Stock Traders Buy High Volume of Insmed Put Options (INSM)

Insmed Incorporated (NASDAQ:INSM) was the target of unusually large options trading on Monday. Investors bought 862 put options on the stock. This is an increase of 1,005% compared to the typical daily volume of 78 put options.

In other news, Director Donald J. Hayden, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $32.50, for a total value of $487,500.00. Following the transaction, the director now directly owns 71,131 shares of the company’s stock, valued at approximately $2,311,757.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Insmed in the 2nd quarter worth approximately $129,000. BNP Paribas Arbitrage SA raised its position in Insmed by 666.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,498 shares of the biopharmaceutical company’s stock worth $129,000 after purchasing an additional 6,520 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Insmed in the 2nd quarter worth approximately $187,000. Virtu KCG Holdings LLC bought a new position in Insmed in the 2nd quarter worth approximately $201,000. Finally, Redmile Group LLC bought a new position in Insmed in the 2nd quarter worth approximately $212,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.

Several brokerages have recently commented on INSM. Zacks Investment Research downgraded Insmed from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. HC Wainwright reissued a “buy” rating and issued a $35.00 target price on shares of Insmed in a report on Monday, November 6th. Cowen restated a “buy” rating and issued a $54.00 price objective on shares of Insmed in a research report on Friday, November 3rd. Stifel Nicolaus restated a “buy” rating and issued a $43.00 price objective (up previously from $27.00) on shares of Insmed in a research report on Wednesday, September 6th. Finally, Robert W. Baird restated a “positive” rating and issued a $32.00 price objective (up previously from $23.00) on shares of Insmed in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Insmed currently has an average rating of “Hold” and a consensus price target of $34.50.

Insmed (INSM) opened at $29.21 on Thursday. The company has a quick ratio of 15.21, a current ratio of 15.21 and a debt-to-equity ratio of 0.13. Insmed has a 1 year low of $11.49 and a 1 year high of $32.94.

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About Insmed

Insmed Incorporated is a biopharmaceutical company. The Company operates through development and commercialization of therapies for patients with rare diseases segment. Its lead product candidate is ARIKAYCE, or liposomal amikacin for inhalation (LAI), which is in late-stage development for adult patients with treatment refractory nontuberculous mycobacteria (NTM) lung disease caused by Mycobacterium avium complex (MAC).

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