Corcept Therapeutics Incorporated (NASDAQ:CORT) saw unusually large options trading on Friday. Traders purchased 1,200 put options on the stock. This is an increase of approximately 802% compared to the average daily volume of 133 put options.
In other Corcept Therapeutics news, insider Robert S. Fishman sold 8,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $16.72, for a total transaction of $133,760.00. Following the completion of the sale, the insider now owns 8,000 shares of the company’s stock, valued at $133,760. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director G Leonard Baker, Jr. sold 30,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $17.59, for a total value of $527,700.00. The disclosure for this sale can be found here. 19.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in shares of Corcept Therapeutics during the third quarter worth $108,000. BNP Paribas Arbitrage SA boosted its position in shares of Corcept Therapeutics by 2,942.9% during the second quarter. BNP Paribas Arbitrage SA now owns 9,707 shares of the biotechnology company’s stock worth $115,000 after buying an additional 9,388 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Corcept Therapeutics by 52.6% during the second quarter. PNC Financial Services Group Inc. now owns 9,837 shares of the biotechnology company’s stock worth $116,000 after buying an additional 3,390 shares during the period. Sand Hill Global Advisors LLC purchased a new position in shares of Corcept Therapeutics during the second quarter worth $118,000. Finally, Jasper Ridge Partners L.P. purchased a new position in shares of Corcept Therapeutics during the second quarter worth $118,000. Institutional investors and hedge funds own 64.71% of the company’s stock.
Corcept Therapeutics (CORT) opened at $16.61 on Monday. Corcept Therapeutics has a 52-week low of $6.70 and a 52-week high of $20.77. The company has a market capitalization of $1,895.60, a price-to-earnings ratio of 57.28 and a beta of 1.89.
Corcept Therapeutics (NASDAQ:CORT) last released its quarterly earnings results on Thursday, November 2nd. The biotechnology company reported $0.11 EPS for the quarter, missing the 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 firm had revenue of $42.70 million for the quarter, compared to analysts’ expectations of $41.64 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The company’s quarterly revenue was up 96.8% on a year-over-year basis. analysts forecast that Corcept Therapeutics will post 0.47 EPS for the current fiscal year.
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About Corcept Therapeutics
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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