Insider Buying: SCYNEXIS Inc (SCYX) CEO Purchases $40,750.00 in Stock

SCYNEXIS Inc (NASDAQ:SCYX) CEO Marco Taglietti acquired 25,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was purchased at an average cost of $1.63 per share, for a total transaction of $40,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 506,000 shares of the company’s stock, valued at approximately $824,780. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SCYNEXIS stock opened at $1.65 on Friday. The stock has a market cap of $82.74 million, a P/E ratio of -3.37 and a beta of 2.38. SCYNEXIS Inc has a 52 week low of $0.35 and a 52 week high of $2.15. The company has a current ratio of 8.76, a quick ratio of 8.76 and a debt-to-equity ratio of 0.48.

A number of brokerages have recently weighed in on SCYX. Zacks Investment Research lowered SCYNEXIS from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price objective on shares of SCYNEXIS in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $4.93.

Institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP acquired a new stake in SCYNEXIS during the fourth quarter worth about $80,000. Deutsche Bank AG acquired a new stake in SCYNEXIS during the fourth quarter worth about $121,000. Finally, Stonepine Capital Management LLC acquired a new stake in SCYNEXIS during the third quarter worth about $539,000. 33.41% of the stock is currently owned by hedge funds and other institutional investors.

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SCYNEXIS, Inc, a drug development company, develops and commercializes anti-infectives to address unmet therapeutic needs. It is developing its lead product candidate, SCY-078, as a novel oral and intravenous drug for the treatment of various fungal infections, including serious and life-threatening invasive fungal infections.

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Insider Buying and Selling by Quarter for SCYNEXIS (NASDAQ:SCYX)

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