Insider Selling: Intra-Cellular Therapies Inc (ITCI) SVP Sells $109,699.08 in Stock
Intra-Cellular Therapies Inc (NASDAQ:ITCI) SVP Kimberly E. Vanover sold 9,564 shares of the business’s stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $11.47, for a total transaction of $109,699.08. Following the completion of the sale, the senior vice president now owns 37,224 shares in the company, valued at $426,959.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ ITCI opened at $13.14 on Friday. The stock has a market cap of $718.01 million, a price-to-earnings ratio of -6.20 and a beta of 1.30. Intra-Cellular Therapies Inc has a 1 year low of $10.21 and a 1 year high of $25.82.
Intra-Cellular Therapies (NASDAQ:ITCI) last posted its quarterly earnings data on Wednesday, November 7th. The biopharmaceutical company reported ($0.76) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.85) by $0.09. Equities analysts expect that Intra-Cellular Therapies Inc will post -2.95 earnings per share for the current year.
Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Intra-Cellular Therapies from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank of Canada boosted their price target on shares of Intra-Cellular Therapies from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 12th. Canaccord Genuity set a $31.00 price target on shares of Intra-Cellular Therapies and gave the stock a “buy” rating in a research report on Wednesday, December 12th. Cantor Fitzgerald set a $32.00 price target on shares of Intra-Cellular Therapies and gave the stock a “buy” rating in a research report on Tuesday, December 11th. Finally, BidaskClub cut shares of Intra-Cellular Therapies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $27.75.
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About Intra-Cellular Therapies
Intra-Cellular Therapies, Inc, a biopharmaceutical company, engages in developing novel drugs for the treatment of neuropsychiatric and neurodegenerative diseases. The company is developing its lead drug candidate, lumateperone, known as ITI-007, for the treatment of schizophrenia, bipolar disorder, behavioral disturbances in patients with dementia, and other neuropsychiatric and neurological disorders.
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