Corcept Therapeutics Incorporated (NASDAQ:CORT) insider Robert S. Fishman sold 8,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $16.60, for a total transaction of $132,800.00. Following the transaction, the insider now directly owns 8,000 shares of the company’s stock, valued at approximately $132,800. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Corcept Therapeutics Incorporated (NASDAQ CORT) traded down $0.50 on Friday, hitting $14.59. 3,660,000 shares of the stock were exchanged, compared to its average volume of 2,410,000. Corcept Therapeutics Incorporated has a fifty-two week low of $7.86 and a fifty-two week high of $25.96. The firm has a market cap of $1,670.00, a price-to-earnings ratio of 50.31 and a beta of 1.68.
A number of equities analysts recently weighed in on CORT shares. Piper Jaffray Companies set a $30.00 price objective on shares of Corcept Therapeutics and gave the stock a “buy” rating in a research report on Tuesday, October 31st. BidaskClub cut shares of Corcept Therapeutics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus decreased their price target on shares of Corcept Therapeutics from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Monday. Finally, Zacks Investment Research cut shares of Corcept Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Corcept Therapeutics has a consensus rating of “Buy” and an average price target of $21.00.
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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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