Ocugen, Inc. (NASDAQ:OCGN) CEO Shankar Musunuri sold 195,809 shares of the stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $14.24, for a total value of $2,788,320.16. Following the sale, the chief executive officer now owns 601,809 shares in the company, valued at approximately $8,569,760.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ OCGN opened at $15.68 on Tuesday. The stock has a fifty day simple moving average of $8.12 and a two-hundred day simple moving average of $4.42. Ocugen, Inc. has a 1-year low of $0.17 and a 1-year high of $18.77. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of -10.59 and a beta of 3.56. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.13.
Ocugen (NASDAQ:OCGN) last posted its earnings results on Wednesday, March 17th. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. Analysts forecast that Ocugen, Inc. will post -0.28 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of OCGN. Arkadios Wealth Advisors grew its stake in shares of Ocugen by 12.5% during the first quarter. Arkadios Wealth Advisors now owns 11,250 shares of the company’s stock valued at $76,000 after buying an additional 1,250 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Ocugen by 29.2% in the 4th quarter. Victory Capital Management Inc. now owns 25,243 shares of the company’s stock worth $46,000 after buying an additional 5,712 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Ocugen during the first quarter valued at about $53,000. LMR Partners LLP bought a new position in Ocugen in the fourth quarter worth about $26,000. Finally, Royal Fund Management LLC bought a new position in shares of Ocugen in the 4th quarter worth approximately $30,000. 8.53% of the stock is owned by institutional investors and hedge funds.
Ocugen, Inc, a clinical-stage biopharmaceutical company, focuses on the developing gene therapies to cure blindness diseases. The company's pipeline product includes OCU400, a novel gene therapy product candidate restoring retinal integrity and function across a range of genetically diverse inherited retinal diseases, such as retinitis pigmentosa and leber congenital amaurosis; OCU410, gene therapy candidate for the treatment of dry age-related macular degeneration (AMD); and OCU200, a novel fusion protein that is in preclinical development stage for the treatment of diabetic macular edema, diabetic retinopathy, and wet AMD.
See Also: Lock-Up Period Expiration
Receive News & Ratings for Ocugen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocugen and related companies with MarketBeat.com's FREE daily email newsletter.