Insider Selling: Supernus Pharmaceuticals Inc (SUPN) VP Sells 20,000 Shares of Stock

Supernus Pharmaceuticals Inc (NASDAQ:SUPN) VP Padmanabh P. Bhatt sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $44.98, for a total value of $899,600.00. Following the transaction, the vice president now directly owns 32,500 shares of the company’s stock, valued at approximately $1,461,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Supernus Pharmaceuticals Inc (NASDAQ:SUPN) opened at $43.55 on Friday. The firm has a market capitalization of $2,230.00, a PE ratio of 39.59 and a beta of 1.17. Supernus Pharmaceuticals Inc has a twelve month low of $23.10 and a twelve month high of $50.04.

Supernus Pharmaceuticals (NASDAQ:SUPN) last released its quarterly earnings results on Monday, November 6th. The specialty pharmaceutical company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The company had revenue of $80.40 million for the quarter, compared to analysts’ expectations of $78.74 million. Supernus Pharmaceuticals had a return on equity of 26.37% and a net margin of 20.98%. Supernus Pharmaceuticals’s revenue for the quarter was up 41.5% on a year-over-year basis. equities analysts forecast that Supernus Pharmaceuticals Inc will post 1.07 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in SUPN. Vanguard Group Inc. grew its holdings in shares of Supernus Pharmaceuticals by 39.1% during the second quarter. Vanguard Group Inc. now owns 3,500,535 shares of the specialty pharmaceutical company’s stock worth $150,873,000 after purchasing an additional 984,200 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Supernus Pharmaceuticals by 438.7% during the third quarter. Pictet Asset Management Ltd. now owns 491,283 shares of the specialty pharmaceutical company’s stock worth $19,651,000 after purchasing an additional 400,083 shares during the last quarter. Scout Investments Inc. grew its holdings in shares of Supernus Pharmaceuticals by 239.5% during the third quarter. Scout Investments Inc. now owns 565,900 shares of the specialty pharmaceutical company’s stock worth $22,636,000 after purchasing an additional 399,225 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Supernus Pharmaceuticals during the third quarter worth about $10,646,000. Finally, Royal Bank of Canada grew its holdings in shares of Supernus Pharmaceuticals by 790.8% during the second quarter. Royal Bank of Canada now owns 271,451 shares of the specialty pharmaceutical company’s stock worth $11,699,000 after purchasing an additional 240,978 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Several research analysts have commented on SUPN shares. Zacks Investment Research downgraded Supernus Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. FBR & Co started coverage on Supernus Pharmaceuticals in a research note on Thursday, October 19th. They set a “buy” rating and a $53.00 target price for the company. Janney Montgomery Scott raised Supernus Pharmaceuticals from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Monday, December 4th. Stifel Nicolaus raised Supernus Pharmaceuticals from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, November 7th. Finally, Cowen set a $50.00 target price on Supernus Pharmaceuticals and gave the stock a “buy” rating in a research note on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $49.90.

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About Supernus Pharmaceuticals

Supernus Pharmaceuticals, Inc is a pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases. The Company offers Oxtellar XR (extended-release oxcarbazepine) and Trokendi XR (extended-release topiramate), its two treatments for patients with epilepsy.

Insider Buying and Selling by Quarter for Supernus Pharmaceuticals (NASDAQ:SUPN)

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