Insider Sale: Collegium Pharmaceutical, Inc. (NASDAQ: COLL) CFO Sells 4,350 Shares

Collegium Pharmaceutical, Inc. (NASDAQ: COLL – Get a rating) CFO Colleen Tupper sold 4,350 shares of Collegium Pharmaceutical in a trade that took place on Tuesday, October 4. The stock was sold at an average price of $17.35, for a total transaction of $75,472.50. Following the completion of the transaction, the CFO now owns 90,304 shares of the company, valued at approximately $1,566,774.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

Performance of Collegium Pharmaceutical shares

Shares of Collegium Pharmaceutical traded down $0.15 in Thursday’s session, hitting $16.85. The company’s shares had a trading volume of 143,739 shares, compared to an average volume of 322,668. The company has a 50-day moving average price of $17.61 and a two-hundred-day moving average price of 17, $38. Collegium Pharmaceutical, Inc. has a fifty-two-week low of $14.04 and a fifty-two-week high of $22.89. The company has a market capitalization of $575.02 million, a PE ratio of -16.35, a P/E/G ratio of 0.21 and a beta of 0.87. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt ratio of 3.16.

Collegium Pharmaceutical (NASDAQ: COLL- Get a rating) last announced its results on Thursday, August 4. The specialty pharmaceutical company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $1.15 per ($1.19). Collegium Pharmaceutical had a negative return on equity of 2.12% and a negative net margin of 11.24%. The company posted revenue of $123.55 million for the quarter, versus analyst estimates of $122.63 million. On average, analysts expect Collegium Pharmaceutical, Inc. to post EPS of 4.21 for the current year.

Hedge funds weigh on Collegium Pharmaceutical

A number of large investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in Collegium Pharmaceutical by 22.6% in the second quarter. Principal Financial Group Inc. now owns 1,738,291 shares of the specialty pharmaceutical company valued at $30,802,000 after purchasing an additional 320,778 shares during the period. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income acquired a new position in shares of Collegium Pharmaceutical during the 2nd quarter with a value of $5,660,000. Emerald Advisers LLC increased its stake in Collegium Pharmaceutical by 39.2% during the first quarter. Emerald Advisers LLC now owns 800,118 shares of the specialty pharmaceutical company worth $16,290,000 after purchasing an additional 225,281 shares last quarter. Royce & Associates LP increased its position in Collegium Pharmaceutical by 58.0% during the second quarter. Royce & Associates LP now owns 460,243 shares of the specialty pharmaceutical company worth $8,156,000 after purchasing an additional 168,989 shares during the period. Finally, State Street Corp increased its stake in Collegium Pharmaceutical by 14.4% in the first quarter. State Street Corp now owns 1,308,167 shares of the specialty pharmaceutical company valued at $26,634,000 after buying an additional 165,144 shares last quarter.

Analyst upgrades and downgrades

Separately, HC Wainwright downgraded Collegium Pharmaceutical to a “neutral” rating in a Monday, August 15 report. Two analysts rated the stock with a hold rating and three gave the company a buy rating. According to data from, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.25.

About Collegium Pharmaceutical

(Get a rating)

Collegium Pharmaceutical, Inc., a specialty pharmaceutical company, develops and markets drugs for pain management. Its portfolio includes Xtampza ER, an oral, extended-release, abuse-deterrent oxycodone formulation; Nucynta ER and Nucynta IR, which are extended-release and immediate-release formulations of tapentadol; and Xtampza ER for the management of pain severe enough to require daily, around-the-clock, long-term opioid therapy.

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