Andrew Regan Sells 1,389,820 Shares of Conduit Pharmaceuticals Inc. (NASDAQ:CDT) Stock

Conduit Pharmaceuticals Inc. (NASDAQ:CDT) Director Andrew Regan sold 1,389,820 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $0.25, for a total transaction of $347,455.00. Following the sale, the director now directly owns 12,941,319 shares of the company’s stock, valued at $3,235,329.75. The sale was disclosed in a document filed with the SEC, which is available through this link.

Andrew Regan also recently made the following trade(s):

• On Wednesday, July 17th, Andrew Regan sold 1,514,100 shares of Conduit Pharmaceuticals stock. The stock was sold at an average price of $0.26, for a total transaction of $393,666.00.
• On Monday, July 15th, Andrew Regan sold 1,005,200 shares of Conduit Pharmaceuticals stock. The stock was sold at an average price of $0.25, for a total transaction of $251,300.00.
• On Wednesday, July 10th, Andrew Regan sold 150,000 shares of Conduit Pharmaceuticals stock. The stock was sold at an average price of $0.33, for a total value of $49,500.00.
• On Monday, July 8th, Andrew Regan sold 35,923 shares of Conduit Pharmaceuticals stock. The shares were sold at an average price of $0.51, for a total value of $18,320.73.
• On Wednesday, July 3rd, Andrew Regan sold 1,000 shares of Conduit Pharmaceuticals stock. The stock was sold at an average price of $0.64, for a total value of $640.00.

Conduit Pharmaceuticals Price Performance

Shares of NASDAQ:CDT opened at $0.14 on Friday. The firm has a fifty day simple moving average of $0.17 and a two-hundred day simple moving average of $1.77. Conduit Pharmaceuticals Inc. has a 52 week low of $0.11 and a 52 week high of $22.00.

Conduit Pharmaceuticals (NASDAQ:CDT) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.07) earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Conduit Pharmaceuticals to a “strong-buy” rating in a report on Friday, July 26th.

Conduit Pharmaceuticals Company Profile

Conduit Pharmaceuticals Inc, a clinical-stage specialty biopharmaceutical company, develops pharmaceutical products that provides unmet medical needs in the areas of autoimmune diseases and idiopathic male infertility. Its pipeline includes AZD1656, which has completed Phase I trials for the treatment of type 2 diabetes, renal transplant, Hashimoto's thyroiditis and Grave's disease, uveitis, and preterm labor; and AZD5904, which has completed Phase I clinical trials for the treatment of idiopathic male infertility.