The COO of Array Biopharma is Exercising Options


Yesterday it was reported that the COO of Array Biopharma (ARRY), Andrews Robbins, exercised options to sell 239,626 ARRY shares at $5.70 a share, for a total transaction value of $4.8M.

Following Andrews Robbins’ last ARRY Sell transaction on March 04, 2015, the stock climbed by 13.5%.

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Based on Array Biopharma’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $82.55 million and GAAP net loss of $11.36 million. In comparison, last year the company earned revenue of $42.22 million and had a GAAP net loss of $34.05 million. Currently, Array Biopharma has an average volume of 4.16M. The Company has a Price to Book ratio of 16.6515.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $27.00, reflecting a 23.8% upside.

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Array BioPharma, Inc. engages in the research, development, and commercialization of targeted small molecule drugs for the treatment of cancer and other high-burden diseases. Its portfolio includes Binimetinib, Selumetinib, Encorafenib, Filanesib, Ipatasertib, Varltinib, Danoprevir, ARRY-797, Larotrectinib, Tucatinib, ARRY-382, Motolimod, Prexasertib, GDC-0575, LOXO-292, LOXO-195, and AK-1830. The company was founded by Kevin Koch, Anthony Piscopio, K. C. Nicolaou, and David L. Snitman in 1998 and is headquartered in Boulder, CO.