Incyte Co. (INCY) Insider Sells $668,361.20 in Stock
Incyte Co. (NASDAQ:INCY) insider David W. Gryska sold 6,760 shares of Incyte stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $98.87, for a total transaction of $668,361.20. Following the completion of the transaction, the insider now owns 20,752 shares in the company, valued at approximately $2,051,750.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Incyte Co. (NASDAQ:INCY) opened at $93.06 on Friday. Incyte Co. has a 52-week low of $92.52 and a 52-week high of $153.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.81 and a current ratio of 4.82. The firm has a market cap of $19,640.00, a P/E ratio of -116.33 and a beta of 0.74.
Incyte (NASDAQ:INCY) last posted its quarterly earnings data on Tuesday, October 31st. The biopharmaceutical company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.11. Incyte had a negative net margin of 10.90% and a negative return on equity of 12.91%. The firm had revenue of $381.50 million for the quarter, compared to analysts’ expectations of $360.34 million. During the same period in the previous year, the company posted $0.19 EPS. The company’s quarterly revenue was up 41.6% compared to the same quarter last year. equities analysts anticipate that Incyte Co. will post -1.32 earnings per share for the current year.
Several research firms have issued reports on INCY. Raymond James Financial restated a “buy” rating on shares of Incyte in a research report on Tuesday, December 12th. Goldman Sachs Group began coverage on shares of Incyte in a research report on Friday, October 6th. They issued a “buy” rating and a $160.00 price target on the stock. Zacks Investment Research lowered shares of Incyte from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine lowered shares of Incyte from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Finally, Oppenheimer set a $120.00 price target on shares of Incyte and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $143.11.
Several large investors have recently modified their holdings of INCY. Tower Research Capital LLC TRC boosted its stake in shares of Incyte by 13.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 891 shares of the biopharmaceutical company’s stock valued at $112,000 after buying an additional 108 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Incyte during the 2nd quarter valued at $129,000. Sun Life Financial INC boosted its stake in shares of Incyte by 9,069.2% during the 2nd quarter. Sun Life Financial INC now owns 1,192 shares of the biopharmaceutical company’s stock valued at $150,000 after buying an additional 1,179 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Incyte during the 3rd quarter valued at $203,000. Finally, Symphony Asset Management LLC boosted its stake in shares of Incyte by 20.1% during the 2nd quarter. Symphony Asset Management LLC now owns 1,867 shares of the biopharmaceutical company’s stock valued at $235,000 after buying an additional 312 shares during the period. 90.74% of the stock is owned by institutional investors.
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Incyte Company Profile
Incyte Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late-stage development, and commercialized products, such as JAKAFI (ruxolitinib) and ICLUSIG (ponatinib).
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