Paul Trower Sells 3,000 Shares of Incyte Corporation (NASDAQ:INCY) Stock

Incyte Corporation (NASDAQ:INCY) insider Paul Trower sold 3,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $125.25, for a total value of $375,750.00. Following the sale, the insider now owns 11,853 shares in the company, valued at approximately $1,484,588.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Paul Trower also recently made the following trade(s):

  • On Wednesday, July 5th, Paul Trower sold 3,000 shares of Incyte Corporation stock. The stock was sold at an average price of $126.18, for a total value of $378,540.00.
  • On Monday, June 5th, Paul Trower sold 3,000 shares of Incyte Corporation stock. The stock was sold at an average price of $132.50, for a total value of $397,500.00.

Shares of Incyte Corporation (NASDAQ:INCY) traded down 0.45% on Friday, reaching $121.19. The company had a trading volume of 958,477 shares. The company’s 50-day moving average price is $129.70 and its 200 day moving average price is $129.55. Incyte Corporation has a 52 week low of $77.58 and a 52 week high of $153.15. The firm’s market capitalization is $24.93 billion.

Incyte Corporation (NASDAQ:INCY) last issued its earnings results on Tuesday, August 1st. The biopharmaceutical company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.01. Incyte Corporation had a negative net margin of 11.77% and a negative return on equity of 21.57%. The company had revenue of $326.40 million during the quarter, compared to analyst estimates of $318.45 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was up 32.5% on a year-over-year basis. On average, analysts expect that Incyte Corporation will post ($0.86) EPS for the current year.

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INCY has been the topic of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and set a $142.00 price target on shares of Incyte Corporation in a research report on Friday, May 19th. BMO Capital Markets increased their price target on Incyte Corporation from $144.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Zacks Investment Research raised Incyte Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. BidaskClub raised Incyte Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, TheStreet downgraded Incyte Corporation from a “c+” rating to a “d+” rating in a research report on Thursday, May 4th. Eight analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Incyte Corporation currently has an average rating of “Buy” and an average target price of $140.16.

Several institutional investors have recently modified their holdings of INCY. State Street Corp increased its position in shares of Incyte Corporation by 110.7% in the first quarter. State Street Corp now owns 7,581,684 shares of the biopharmaceutical company’s stock valued at $1,013,437,000 after buying an additional 3,983,207 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Incyte Corporation by 22.7% in the first quarter. Vanguard Group Inc. now owns 15,415,857 shares of the biopharmaceutical company’s stock valued at $2,060,638,000 after buying an additional 2,847,907 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Incyte Corporation by 4,570.1% in the second quarter. Janus Henderson Group PLC now owns 1,045,363 shares of the biopharmaceutical company’s stock valued at $131,622,000 after buying an additional 1,022,979 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Incyte Corporation during the first quarter valued at about $85,751,000. Finally, Geode Capital Management LLC increased its position in shares of Incyte Corporation by 42.0% in the first quarter. Geode Capital Management LLC now owns 1,780,064 shares of the biopharmaceutical company’s stock valued at $237,618,000 after buying an additional 526,163 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

About Incyte Corporation

Incyte Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late-stage development, and commercialized products, such as JAKAFI (ruxolitinib) and ICLUSIG (ponatinib).

Insider Buying and Selling by Quarter for Incyte Corporation (NASDAQ:INCY)

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