Neurocrine Biosciences, Inc. (NBIX) CFO Matt Abernethy Sells 1,178 Shares of Stock
Neurocrine Biosciences, Inc. (NASDAQ:NBIX) CFO Matt Abernethy sold 1,178 shares of Neurocrine Biosciences stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $90.00, for a total value of $106,020.00. Following the sale, the chief financial officer now owns 1,947 shares in the company, valued at $175,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Neurocrine Biosciences stock traded down $2.38 during mid-day trading on Friday, reaching $84.59. 14,604 shares of the stock traded hands, compared to its average volume of 884,409. The stock has a market cap of $7.82 billion, a PE ratio of -51.93, a price-to-earnings-growth ratio of 22.06 and a beta of 0.90. Neurocrine Biosciences, Inc. has a 12-month low of $68.22 and a 12-month high of $126.98.
Neurocrine Biosciences (NASDAQ:NBIX) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $151.51 million. Neurocrine Biosciences had a return on equity of 2.54% and a net margin of 2.40%. Neurocrine Biosciences’s revenue for the quarter was up 149.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.13) earnings per share. Equities research analysts anticipate that Neurocrine Biosciences, Inc. will post 0.19 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Rehmann Capital Advisory Group boosted its stake in shares of Neurocrine Biosciences by 54.7% in the third quarter. Rehmann Capital Advisory Group now owns 557 shares of the company’s stock worth $68,000 after acquiring an additional 197 shares during the period. Marshall Wace LLP purchased a new position in Neurocrine Biosciences during the 3rd quarter worth $9,895,000. Great Lakes Advisors LLC purchased a new position in Neurocrine Biosciences during the 3rd quarter worth $9,269,000. Vanguard Group Inc. increased its holdings in Neurocrine Biosciences by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,772,236 shares of the company’s stock worth $955,597,000 after purchasing an additional 204,065 shares during the period. Finally, Legal & General Group Plc increased its holdings in Neurocrine Biosciences by 63.7% during the 3rd quarter. Legal & General Group Plc now owns 65,165 shares of the company’s stock worth $8,012,000 after purchasing an additional 25,365 shares during the period. Institutional investors and hedge funds own 96.88% of the company’s stock.
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About Neurocrine Biosciences
Neurocrine Biosciences, Inc discovers and develops pharmaceuticals for the treatment of neurological and endocrine-related diseases and disorders in the United States. The company's lead products include INGREZZA (valbenazine), a vesicular monoamine transporter 2 inhibitor (VMAT2), which is used for the treatment of movement disorders; elagolix, a gonadotropin-releasing hormone (GnRH) antagonist that is in Phase III clinical trial for use in women's health; and opicapone, a catechol-O-methyltransferase inhibitor, which is in Phase III clinical trial that is used for in adjunct therapy and preparations of levodopa/DOPA decarboxylase inhibitors for adult patients with Parkinson's disease.
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