Traders Sell Regeneron Pharmaceuticals, Inc. (REGN) on Strength Following Insider Selling

Investors sold shares of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) on strength during trading hours on Wednesday following insider selling activity. $60.88 million flowed into the stock on the tick-up and $95.66 million flowed out of the stock on the tick-down, for a money net flow of $34.78 million out of the stock. Of all companies tracked, Regeneron Pharmaceuticals had the 22nd highest net out-flow for the day. Regeneron Pharmaceuticals traded up $0.42 for the day and closed at $456.05Specifically, SVP Robert E. Landry sold 526 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $472.19, for a total transaction of $248,371.94. Following the completion of the transaction, the senior vice president now directly owns 9,099 shares in the company, valued at $4,296,456.81. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Charles A. Baker sold 2,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $450.00, for a total value of $900,000.00. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at $4,950,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,968 shares of company stock valued at $41,599,948. Company insiders own 10.80% of the company’s stock.

A number of research analysts recently issued reports on the company. J P Morgan Chase & Co reiterated a “hold” rating on shares of Regeneron Pharmaceuticals in a report on Tuesday, August 15th. Leerink Swann reiterated an “outperform” rating and issued a $580.00 target price (up from $573.00) on shares of Regeneron Pharmaceuticals in a report on Wednesday, August 9th. Zacks Investment Research upgraded Regeneron Pharmaceuticals from a “hold” rating to a “strong-buy” rating and set a $540.00 target price for the company in a report on Wednesday, August 9th. Robert W. Baird lowered Regeneron Pharmaceuticals from a “neutral” rating to an “underperform” rating and set a $408.00 target price for the company. in a report on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $472.00 target price (up from $469.00) on shares of Regeneron Pharmaceuticals in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $487.26.

The firm’s 50 day moving average price is $460.77 and its 200 day moving average price is $451.15. The firm has a market cap of $48.36 billion, a P/E ratio of 45.75 and a beta of 1.62.

Regeneron Pharmaceuticals (NASDAQ:REGN) last announced its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported $4.17 EPS for the quarter, beating the consensus estimate of $2.67 by $1.50. Regeneron Pharmaceuticals had a net margin of 22.05% and a return on equity of 25.58%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business earned $2.82 earnings per share. Regeneron Pharmaceuticals’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts forecast that Regeneron Pharmaceuticals, Inc. will post $14.93 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC acquired a new stake in shares of Regeneron Pharmaceuticals in the second quarter valued at approximately $130,000. Sterling Investment Advisors Ltd. increased its stake in shares of Regeneron Pharmaceuticals by 11.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 278 shares of the biopharmaceutical company’s stock valued at $137,000 after purchasing an additional 28 shares during the period. FNY Managed Accounts LLC acquired a new stake in shares of Regeneron Pharmaceuticals in the first quarter valued at approximately $140,000. FNY Partners Fund LP boosted its holdings in shares of Regeneron Pharmaceuticals by 200.0% in the second quarter. FNY Partners Fund LP now owns 300 shares of the biopharmaceutical company’s stock valued at $147,000 after acquiring an additional 200 shares in the last quarter. Finally, Alpha Windward LLC boosted its holdings in shares of Regeneron Pharmaceuticals by 0.3% in the second quarter. Alpha Windward LLC now owns 384 shares of the biopharmaceutical company’s stock valued at $189,000 after acquiring an additional 1 shares in the last quarter. Institutional investors own 67.95% of the company’s stock.

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About Regeneron Pharmaceuticals

Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.

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