BioXcel Therapeutics, Inc. (NASDAQ:BTAI – Get Rating) insider Frank Yocca sold 50,000 shares of BioXcel Therapeutics stock in a transaction on Friday, January 20th. The stock was sold at an average price of $30.00, for a total value of $1,500,000.00. Following the transaction, the insider now directly owns 8,397 shares of the company's stock, valued at approximately $251,910. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BioXcel Therapeutics Stock Up 2.8 %

Shares of NASDAQ:BTAI opened at $32.01 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 10.28 and a current ratio of 10.34. BioXcel Therapeutics, Inc. has a 1 year low of $8.80 and a 1 year high of $32.96. The stock has a market capitalization of $896.98 million, a P/E ratio of -6.55 and a beta of 1.16. The stock has a 50-day simple moving average of $21.69 and a 200-day simple moving average of $16.43.

BioXcel Therapeutics (NASDAQ:BTAI – Get Rating) last issued its earnings results on Thursday, November 10th. The company reported ($1.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.34) by ($0.15). The firm had revenue of $0.14 million during the quarter, compared to analyst estimates of $3.05 million. Equities analysts forecast that BioXcel Therapeutics, Inc. will post -5.37 earnings per share for the current year.

Analysts Set New Price Targets

Hedge Funds Weigh In On BioXcel Therapeutics

A number of institutional investors and hedge funds have recently bought and sold shares of BTAI. Millennium Management LLC boosted its holdings in BioXcel Therapeutics by 872.6% in the 2nd quarter. Millennium Management LLC now owns 188,548 shares of the company's stock worth $2,489,000 after acquiring an additional 169,163 shares during the period. Nuveen Asset Management LLC raised its position in shares of BioXcel Therapeutics by 95.5% in the 3rd quarter. Nuveen Asset Management LLC now owns 217,624 shares of the company's stock valued at $2,572,000 after purchasing an additional 106,314 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of BioXcel Therapeutics by 330.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 125,280 shares of the company's stock valued at $2,620,000 after purchasing an additional 96,180 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of BioXcel Therapeutics by 569.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 91,039 shares of the company's stock valued at $1,202,000 after purchasing an additional 77,449 shares in the last quarter. Finally, State Street Corp raised its position in shares of BioXcel Therapeutics by 4.1% during the 1st quarter. State Street Corp now owns 1,400,753 shares of the company's stock valued at $29,290,000 after acquiring an additional 55,657 shares in the last quarter. Hedge funds and other institutional investors own 42.35% of the company's stock.

About BioXcel Therapeutics

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BioXcel Therapeutics, Inc is a commercial-stage biopharmaceutical company utilizing artificial intelligence approaches to develop transformative medicines in neuroscience and immuno-oncology. The company's drug re-innovation approach leverages existing approved drugs and/or clinically validated product candidates together with big data and proprietary machine learning algorithms to identify new therapeutic indices.

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