Insider Selling: Celgene Co. (CELG) Director Sells 23,466 Shares of Stock

Celgene Co. (NASDAQ:CELG) Director James J. Loughlin sold 23,466 shares of Celgene stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $87.29, for a total transaction of $2,048,347.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CELG traded up $1.96 during trading on Monday, reaching $89.87. 10,874,374 shares of the company’s stock were exchanged, compared to its average volume of 13,986,993. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.99 and a current ratio of 2.13. Celgene Co. has a fifty-two week low of $58.59 and a fifty-two week high of $97.43. The firm has a market capitalization of $61.66 billion, a PE ratio of 11.81, a P/E/G ratio of 0.41 and a beta of 1.72.

Celgene (NASDAQ:CELG) last released its earnings results on Thursday, January 31st. The biopharmaceutical company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.07. Celgene had a net margin of 26.48% and a return on equity of 125.35%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the business earned $2.00 EPS. Equities analysts forecast that Celgene Co. will post 10.01 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC acquired a new position in shares of Celgene in the 4th quarter valued at $25,000. Athena Capital Advisors LLC acquired a new position in shares of Celgene in the 4th quarter valued at $27,000. Doyle Wealth Management acquired a new position in shares of Celgene in the 4th quarter valued at $44,000. First Mercantile Trust Co. acquired a new position in shares of Celgene in the 4th quarter valued at $48,000. Finally, Legacy Financial Advisors Inc. grew its holdings in shares of Celgene by 61.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 825 shares of the biopharmaceutical company’s stock valued at $53,000 after buying an additional 315 shares during the period. 75.15% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on CELG. Jefferies Financial Group cut shares of Celgene from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research note on Friday, February 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $100.00 target price on shares of Celgene in a research note on Thursday, January 31st. Zacks Investment Research upgraded shares of Celgene from a “hold” rating to a “strong-buy” rating and set a $99.00 target price for the company in a research note on Wednesday, January 23rd. Robert W. Baird upgraded shares of Celgene from a “neutral” rating to an “outperform” rating and set a $92.00 target price for the company in a research note on Friday, January 4th. Finally, BidaskClub upgraded shares of Celgene from a “strong sell” rating to a “sell” rating in a research note on Friday, January 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Celgene currently has an average rating of “Buy” and an average target price of $109.29.

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Celgene Company Profile

Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes therapies for the treatment of cancer and inflammatory diseases worldwide. It offers REVLIMID, an oral immunomodulatory drug for multiple myeloma (MM), myelodysplastic syndromes (MDS), and mantle cell lymphoma; POMALYST/IMNOVID to treat multiple myeloma; OTEZLA, a small-molecule inhibitor of phosphodiesterase 4 for psoriatic arthritis and psoriasis; and ABRAXANE to treat breast, non-small cell lung, pancreatic, and gastric cancers.

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Insider Buying and Selling by Quarter for Celgene (NASDAQ:CELG)

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