Cara Therapeutics Inc (NASDAQ:CARA) CEO Derek T. Chalmers sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $25.79, for a total transaction of $257,900.00. Following the sale, the chief executive officer now directly owns 918,468 shares in the company, valued at $23,687,289.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of CARA traded up $0.10 during midday trading on Wednesday, hitting $17.03. 2,483,305 shares of the company traded hands, compared to its average volume of 725,814. The stock has a 50-day moving average of $21.49 and a 200-day moving average of $21.62. Cara Therapeutics Inc has a one year low of $12.19 and a one year high of $27.55. The firm has a market cap of $1.04 billion, a P/E ratio of -8.27 and a beta of 2.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.21 and a quick ratio of 4.21.
Cara Therapeutics (NASDAQ:CARA) last announced its quarterly earnings results on Tuesday, November 5th. The biopharmaceutical company reported ($0.74) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.59) by ($0.15). Cara Therapeutics had a negative net margin of 470.70% and a negative return on equity of 70.35%. The company had revenue of $5.79 million for the quarter, compared to the consensus estimate of $5.56 million. Sell-side analysts forecast that Cara Therapeutics Inc will post -2.55 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Aperio Group LLC bought a new stake in shares of Cara Therapeutics during the second quarter valued at about $88,000. Russell Investments Group Ltd. bought a new stake in shares of Cara Therapeutics during the third quarter valued at about $110,000. Penserra Capital Management LLC bought a new position in shares of Cara Therapeutics in the third quarter worth approximately $180,000. Squarepoint Ops LLC bought a new position in shares of Cara Therapeutics in the third quarter worth approximately $190,000. Finally, Sfmg LLC bought a new position in shares of Cara Therapeutics in the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 76.08% of the company’s stock.
Cara Therapeutics Company Profile
Cara Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on developing and commercializing chemical entities with a primary focus on pruritus and pain by selectively targeting kappa opioid receptors in the United States. The company is developing product candidates that target the body's peripheral nervous system and immune cells.
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