Collegium Pharmaceutical Inc (NASDAQ:COLL) Chairman Michael Thomas Heffernan sold 20,000 shares of Collegium Pharmaceutical stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $22.50, for a total transaction of $450,000.00. Following the sale, the chairman now owns 538,987 shares of the company’s stock, valued at $12,127,207.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Michael Thomas Heffernan also recently made the following trade(s):
- On Wednesday, November 15th, Michael Thomas Heffernan sold 50,000 shares of Collegium Pharmaceutical stock. The shares were sold at an average price of $15.53, for a total transaction of $776,500.00.
Collegium Pharmaceutical Inc (NASDAQ COLL) traded up $3.17 on Friday, hitting $23.38. 1,660,607 shares of the company traded hands, compared to its average volume of 595,466. Collegium Pharmaceutical Inc has a 1 year low of $7.37 and a 1 year high of $23.53. The firm has a market cap of $880.72 and a PE ratio of -7.87.
Collegium Pharmaceutical (NASDAQ:COLL) last posted its earnings results on Wednesday, November 8th. The specialty pharmaceutical company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.28. Collegium Pharmaceutical had a negative net margin of 447.83% and a negative return on equity of 77.11%. The firm had revenue of $11.95 million during the quarter, compared to analysts’ expectations of $5.31 million. During the same period in the previous year, the business posted ($1.13) EPS. The business’s revenue was up 2814.6% compared to the same quarter last year. sell-side analysts forecast that Collegium Pharmaceutical Inc will post -2.52 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in shares of Collegium Pharmaceutical in the 4th quarter valued at $176,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Collegium Pharmaceutical by 13.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 51,119 shares of the specialty pharmaceutical company’s stock valued at $944,000 after purchasing an additional 6,083 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Collegium Pharmaceutical by 87.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,500 shares of the specialty pharmaceutical company’s stock valued at $138,000 after purchasing an additional 3,500 shares during the period. Pura Vida Investments LLC acquired a new position in shares of Collegium Pharmaceutical in the 3rd quarter valued at $1,229,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Collegium Pharmaceutical by 12.8% in the 3rd quarter. Wells Fargo & Company MN now owns 45,254 shares of the specialty pharmaceutical company’s stock valued at $475,000 after purchasing an additional 5,136 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.
COLL has been the subject of several research reports. Needham & Company LLC lifted their price objective on shares of Collegium Pharmaceutical from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. They noted that the move was a valuation call. HC Wainwright restated a “buy” rating and set a $21.00 price objective on shares of Collegium Pharmaceutical in a research note on Friday, November 17th. BidaskClub cut shares of Collegium Pharmaceutical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 9th. Piper Jaffray Companies restated a “buy” rating and set a $24.00 price objective on shares of Collegium Pharmaceutical in a research note on Thursday, December 7th. Finally, Jefferies Group lifted their price objective on shares of Collegium Pharmaceutical to $27.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.33.
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Collegium Pharmaceutical Company Profile
Collegium Pharmaceutical, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing abuse-deterrent products that incorporate its DETERx platform technology for the treatment of chronic pain and other diseases. Its products include Xtampza ER and ONSOLIS. Its DETERx platform provides extended-release drug delivery, while safeguarding against common methods of abuse and tampering, including crushing, chewing, and heating and injecting.
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