Corcept therapeutics director Daniel Swisher sells stock for $154,484

Published 14/04/2025, 23:00
Corcept therapeutics director Daniel Swisher sells stock for $154,484

Daniel N. Swisher Jr., a director at Corcept Therapeutics Inc. (NASDAQ:CORT), executed a series of stock transactions on April 10, 2025, according to a recent SEC filing. Swisher exercised stock options to acquire 2,200 shares of Corcept’s common stock at a price of $12.13 per share. Subsequently, he sold the same number of shares at a price of $70.22 per share, resulting in a total transaction value of $154,484. The transaction comes as Corcept shows remarkable performance, with InvestingPro data showing a 187% return over the past year and strong financial health metrics.

The sale was conducted as part of a pre-established 10b5-1 trading plan, which Swisher adopted on August 1, 2024. Following these transactions, Swisher no longer holds any shares directly from this particular exercise and sale. According to InvestingPro analysis, Corcept currently appears fairly valued, with a market capitalization of $7.1 billion and impressive gross profit margins of 98%. For deeper insights into Corcept’s valuation and 16 additional ProTips, subscribers can access the comprehensive Pro Research Report.

In other recent news, Corcept Therapeutics has initiated a Phase 2 trial named BELLA to evaluate the efficacy and safety of relacorilant in combination with nab-paclitaxel and bevacizumab for patients with platinum-resistant ovarian cancer. This follows the successful results from the pivotal Phase 3 ROSELLA trial, which demonstrated that the combination therapy led to a 30% reduction in disease progression risk and improved overall survival rates. The company plans to submit a New Drug Application in the third quarter of 2025, with submissions in the European Union to follow shortly thereafter.

Analysts have responded positively to these developments. Piper Sandler increased Corcept’s stock price target to $131, maintaining an Overweight rating, and highlighted the potential $1 billion sales opportunity for relacorilant in the PROC market. Truist Securities also raised its target to $150, citing the drug’s competitive performance compared to similar treatments and its potential peak sales of approximately $800 million by 2035. H.C. Wainwright followed suit, raising its target to $150 and maintaining a Buy rating, noting the favorable comparison of relacorilant’s performance against AbbVie (NYSE:ABBV)’s Elahere.

The ROSELLA trial’s success is notable for its dual primary endpoints of progression-free survival and overall survival, reflecting significant advancement in treatment for platinum-resistant ovarian cancer. The trial involved 381 patients across multiple international sites, underscoring its comprehensive nature. Corcept’s Chief Development Officer expressed optimism about establishing relacorilant as a new standard of care for this challenging form of ovarian cancer.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.