Peter Mueller Acquires 4,007 Shares of BioXcel Therapeutics Inc (BTAI) Stock

BioXcel Therapeutics Inc (NASDAQ:BTAI) Director Peter Mueller purchased 4,007 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was purchased at an average price of $5.13 per share, for a total transaction of $20,555.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Peter Mueller also recently made the following trade(s):

  • On Friday, December 7th, Peter Mueller purchased 8,795 shares of BioXcel Therapeutics stock. The stock was purchased at an average price of $5.01 per share, for a total transaction of $44,062.95.

Shares of NASDAQ:BTAI opened at $4.73 on Friday. BioXcel Therapeutics Inc has a 52-week low of $4.65 and a 52-week high of $14.79.

BioXcel Therapeutics (NASDAQ:BTAI) last announced its quarterly earnings results on Friday, November 9th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.05). On average, research analysts anticipate that BioXcel Therapeutics Inc will post -1.2 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Creative Planning bought a new position in shares of BioXcel Therapeutics in the third quarter valued at approximately $102,000. Point72 Asset Management L.P. lifted its holdings in shares of BioXcel Therapeutics by 10.7% in the second quarter. Point72 Asset Management L.P. now owns 65,809 shares of the company’s stock valued at $605,000 after purchasing an additional 6,358 shares in the last quarter. BlackRock Inc. bought a new position in shares of BioXcel Therapeutics in the second quarter valued at approximately $137,000. Artemis Investment Management LLP lifted its holdings in shares of BioXcel Therapeutics by 1.3% in the third quarter. Artemis Investment Management LLP now owns 1,254,853 shares of the company’s stock valued at $9,700,000 after purchasing an additional 16,358 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of BioXcel Therapeutics in the first quarter valued at approximately $316,000. Institutional investors own 20.79% of the company’s stock.

BTAI has been the topic of several recent research reports. Canaccord Genuity reiterated a “buy” rating and issued a $21.00 price target on shares of BioXcel Therapeutics in a report on Friday, August 10th. Zacks Investment Research upgraded BioXcel Therapeutics from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Tuesday, August 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.67.

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BioXcel Therapeutics Company Profile

BioXcel Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on novel artificial intelligence-based drug development in the fields of neuroscience and immuno-oncology in the United States. The company is involved in developing BXCL501, a sublingual thin film formulation of dexmedetomidine designed for acute treatment of agitation resulting from neurological and psychiatric disorders; and BXCL701, an immuno-oncology agent designed for the treatment of prostate and pancreatic cancers.

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