Insider Selling: Stanley T. Crooke Unloads 16,000 Shares of ISIS Pharmaceuticals Stock (ISIS)

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ISIS Pharmaceuticals (NASDAQ:ISIS) CEO Stanley T. Crooke sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $30.53, for a total transaction of $488,480.00. Following the completion of the transaction, the chief executive officer now directly owns 6,941 shares in the company, valued at approximately $211,909. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ISIS Pharmaceuticals (NASDAQ:ISIS) traded down 1.90% during mid-day trading on Friday, hitting $30.40. 1,445,586 shares of the company’s stock traded hands. ISIS Pharmaceuticals has a 52 week low of $22.25 and a 52 week high of $62.66. The stock’s 50-day moving average is $32.45 and its 200-day moving average is $38.23. The company’s market cap is $3.574 billion.

ISIS Pharmaceuticals (NASDAQ:ISIS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.23) by $0.04. The company had revenue of $28.20 million for the quarter, compared to the consensus estimate of $35.12 million. During the same quarter last year, the company posted ($0.02) earnings per share. ISIS Pharmaceuticals’s revenue was down 35.0% compared to the same quarter last year. On average, analysts predict that ISIS Pharmaceuticals will post $-0.71 earnings per share for the current fiscal year.

A number of research firms have recently commented on ISIS. Analysts at Zacks reiterated a “neutral” rating on shares of ISIS Pharmaceuticals in a research note on Thursday, June 5th. They now have a $29.00 price target on the stock. Separately, analysts at Summer Street reiterated a “neutral” rating on shares of ISIS Pharmaceuticals in a research note on Friday, May 23rd. Finally, analysts at TheStreet downgraded shares of ISIS Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. ISIS Pharmaceuticals has an average rating of “Hold” and an average target price of $41.10.

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