Corcept Therapeutics Incorporated (NASDAQ:CORT – Get Rating) insider Gary Charles Robb sold 50,000 shares of Corcept Therapeutics stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $26.06, for a total transaction of $1,303,000.00. Following the completion of the transaction, the insider now owns 49,544 shares in the company, valued at $1,291,116.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Gary Charles Robb also recently made the following trade(s):
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- On Wednesday, July 6th, Gary Charles Robb sold 45,000 shares of Corcept Therapeutics stock. The stock was sold at an average price of $26.00, for a total transaction of $1,170,000.00.
Corcept Therapeutics Trading Up 1.1 %
Shares of NASDAQ CORT traded up $0.28 on Friday, reaching $26.43. 5,215 shares of the company traded hands, compared to its average volume of 477,887. Corcept Therapeutics Incorporated has a fifty-two week low of $15.82 and a fifty-two week high of $29.93. The company has a 50 day moving average of $27.12 and a 200 day moving average of $24.06. The stock has a market capitalization of $2.83 billion, a PE ratio of 27.82, a P/E/G ratio of 2.65 and a beta of 0.56.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Corcept Therapeutics from a "hold" rating to a "buy" rating and boosted their target price for the company from $21.00 to $35.00 in a research note on Wednesday, July 27th. StockNews.com downgraded shares of Corcept Therapeutics from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 5th. Truist Financial downgraded shares of Corcept Therapeutics to a "hold" rating in a research note on Tuesday, August 9th. Finally, HC Wainwright upped their price objective on shares of Corcept Therapeutics from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, August 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.00.
Institutional Trading of Corcept Therapeutics
A number of institutional investors and hedge funds have recently bought and sold shares of CORT. Gladius Capital Management LP acquired a new stake in Corcept Therapeutics during the 2nd quarter worth approximately $31,000. Financial Management Professionals Inc. acquired a new stake in Corcept Therapeutics during the 2nd quarter worth approximately $47,000. Lazard Asset Management LLC increased its position in Corcept Therapeutics by 2,286.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,530 shares of the biotechnology company's stock worth $60,000 after purchasing an additional 2,424 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Corcept Therapeutics during the 2nd quarter worth approximately $76,000. Finally, Point72 Hong Kong Ltd increased its position in Corcept Therapeutics by 283.1% during the 4th quarter. Point72 Hong Kong Ltd now owns 7,707 shares of the biotechnology company's stock worth $153,000 after purchasing an additional 5,695 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company's stock.
Corcept Therapeutics Company Profile
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Corcept Therapeutics Incorporated discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and neuropsychiatric disorders in the United States. The company offers Korlym (mifepristone) tablets as a once-daily oral medication for the treatment of hyperglycemia secondary to hypercortisolism in adult patients with endogenous Cushing's syndrome, who have type 2 diabetes mellitus or glucose intolerance, and have failed surgery or are not candidates for surgery.
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