The CFO & Treasurer of SAGE Therapeutics is Exercising Options

By Carrie Williams

Today it was reported that the CFO & Treasurer of SAGE Therapeutics (SAGEResearch Report), Kimi Iguchi, exercised options to buy 4,723 SAGE shares at $0.45 a share, for a total transaction value of $2,125.

This recent transaction increases Kimi Iguchi’s holding in the company by 334.25% to a total of $926K.

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Based on SAGE Therapeutics’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $273K and GAAP net loss of $158 million. In comparison, last year the company earned revenue of $0 and had a GAAP net loss of $69.42 million. Currently, SAGE Therapeutics has an average volume of 360.9K. The Company has a Price to Book ratio of 8.1995.

Based on 11 analyst ratings, the analyst consensus is Strong Buy with an average price target of $195.30, reflecting a 25.5% upside. 10 different firms, including BMO Capital and Cowen & Co., currently also have a Buy rating on the stock. Starting in January 2019, SAGE received 9 Buy ratings in a row.

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SAGE Therapeutics, Inc. operates as clinical stage biopharmaceutical company, which engages in the development and commercialization of novel medicines to treat life-altering central nervous system. Its programs include brexanolone, which is an acute interventional treatment for postpartum depression; and SAGE-217, an oral therapy for treatment of various CNS disorders. The company was founded by Steven Marc Paul and Douglas Covey in April 2010 and is headquartered in Cambridge, MA.