Insider Selling: Amicus Therapeutics, Inc. (NASDAQ:FOLD) CEO Sells 449,295 Shares of Stock

Amicus Therapeutics, Inc. (NASDAQ:FOLD) CEO John F. Crowley sold 449,295 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $14.33, for a total value of $6,438,397.35. Following the completion of the sale, the chief executive officer now directly owns 380,723 shares in the company, valued at $5,455,760.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Amicus Therapeutics, Inc. (FOLD) traded up 2.60% during mid-day trading on Friday, reaching $13.80. The company had a trading volume of 274,283 shares. The company’s market capitalization is $2.27 billion. The stock has a 50 day moving average of $14.35 and a 200-day moving average of $11.26. Amicus Therapeutics, Inc. has a 52 week low of $4.41 and a 52 week high of $16.60.

Amicus Therapeutics (NASDAQ:FOLD) last announced its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.34) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.03. Amicus Therapeutics had a negative net margin of 1,279.88% and a negative return on equity of 61.25%. The company had revenue of $7.16 million during the quarter, compared to analysts’ expectations of $6.96 million. During the same period in the previous year, the company earned ($0.40) EPS. On average, analysts expect that Amicus Therapeutics, Inc. will post ($1.32) earnings per share for the current fiscal year.

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Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Amicus Therapeutics in a research report on Wednesday, October 4th. Zacks Investment Research raised Amicus Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub downgraded Amicus Therapeutics from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Chardan Capital reissued a “buy” rating and issued a $16.50 target price (down previously from $17.50) on shares of Amicus Therapeutics in a report on Wednesday, September 13th. Finally, Robert W. Baird increased their target price on Amicus Therapeutics from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.81.

A number of large investors have recently bought and sold shares of FOLD. Janus Henderson Group PLC purchased a new position in Amicus Therapeutics in the 2nd quarter valued at about $70,762,000. Wellington Management Group LLP boosted its position in Amicus Therapeutics by 358.4% in the 1st quarter. Wellington Management Group LLP now owns 5,341,132 shares of the biopharmaceutical company’s stock valued at $38,083,000 after buying an additional 4,175,995 shares during the last quarter. Morgan Stanley boosted its position in Amicus Therapeutics by 99.4% in the 1st quarter. Morgan Stanley now owns 6,128,481 shares of the biopharmaceutical company’s stock valued at $43,696,000 after buying an additional 3,055,039 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Amicus Therapeutics in the 1st quarter valued at about $21,394,000. Finally, Farallon Capital Management LLC purchased a new position in Amicus Therapeutics in the 2nd quarter valued at about $30,210,000.

About Amicus Therapeutics

Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.

Insider Buying and Selling by Quarter for Amicus Therapeutics (NASDAQ:FOLD)

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