Cidara Therapeutics, Inc. (NASDAQ:CDTX – Get Free Report) insider Leslie Tari sold 1,773 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $21.96, for a total value of $38,935.08. Following the completion of the transaction, the insider now directly owns 16,215 shares in the company, valued at $356,081.40. This trade represents a 9.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Cidara Therapeutics Price Performance
Shares of CDTX opened at $22.05 on Friday. The company has a market capitalization of $155.39 million, a PE ratio of -0.86 and a beta of 0.88. Cidara Therapeutics, Inc. has a one year low of $10.00 and a one year high of $28.42. The company’s fifty day moving average price is $22.08 and its 200 day moving average price is $17.80.
Cidara Therapeutics (NASDAQ:CDTX – Get Free Report) last announced its earnings results on Thursday, March 6th. The biotechnology company reported ($5.38) EPS for the quarter, missing the consensus estimate of ($5.28) by ($0.10). Cidara Therapeutics had a negative return on equity of 69.64% and a negative net margin of 289.05%. Analysts anticipate that Cidara Therapeutics, Inc. will post -8.74 earnings per share for the current year.
Wall Street Analyst Weigh In
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cidara Therapeutics during the 4th quarter worth about $56,000. Northern Trust Corp increased its stake in Cidara Therapeutics by 6.8% in the fourth quarter. Northern Trust Corp now owns 33,957 shares of the biotechnology company’s stock valued at $913,000 after acquiring an additional 2,170 shares during the period. Point72 Asset Management L.P. bought a new stake in Cidara Therapeutics in the fourth quarter valued at about $165,000. Geode Capital Management LLC increased its stake in Cidara Therapeutics by 22.7% in the third quarter. Geode Capital Management LLC now owns 52,898 shares of the biotechnology company’s stock valued at $569,000 after acquiring an additional 9,771 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in Cidara Therapeutics in the fourth quarter valued at about $339,000. Institutional investors own 35.82% of the company’s stock.
Cidara Therapeutics Company Profile
Cidara Therapeutics, Inc, a biotechnology company, focuses on developing targeted therapies for patients facing cancers and other serious diseases. The company's product includes rezafungin acetate, a novel molecule in the echinocandin class of antifungals for the treatment and prevention of invasive fungal infections, including candidemia and invasive candidiasis, which are fungal infections associated with high mortality rates.
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