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Amphastar Pharmaceuticals executive sells $271,388 in stock

Published 11/09/2024, 08:04 AM
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Liawatidewi Yakob, Executive Vice President of Corporate Administration at Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH), recently executed a notable stock transaction. On November 6, Yakob sold 5,214 shares of common stock at a price of $52.05 per share, totaling approximately $271,388. This sale was conducted under a pre-established Rule 10b5-1 trading plan, which was put in place on November 17, 2023.

In addition to the sale, Yakob exercised options to acquire 5,214 shares of common stock at a price of $13.03 per share, totaling $67,938. Following these transactions, Yakob holds 74,938 shares directly and an additional 2,459 shares indirectly through the Yakob and Sunmoon Trust, where she serves as a trustee.

In other recent news, Amphastar Pharmaceuticals Inc. held its third-quarter earnings call, where it discussed its financial results and provided an outlook for future periods. The call was led by several key executives, including CFO Bill Peters and Senior Vice President of Corporate Communications, Dan Dischner. During the call, the company made forward-looking statements based on currently available information, but emphasized that these could be impacted by various factors in the future.

Amphastar's management also focused on non-GAAP measures, providing important information and reconciliations to U.S. GAAP in the earnings release. This approach suggests a commitment to transparency and a clear understanding of the company's financials for investors. No specific financial misses were mentioned during the call, further indicating a stable financial performance for the reported quarter.

The earnings call concluded with a question-and-answer session, allowing participants to engage with the company's executives. It's important to note that these are recent developments and investors are encouraged to review the company's SEC filings for a comprehensive understanding of risks and uncertainties that could affect its performance.

InvestingPro Insights

To provide additional context to Liawatidewi Yakob's recent stock transaction at Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH), let's examine some key financial metrics and insights from InvestingPro.

As of the latest data, Amphastar's market capitalization stands at $2.34 billion, reflecting its position as a mid-cap pharmaceutical company. The company's P/E ratio of 15.04 suggests that it's trading at a relatively modest valuation compared to its earnings. This is further supported by an InvestingPro Tip indicating that AMPH is "Trading at a low P/E ratio relative to near-term earnings growth," which could be of interest to value-oriented investors.

Amphastar has demonstrated strong financial performance, with revenue growth of 20.33% over the last twelve months as of Q3 2024, reaching $723.55 million. The company's profitability is also noteworthy, with a gross profit margin of 52.92% and an operating income margin of 29.29% for the same period. These figures align with another InvestingPro Tip stating that the company has been "Profitable over the last twelve months."

It's worth noting that while Yakob has sold shares, an InvestingPro Tip reveals that "Management has been aggressively buying back shares." This corporate action could potentially signal confidence in the company's future prospects and may help support the stock price.

For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights. Currently, there are 9 more InvestingPro Tips available for Amphastar Pharmaceuticals, which could provide a deeper understanding of the company's financial health and market position.

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

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