Collegium Pharmaceutical (NASDAQ:COLL) Chairman Michael Thomas Heffernan sold 44,400 shares of the company’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $26.00, for a total value of $1,154,400.00. Following the completion of the transaction, the chairman now directly owns 545,893 shares of the company’s stock, valued at $14,193,218. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Michael Thomas Heffernan also recently made the following trade(s):
- On Tuesday, January 23rd, Michael Thomas Heffernan sold 20,000 shares of Collegium Pharmaceutical stock. The shares were sold at an average price of $25.01, for a total value of $500,200.00.
Shares of COLL stock traded down $0.45 during trading hours on Monday, hitting $24.22. The stock had a trading volume of 182,835 shares, compared to its average volume of 581,276. The company has a market capitalization of $814.79, a P/E ratio of -9.81 and a beta of 0.76. Collegium Pharmaceutical has a twelve month low of $7.37 and a twelve month high of $29.90.
COLL has been the subject of a number of research analyst reports. BidaskClub downgraded Collegium Pharmaceutical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research downgraded Collegium Pharmaceutical from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Needham & Company LLC upped their price target on Collegium Pharmaceutical from $28.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Piper Jaffray set a $33.00 price target on Collegium Pharmaceutical and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Collegium Pharmaceutical in a report on Thursday, March 8th. Nine research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $30.83.
Several hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its holdings in shares of Collegium Pharmaceutical by 21.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,616,117 shares of the specialty pharmaceutical company’s stock valued at $29,833,000 after acquiring an additional 286,138 shares during the period. LPL Financial LLC boosted its holdings in shares of Collegium Pharmaceutical by 6.4% in the fourth quarter. LPL Financial LLC now owns 151,085 shares of the specialty pharmaceutical company’s stock valued at $2,789,000 after acquiring an additional 9,082 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Collegium Pharmaceutical by 11.3% in the fourth quarter. Teachers Advisors LLC now owns 66,533 shares of the specialty pharmaceutical company’s stock valued at $1,228,000 after acquiring an additional 6,739 shares during the period. Raymond James & Associates acquired a new stake in shares of Collegium Pharmaceutical in the fourth quarter valued at approximately $389,000. Finally, California State Teachers Retirement System boosted its holdings in shares of Collegium Pharmaceutical by 10.5% in the fourth quarter. California State Teachers Retirement System now owns 39,499 shares of the specialty pharmaceutical company’s stock valued at $729,000 after acquiring an additional 3,752 shares during the period. 86.33% of the stock is owned by institutional investors and hedge funds.
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Collegium Pharmaceutical Company Profile
Collegium Pharmaceutical, Inc, a specialty pharmaceutical company, develops and commercializes various products for patients suffering from pain. It provides DETERx platform technology that is designed to maintain the extended-release and safety profiles of highly abused drugs in the face of various methods of abuse and tampering, including chewing, crushing, and/or dissolving.
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