarter. First Eagle Investment Management LLC now owns 26,508,672 shares of the biotechnology company’s stock valued at $39,498,000 after buying an additional 2,500,000 shares during the period. Institutional investors and hedge funds own 46.01% of the company’s stock.
Curis, Inc is a biotechnology company seeking to develop and commercialize drug candidates for the treatment of cancers. The Company’s drug candidate is CUDC-907, an orally-available, small molecule inhibitor of histone deacetylase (HDAC) and phosphatidylinositol-3-kinase (PI3K) enzymes. CUDC-907 is an oral, dual inhibitor of Class I and II HDAC, as well as Class I PI3K enzymes.
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