Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRX) Insider Preethi Sundaram Sells 56,786 Shares

Catalyst Pharmaceuticals, Inc. (NASDAQ:CPRXGet Rating) insider Preethi Sundaram sold 56,786 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $16.38, for a total value of $930,154.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Preethi Sundaram also recently made the following trade(s):

  • On Thursday, September 15th, Preethi Sundaram sold 18,214 shares of Catalyst Pharmaceuticals stock. The shares were sold at an average price of $14.49, for a total value of $263,920.86.

Catalyst Pharmaceuticals Stock Performance

CPRX opened at $15.23 on Thursday. The business’s fifty day moving average is $13.62 and its two-hundred day moving average is $10.75. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 24.97 and a beta of 1.27. Catalyst Pharmaceuticals, Inc. has a one year low of $5.24 and a one year high of $17.22.

Institutional Trading of Catalyst Pharmaceuticals

A number of institutional investors have recently bought and sold shares of the company. Advisory Research Inc. purchased a new stake in Catalyst Pharmaceuticals during the third quarter worth $623,000. Balyasny Asset Management LLC purchased a new stake in shares of Catalyst Pharmaceuticals in the third quarter valued at $443,000. BNP Paribas Arbitrage SNC lifted its position in shares of Catalyst Pharmaceuticals by 814.9% in the third quarter. BNP Paribas Arbitrage SNC now owns 282,017 shares of the biopharmaceutical company’s stock valued at $3,618,000 after acquiring an additional 251,191 shares in the last quarter. State Street Corp lifted its position in shares of Catalyst Pharmaceuticals by 39.0% in the third quarter. State Street Corp now owns 7,555,423 shares of the biopharmaceutical company’s stock valued at $96,936,000 after acquiring an additional 2,117,944 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Catalyst Pharmaceuticals by 13.2% in the third quarter. Algert Global LLC now owns 29,545 shares of the biopharmaceutical company’s stock valued at $379,000 after acquiring an additional 3,455 shares in the last quarter. 74.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPRX has been the topic of a number of recent research reports. StockNews.com lowered Catalyst Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 9th. Piper Sandler lifted their price target on Catalyst Pharmaceuticals to $18.00 in a research note on Wednesday. Roth Capital downgraded Catalyst Pharmaceuticals from a “buy” rating to a “neutral” rating and lifted their price target for the company from $10.00 to $15.50 in a research note on Wednesday, August 24th. HC Wainwright lifted their price target on Catalyst Pharmaceuticals from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, Truist Financial lifted their price target on Catalyst Pharmaceuticals from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.13.

Catalyst Pharmaceuticals Company Profile

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Catalyst Pharmaceuticals, Inc, a commercial-stage biopharmaceutical company, focuses on developing and commercializing therapies for people with rare debilitating, chronic neuromuscular, and neurological diseases in the United States. It offers Firdapse, an amifampridine phosphate tablets for the treatment of patients with lambert-eaton myasthenic syndrome (LEMS); and Ruzurgi for the treatment of pediatric LEMS patients.

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