Neurocrine Biosciences, Inc. (NASDAQ:NBIX) insider Darin Lippoldt sold 6,279 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $75.04, for a total transaction of $471,176.16. Following the sale, the insider now owns 19,436 shares in the company, valued at $1,458,477.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Darin Lippoldt also recently made the following trade(s):
- On Wednesday, November 15th, Darin Lippoldt sold 9,900 shares of Neurocrine Biosciences stock. The shares were sold at an average price of $73.05, for a total transaction of $723,195.00.
Neurocrine Biosciences, Inc. (NBIX) traded up $1.25 during trading on Friday, hitting $73.75. 873,530 shares of the stock were exchanged, compared to its average volume of 1,101,527. Neurocrine Biosciences, Inc. has a 12-month low of $37.35 and a 12-month high of $75.98. The company has a debt-to-equity ratio of 1.05, a quick ratio of 14.37 and a current ratio of 14.38.
Institutional investors have recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in shares of Neurocrine Biosciences by 29.0% in the 3rd quarter. First Trust Advisors LP now owns 782,685 shares of the company’s stock worth $47,963,000 after buying an additional 176,136 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Neurocrine Biosciences by 49.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 24,700 shares of the company’s stock worth $1,136,000 after purchasing an additional 8,200 shares during the period. Davidson Kempner Capital Management LP purchased a new position in shares of Neurocrine Biosciences during the 2nd quarter worth about $3,639,000. Artisan Partners Limited Partnership purchased a new position in shares of Neurocrine Biosciences during the 2nd quarter worth about $15,981,000. Finally, State Street Corp boosted its stake in shares of Neurocrine Biosciences by 5.1% during the 2nd quarter. State Street Corp now owns 2,710,196 shares of the company’s stock worth $124,666,000 after purchasing an additional 131,141 shares during the period.
Several analysts have recently commented on NBIX shares. Piper Jaffray Companies set a $68.00 price objective on shares of Neurocrine Biosciences and gave the company a “buy” rating in a research report on Thursday, August 24th. ValuEngine upgraded shares of Neurocrine Biosciences from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Oppenheimer reiterated a “buy” rating and issued a $70.00 price target on shares of Neurocrine Biosciences in a report on Thursday, September 7th. Needham & Company LLC reiterated a “buy” rating and issued a $58.00 price target on shares of Neurocrine Biosciences in a report on Sunday, September 17th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $66.00 price target on shares of Neurocrine Biosciences in a report on Thursday, September 21st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Neurocrine Biosciences presently has a consensus rating of “Buy” and an average target price of $78.88.
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Neurocrine Biosciences Company Profile
Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.
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