United Therapeutics Corp (NASDAQ:UTHR) has reported a series of transactions by Chairperson and CEO Martine A. Rothblatt, according to the company's latest SEC filings. Rothblatt engaged in both acquiring and disposing of shares in the pharmaceutical company, with sales totaling over $1.89 million.
The transactions, which occurred on May 8 and May 9, 2024, saw Rothblatt selling a total of 4,683 shares of United Therapeutics common stock at prices ranging from $261.33 to $268.30. The sales resulted in a total of approximately $1,898,392 in proceeds for Rothblatt.
In addition to the sales, Rothblatt also acquired shares through the exercise of options. On both days, she exercised options to purchase 3,600 shares of common stock at a set price of $129.49 per share, totaling $932,328. These transactions were part of a pre-arranged 10b5-1 trading plan, which allows company insiders to set up a trading schedule in advance to avoid accusations of insider trading.
The reported trades were executed in multiple transactions, and the prices mentioned for the sales reflect the weighted average price of the shares sold during the day. Full details of the number of shares sold at each price can be provided upon request by the SEC staff, the issuer, or a security holder of the issuer.
After the reported transactions, Rothblatt's direct ownership in United Therapeutics common stock has changed, as indicated in the SEC filing. The transactions are a routine part of managing her investment portfolio and are disclosed in compliance with federal securities regulations.
Investors often monitor insider transactions for insights into a company's health and the confidence that executives have in the company's future. United Therapeutics, with its focus on pharmaceutical preparations, continues to be a key player in the life sciences industry.
For more detailed information regarding the transactions, interested parties can refer to the full SEC Form 4 filing.
InvestingPro Insights
As United Therapeutics Corp (NASDAQ:UTHR) sees its Chairperson and CEO Martine A. Rothblatt engaging in notable transactions, investors might find the following insights from InvestingPro particularly pertinent. The company currently boasts a robust Market Cap of approximately $11.72 billion, reflecting its significant presence in the pharmaceutical industry. With a P/E Ratio sitting at a favorable 11.85, and even more appealing when adjusted for the last twelve months as of Q1 2024 at 11.38, United Therapeutics shows a strong position in terms of earnings. The PEG Ratio for the same period is an impressive 0.26, suggesting potential for growth relative to its earnings.
United Therapeutics also demonstrates a solid financial foundation, holding more cash than debt on its balance sheet—an InvestingPro Tip that indicates a stable fiscal position. Moreover, the company's Gross Profit Margin for the last twelve months as of Q1 2024 is an impressive 88.87%, underscoring its efficiency in managing production costs relative to sales.
For investors looking for steady performance, another InvestingPro Tip highlights that United Therapeutics has been trading with low price volatility. This, coupled with a strong return of 25.35% over the last year and a share price that is currently trading at 97.95% of its 52-week high, may suggest confidence among investors regarding the company's market position and future prospects.
For those seeking more InvestingPro Tips, there are additional insights available that could further inform investment decisions. For instance, the company's cash flows can sufficiently cover interest payments, and it is trading at a low P/E ratio relative to near-term earnings growth. With a total of 14 additional tips listed in InvestingPro, savvy investors can delve deeper into the company's financial health and performance trends.
United Therapeutics appears to be a company with strong fundamentals and promising indicators for investors. To explore these metrics in more detail and to discover more tips, visit InvestingPro. Don't forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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