Today it was reported that the President & CEO of SAGE Therapeutics (SAGE), Jeffrey Jonas, exercised options to buy 10,000 SAGE shares at $0.45 a share, for a total transaction value of $4,500.
This recent transaction increases Jeffrey Jonas’ holding in the company by 19.19% to a total of $7.44 million.
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Currently, SAGE Therapeutics has an average volume of 957.9K.
Based on 13 analyst ratings, the analyst consensus is Strong Buy with an average price target of $203.18, reflecting a 61.0% upside. 12 different firms, including BMO Capital and Canaccord Genuity, currently also have a Buy rating on the stock.
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SAGE Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of novel medicines to treat life-altering central nervous system. Its programs include brexanolone, which is an acute interventional treatment for postpartum depression; and SAGE-217, an oral therapy for treatment of various CNS disorders. The company was founded by Steven Marc Paul and Douglas Covey in April 2010 and is headquartered in Cambridge, MA.
