The COB of Ocular Therapeutix (OCUL) is Buying Shares


Yesterday, the COB of Ocular Therapeutix (OCUL), Amarpreet Sawhney, bought shares of OCUL for $133.3K.

Following this transaction Amarpreet Sawhney’s holding in the company was increased by 1.63% to a total of $8.06 million. In addition to Amarpreet Sawhney, one other OCUL executive reported Buy trades in the last month.

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Based on Ocular Therapeutix’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $492K and GAAP net loss of $17.12 million. In comparison, last year the company earned revenue of $340K and had a GAAP net loss of $13.77 million. Currently, Ocular Therapeutix has an average volume of 587.6K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $10.60, reflecting a 279.9% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Hold OCUL. Four different firms, including JMP Securities and Piper Jaffray, currently also have a Buy rating on the stock.

The insider sentiment on Ocular Therapeutix has been positive according to 10 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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Ocular Therapeutix, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies for diseases and conditions of the eye. Its product pipeline include Dextenza, OTX-TP, and OTX-TIC . The company was founded by Amarpreet S. Sawhney and Farhad Khosravi on September 12, 2006 and is headquartered in Bedford, MA.

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