The CFO of Aerie Pharma (AERI) is Selling Shares

Today, the CFO of Aerie Pharma (NASDAQ: AERI), Richard Rubino, sold shares of AERI for $2.08M.

Following Richard Rubino’s last AERI Sell transaction on November 01, 2013, the stock climbed by 49.0%. In addition to Richard Rubino, one other AERI executive reported Sell trades in the last month.

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Based on Aerie Pharma’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.42 million and GAAP net loss of $55.02 million. In comparison, last year the company earned revenue of $0 and had a GAAP net loss of $28.43 million. Currently, Aerie Pharma has an average volume of 194.7K. The Company has a Price to Book ratio of 12.1534.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $86.33, reflecting a 45.3% upside.

The insider sentiment on Aerie Pharma has been negative according to 31 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Aerie Pharmaceuticals, Inc. is a clinical stage pharmaceutical company, which engages in the discovery, development, and commercialization of therapies for the treatment of patients with glaucoma and diseases of the eye. Its products include Rhopressa and Roclatan.

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