United Therapeutics (NASDAQ:UTHR) CFO Sells $5,513,815.56 in Stock

Key Points

• CFO James Edgemond100,000 shares across late March–April (including 9,636 shares on April 23 for $5,513,815.56), reducing his stake by 33.8% to 18,876 shares valued at about $10.8 million.
• UTHR traded down about 1% to $567.16 on the most recent session, with a market cap of $24.86 billion and a one-year high of $607.89.
• United Therapeutics beat EPS expectations ($7.70 vs. $6.78) but missed revenue estimates ($790.2M vs. $814.8M); analysts hold a consensus "Moderate Buy" with a $601.50 target and institutions own roughly 94% of the stock.

United Therapeutics Corporation (NASDAQ:UTHR - Get Free Report) CFO James Edgemond sold 9,636 shares of the company's stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $572.21, for a total transaction of $5,513,815.56. Following the completion of the sale, the chief financial officer owned 18,876 shares of the company's stock, valued at approximately $10,801,035.96. The trade was a 33.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Edgemond also recently made the following trade(s):

• On Wednesday, April 22nd, James Edgemond sold 364 shares of United Therapeutics stock. The stock was sold at an average price of $575.85, for a total transaction of $209,609.40.
• On Monday, April 20th, James Edgemond sold 10,000 shares of United Therapeutics stock. The stock was sold at an average price of $577.86, for a total transaction of $5,778,600.00.
• On Thursday, April 16th, James Edgemond sold 10,000 shares of United Therapeutics stock. The stock was sold at an average price of $577.18, for a total transaction of $5,771,800.00.
• On Monday, April 13th, James Edgemond sold 10,000 shares of United Therapeutics stock. The stock was sold at an average price of $574.88, for a total transaction of $5,748,800.00.
• On Thursday, April 9th, James Edgemond sold 10,000 shares of United Therapeutics stock. The stock was sold at an average price of $577.89, for a total transaction of $5,778,900.00.
• On Monday, April 6th, James Edgemond sold 10,000 shares of United Therapeutics stock. The stock was sold at an average price of $558.40, for a total transaction of $5,584,000.00.
• On Thursday, April 2nd, James Edgemond sold 10,000 shares of United Therapeutics stock. The stock was sold at an average price of $561.50, for a total transaction of $5,615,000.00.
• On Monday, March 30th, James Edgemond sold 10,000 shares of United Therapeutics stock. The shares were sold at an average price of $593.17, for a total transaction of $5,931,700.00.
• On Thursday, March 26th, James Edgemond sold 10,000 shares of United Therapeutics stock. The shares were sold at an average price of $535.90, for a total transaction of $5,359,000.00.
• On Monday, March 23rd, James Edgemond sold 10,000 shares of United Therapeutics stock. The shares were sold at an average price of $527.48, for a total transaction of $5,274,800.00.

United Therapeutics Stock Down 1.0%

UTHR traded down $5.69 during trading on Friday, hitting $567.16. 264,756 shares of the company traded hands, compared to its average volume of 491,071. The firm has a market cap of $24.86 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 1.63 and a beta of 0.75. The stock's fifty day moving average is $534.64 and its 200 day moving average is $493.24. United Therapeutics Corporation has a one year low of $272.12 and a one year high of $607.89.

United Therapeutics (NASDAQ:UTHR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The biotechnology company reported $7.70 earnings per share for the quarter, beating the consensus estimate of $6.78 by $0.92. The company had revenue of $790.20 million during the quarter, compared to analyst estimates of $814.80 million. United Therapeutics had a net margin of 41.94% and a return on equity of 19.30%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.19 earnings per share. On average, equities research analysts forecast that United Therapeutics Corporation will post 27.97 EPS for the current fiscal year.

Hedge Funds Weigh In On United Therapeutics

Large investors have recently modified their holdings of the company. Torren Management LLC bought a new position in shares of United Therapeutics in the fourth quarter valued at approximately $26,000. Activest Wealth Management boosted its position in shares of United Therapeutics by 1,400.0% in the fourth quarter. Activest Wealth Management now owns 60 shares of the biotechnology company's stock valued at $29,000 after acquiring an additional 56 shares during the period. Entrust Financial LLC bought a new position in shares of United Therapeutics in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB boosted its position in shares of United Therapeutics by 125.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 88 shares of the biotechnology company's stock valued at $37,000 after acquiring an additional 49 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in shares of United Therapeutics in the fourth quarter valued at approximately $48,000. 94.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UTHR. Weiss Ratings restated a "buy (b)" rating on shares of United Therapeutics in a research report on Monday, December 29th. Wells Fargo & Company upped their price objective on shares of United Therapeutics from $486.00 to $575.00 and gave the company an "equal weight" rating in a report on Tuesday, March 31st. UBS Group upped their price objective on shares of United Therapeutics from $655.00 to $705.00 and gave the company a "buy" rating in a report on Thursday, March 5th. TD Cowen upped their price objective on shares of United Therapeutics from $575.00 to $660.00 and gave the company a "buy" rating in a report on Monday, March 30th. Finally, Raymond James Financial assumed coverage on shares of United Therapeutics in a report on Friday, April 10th. They set an "outperform" rating and a $700.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, United Therapeutics has a consensus rating of "Moderate Buy" and a consensus target price of $601.50.

About United Therapeutics

United Therapeutics Corporation NASDAQ: UTHR is a biotechnology company dedicated to the development and commercialization of unique products to address life-threatening illnesses. The company's primary focus has been on pulmonary arterial hypertension (PAH), where it has launched several therapies designed to improve functional capacity and quality of life for patients. Its marketed products include continuous infusion treprostinil (Remodulin), inhaled treprostinil (Tyvaso), oral treprostinil (Orenitram) and tadalafil (Adcirca), each tailored to different modes of administration and patient needs.

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