Corbus Pharmaceuticals Holdings Inc (CRBP) Insider Barbara White Acquires 4,638 Shares

Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) insider Barbara White acquired 4,638 shares of Corbus Pharmaceuticals stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $6.47 per share, with a total value of $30,007.86. Following the purchase, the insider now directly owns 184,159 shares in the company, valued at $1,191,508.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of CRBP stock traded up $0.31 on Thursday, hitting $6.83. 2,275,625 shares of the stock were exchanged, compared to its average volume of 1,711,379. The company has a market capitalization of $385.87 million, a price-to-earnings ratio of -6.97 and a beta of 2.17. Corbus Pharmaceuticals Holdings Inc has a one year low of $4.50 and a one year high of $9.11.

Corbus Pharmaceuticals (NASDAQ:CRBP) last posted its quarterly earnings results on Tuesday, March 12th. The biopharmaceutical company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.07). The firm had revenue of $1.93 million for the quarter, compared to the consensus estimate of $1.99 million. Corbus Pharmaceuticals had a negative return on equity of 101.91% and a negative net margin of 1,154.52%. On average, analysts predict that Corbus Pharmaceuticals Holdings Inc will post -0.91 EPS for the current fiscal year.



A number of research analysts have issued reports on the company. BidaskClub upgraded Corbus Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. HC Wainwright assumed coverage on Corbus Pharmaceuticals in a research note on Wednesday, December 26th. They issued a “buy” rating and a $24.00 price objective for the company. Cantor Fitzgerald restated a “buy” rating and issued a $38.00 price objective on shares of Corbus Pharmaceuticals in a research note on Tuesday. ValuEngine upgraded Corbus Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 31st. Finally, Zacks Investment Research downgraded Corbus Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $26.75.

Hedge funds have recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Corbus Pharmaceuticals by 5,967.8% during the 4th quarter. Barclays PLC now owns 9,041 shares of the biopharmaceutical company’s stock worth $52,000 after acquiring an additional 8,892 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in shares of Corbus Pharmaceuticals by 357.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,973 shares of the biopharmaceutical company’s stock worth $99,000 after acquiring an additional 13,265 shares during the period. D.A. Davidson & CO. bought a new position in shares of Corbus Pharmaceuticals during the 3rd quarter worth $156,000. Bank of America Corp DE lifted its holdings in Corbus Pharmaceuticals by 6.7% during the 4th quarter. Bank of America Corp DE now owns 37,304 shares of the biopharmaceutical company’s stock worth $218,000 after purchasing an additional 2,335 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Corbus Pharmaceuticals by 52.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 35,884 shares of the biopharmaceutical company’s stock worth $271,000 after purchasing an additional 12,380 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

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About Corbus Pharmaceuticals

Corbus Pharmaceuticals Holdings, Inc, a clinical-stage pharmaceutical company, focuses on the development and commercialization of various therapeutics to treat rare, chronic, and serious inflammatory and fibrotic diseases. Its lead product candidate is lenabasum, a synthetic oral endocannabinoid-mimetic drug to resolve chronic inflammation and fibrotic processes in systemic sclerosis, cystic fibrosis, dermatomyositis, and systemic lupus erythematosus diseases.

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