Cidara CEO Jeffrey Stein purchased 4,262 shares across 4 separate transactions (2017–2020) for $339,039.60; post-trade holdings 2,379 shares despite negative net income of $-83,233,000.00.
Jeffrey Stein, President & CEO of Cidara Therapeutics, made 4 separate open-market purchases totaling 4,262 shares for $339,039.60 with a blended average price of $79.55, accumulating to 2,379 shares post-transaction. The purchases spanned from March 2017 through November 2020, with the most recent buy at $40.01 per share in November 2020 when the stock was trading significantly below earlier acquisition prices. The company reported zero latest-quarter revenue and annual net income of $-83,233,000.00, with annual revenue declining 98.0% year-over-year, indicating severe operational distress. At his prior two same-ticker purchases (June 2024 and August 2023), only one showed a positive 90-day outcome, and his cross-ticker track record across 2 prior buys averaged +779.0% 90-day return but reflects limited transaction history. The current price of $221.38 is near the 52-week high, suggesting material appreciation since the earlier tranches despite the company's deteriorating fundamentals.