Robert S. Fishman Sells 8,000 Shares of Corcept Therapeutics Incorporated (CORT) Stock
Corcept Therapeutics Incorporated (NASDAQ:CORT) insider Robert S. Fishman sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $16.72, for a total value of $133,760.00. Following the transaction, the insider now directly owns 8,000 shares in the company, valued at $133,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Corcept Therapeutics Incorporated (NASDAQ:CORT) traded up $0.24 during trading on Tuesday, reaching $17.03. The company had a trading volume of 1,016,900 shares, compared to its average volume of 1,110,379. Corcept Therapeutics Incorporated has a 1-year low of $6.70 and a 1-year high of $20.77. The company has a market capitalization of $1,916.15, a P/E ratio of 57.90 and a beta of 1.89.
Corcept Therapeutics (NASDAQ:CORT) last announced its quarterly earnings results on Thursday, November 2nd. The biotechnology company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). Corcept Therapeutics had a return on equity of 58.17% and a net margin of 27.28%. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $41.64 million. During the same quarter last year, the company posted $0.02 EPS. The company’s quarterly revenue was up 96.8% compared to the same quarter last year. sell-side analysts expect that Corcept Therapeutics Incorporated will post 0.47 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in CORT. Marshall Wace North America L.P. bought a new position in Corcept Therapeutics in the 2nd quarter valued at $13,942,000. Renaissance Technologies LLC grew its stake in Corcept Therapeutics by 44.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,683,400 shares of the biotechnology company’s stock valued at $31,664,000 after purchasing an additional 824,900 shares during the period. Vanguard Group Inc. grew its stake in Corcept Therapeutics by 18.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,440,064 shares of the biotechnology company’s stock valued at $52,394,000 after purchasing an additional 689,554 shares during the period. Teachers Advisors LLC grew its stake in Corcept Therapeutics by 316.9% in the 2nd quarter. Teachers Advisors LLC now owns 817,245 shares of the biotechnology company’s stock valued at $9,643,000 after purchasing an additional 621,219 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Corcept Therapeutics by 644.4% in the 3rd quarter. Wells Fargo & Company MN now owns 715,261 shares of the biotechnology company’s stock valued at $13,805,000 after purchasing an additional 619,180 shares during the period. Institutional investors and hedge funds own 64.71% of the company’s stock.
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Corcept Therapeutics Company Profile
Corcept Therapeutics Incorporated is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. The Company is developing mifepristone, a compound that modulates the effects of cortisol by acting as a competitive antagonist at the glucocorticoid receptor (GR).
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