Derek T. Chalmers Sells 16,000 Shares of Cara Therapeutics, Inc. (CARA) Stock

Cara Therapeutics, Inc. (NASDAQ:CARA) CEO Derek T. Chalmers sold 16,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $12.66, for a total value of $202,560.00. Following the completion of the transaction, the chief executive officer now owns 1,066,292 shares of the company’s stock, valued at approximately $13,499,256.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Cara Therapeutics, Inc. (NASDAQ:CARA) opened at $12.33 on Friday.

Cara Therapeutics (NASDAQ:CARA) last announced its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.03). During the same period in the previous year, the business posted ($0.42) earnings per share. equities research analysts predict that Cara Therapeutics, Inc. will post -1.72 EPS for the current fiscal year.

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A number of research firms recently weighed in on CARA. Raymond James Financial, Inc. decreased their price target on Cara Therapeutics from $28.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, August 3rd. Piper Jaffray Companies set a $27.00 price target on Cara Therapeutics and gave the company a “buy” rating in a research report on Saturday, August 5th. HC Wainwright reiterated a “buy” rating and issued a $30.00 price target on shares of Cara Therapeutics in a research report on Friday, August 4th. BidaskClub lowered Cara Therapeutics from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $23.00 price target on shares of Cara Therapeutics in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cara Therapeutics presently has a consensus rating of “Buy” and a consensus price target of $25.46.

Institutional investors have recently made changes to their positions in the company. Gotham Asset Management LLC acquired a new stake in shares of Cara Therapeutics during the 2nd quarter valued at about $448,000. Vanguard Group Inc. lifted its holdings in shares of Cara Therapeutics by 20.0% during the 1st quarter. Vanguard Group Inc. now owns 943,627 shares of the biopharmaceutical company’s stock valued at $17,353,000 after buying an additional 156,958 shares during the last quarter. Swiss National Bank acquired a new stake in shares of Cara Therapeutics during the 2nd quarter valued at about $651,000. FMR LLC lifted its holdings in shares of Cara Therapeutics by 27.7% during the 2nd quarter. FMR LLC now owns 1,198,812 shares of the biopharmaceutical company’s stock valued at $18,450,000 after buying an additional 260,036 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Cara Therapeutics during the 1st quarter valued at about $750,000. Institutional investors and hedge funds own 61.06% of the company’s stock.

Cara Therapeutics Company Profile

Cara Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing chemical entities designed to alleviate pain and pruritus by focusing on kappa opioid receptors. It is developing a class of product candidates that target the body’s peripheral nervous system.

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