Intra-Cellular Therapies Inc. (ITCI) Chairman Sells $192,269.56 in Stock
Intra-Cellular Therapies Inc. (NASDAQ:ITCI) Chairman Sharon Mates sold 11,257 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $17.08, for a total value of $192,269.56. Following the sale, the chairman now directly owns 1,099,964 shares in the company, valued at $18,787,385.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Sharon Mates also recently made the following trade(s):
- On Monday, October 30th, Sharon Mates sold 18,750 shares of Intra-Cellular Therapies stock. The stock was sold at an average price of $15.75, for a total value of $295,312.50.
Intra-Cellular Therapies Inc. (ITCI) traded up $0.13 on Friday, hitting $17.47. The stock had a trading volume of 989,961 shares, compared to its average volume of 443,629. The company has a market capitalization of $953.47, a PE ratio of -7.98 and a beta of 0.72. Intra-Cellular Therapies Inc. has a 1 year low of $7.85 and a 1 year high of $22.67.
Several brokerages have weighed in on ITCI. BidaskClub raised Intra-Cellular Therapies from a “strong sell” rating to a “sell” rating in a research note on Friday. ValuEngine cut Intra-Cellular Therapies from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Zacks Investment Research cut Intra-Cellular Therapies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Cowen reissued an “outperform” rating and set a $27.00 price objective (up from $20.00) on shares of Intra-Cellular Therapies in a research note on Friday, September 8th. Finally, Canaccord Genuity began coverage on Intra-Cellular Therapies in a research note on Friday, December 15th. They set a “buy” rating and a $31.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Intra-Cellular Therapies has a consensus rating of “Buy” and a consensus target price of $25.56.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in shares of Intra-Cellular Therapies during the third quarter valued at approximately $101,000. SG Americas Securities LLC bought a new position in shares of Intra-Cellular Therapies during the second quarter valued at approximately $103,000. Quantbot Technologies LP grew its stake in shares of Intra-Cellular Therapies by 233.1% during the third quarter. Quantbot Technologies LP now owns 8,614 shares of the biopharmaceutical company’s stock valued at $135,000 after buying an additional 6,028 shares during the last quarter. Fred Alger Management Inc. bought a new position in shares of Intra-Cellular Therapies during the second quarter valued at approximately $161,000. Finally, Voya Investment Management LLC grew its stake in shares of Intra-Cellular Therapies by 16.0% during the second quarter. Voya Investment Management LLC now owns 16,911 shares of the biopharmaceutical company’s stock valued at $210,000 after buying an additional 2,338 shares during the last quarter. 74.47% of the stock is currently owned by hedge funds and other institutional investors.
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About Intra-Cellular Therapies
Intra-Cellular Therapies, Inc (ITI) is a biopharmaceutical company. The Company is focused on the discovery and clinical development of small molecule drugs that address underserved medical needs in neuropsychiatric and neurological disorders by targeting intracellular signaling mechanisms within the central nervous system (CNS).
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