A Director at Heron Therapeutics (HRTX) is Selling Shares
Today, a Director at Heron Therapeutics (NASDAQ: HRTX), Kevin Tang, sold shares of HRTX for $96.35M.
Following Kevin Tang’s last HRTX Sell transaction on April 02, 2018, the stock climbed by 11.6%. This is Tang’s first Sell trade following 14 Buy transactions.
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Based on Heron Therapeutics’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $17.28 million and GAAP net loss of $38.67 million. In comparison, last year the company earned revenue of $8.51 million and had a GAAP net loss of $42.8 million. Currently, Heron Therapeutics has an average volume of 1.47M.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $57.83, reflecting a 58.4% upside.
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Heron Therapeutics, Inc. is a biotechnology company, which develops pharmaceutical products for patients suffering from cancer. The company develops products by using its proprietary Biochronomer polymer based drug delivery technology. Its products include SUSTOL, Pipeline, Cinvanti and HTX-011.