BioCryst Pharmaceuticals (BCRX) Shares Down 5.2% on Insider Selling

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Shares of BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) dropped 5.2% on Tuesday after an insider sold shares in the company. The company traded as low as $7.59 and last traded at $7.69. Approximately 1,900,358 shares traded hands during mid-day trading, an increase of 135% from the average daily volume of 809,404 shares. The stock had previously closed at $8.11.

Specifically, insider Thomas R. Staab II sold 7,500 shares of BioCryst Pharmaceuticals stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $8.81, for a total transaction of $66,075.00. Following the completion of the sale, the insider now directly owns 140,176 shares of the company’s stock, valued at $1,234,950.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas R. Staab II sold 7,750 shares of BioCryst Pharmaceuticals stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $7.30, for a total value of $56,575.00. Following the sale, the chief financial officer now directly owns 140,426 shares of the company’s stock, valued at $1,025,109.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,250 shares of company stock valued at $192,400. 5.20% of the stock is owned by insiders.

BCRX has been the subject of a number of analyst reports. Zacks Investment Research raised BioCryst Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. BidaskClub cut BioCryst Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. Piper Jaffray Companies set a $15.00 price objective on BioCryst Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, April 22nd. Barclays lifted their price objective on BioCryst Pharmaceuticals from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, JMP Securities lifted their price objective on BioCryst Pharmaceuticals from $16.00 to $18.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.91.

The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt-to-equity ratio of 0.57. The company has a market cap of $861.21 million, a PE ratio of -7.97 and a beta of 1.71.

BioCryst Pharmaceuticals (NASDAQ:BCRX) last posted its earnings results on Wednesday, May 8th. The biotechnology company reported ($0.28) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.28). BioCryst Pharmaceuticals had a negative return on equity of 175.83% and a negative net margin of 490.25%. As a group, equities research analysts anticipate that BioCryst Pharmaceuticals, Inc. will post -1.2 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Paloma Partners Management Co acquired a new position in BioCryst Pharmaceuticals in the fourth quarter valued at about $84,000. Great West Life Assurance Co. Can grew its stake in BioCryst Pharmaceuticals by 82.7% in the first quarter. Great West Life Assurance Co. Can now owns 13,336 shares of the biotechnology company’s stock valued at $108,000 after acquiring an additional 6,036 shares during the period. Amalgamated Bank acquired a new position in BioCryst Pharmaceuticals in the fourth quarter valued at about $122,000. Legal & General Group Plc grew its stake in BioCryst Pharmaceuticals by 14.5% in the fourth quarter. Legal & General Group Plc now owns 19,315 shares of the biotechnology company’s stock valued at $156,000 after acquiring an additional 2,453 shares during the period. Finally, SG Americas Securities LLC acquired a new position in BioCryst Pharmaceuticals in the first quarter valued at about $169,000. 91.81% of the stock is owned by hedge funds and other institutional investors.

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BioCryst Pharmaceuticals Company Profile (NASDAQ:BCRX)

BioCryst Pharmaceuticals, Inc, a biotechnology company, discovers oral and small-molecule medicines. The company markets peramivir injection, an intravenous neuraminidase inhibitor, for the treatment of acute uncomplicated influenza under the RAPIVAB, ALPIVAB, RAPIACTA, and PERAMIFLU names; and Mundesine, an oral purine nucleoside phosphorylase inhibitor for peripheral T-cell lymphoma.

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