Today, the Chief Research Officer of Neurocrine (NASDAQ: NBIX), Dimitri Grigoriadis, bought shares of NBIX for $451K.
This recent transaction increases Dimitri Grigoriadis’ holding in the company by 27.76% to a total of $9.6 million. In addition to Dimitri Grigoriadis, one other NBIX executive reported Buy trades in the last month.
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Based on Neurocrine’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $96.91 million and GAAP net loss of $5.91 million. In comparison, last year the company earned revenue of $6.34 million and had a GAAP net loss of $59.99 million. The Company has a Price to Book ratio of 27.7100. Currently, Neurocrine has an average volume of 556.1K.
Starting in January 2017, NBIX received 116 Buy ratings in a row. 18 different firms, including Barclays and BMO Capital, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $128.75, reflecting a -9.9% downside.
The insider sentiment on Neurocrine has been positive according to 68 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Neurocrine Biosciences, Inc. operates as a product based bio-pharmaceutical company. It discovers, develops and intends to commercialize drugs for the treatment of neurological and endocrine related diseases and disorders.
