Corcept Therapeutics CFO Sells $2.8 Million in Stock Amid Positive Company Developments
Corcept Therapeutics CFO sells $2.8m in company stock

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Mokari Atabak, CFO of Corcept Therapeutics, sold 40,000 shares for $2.8 million under a 10b5-1 plan. Despite this sale, the company's stock has risen 9% recently, contributing to a 109% year-to-date increase. Corcept also reported a revenue increase and positive clinical trial results.
- 01Mokari Atabak sold 40,000 shares at $70.00-$70.01 each, totaling $2.8 million.
- 02The stock price has increased to $72.68, reflecting a 109% gain year-to-date.
- 03Corcept's first-quarter 2026 revenues reached approximately $164.9 million, a 4.9% year-over-year increase.
- 04The company plans to resubmit its New Drug Application for relacorilant for Cushing’s syndrome.
- 05H.C. Wainwright raised its price target for Corcept shares from $65 to $75, maintaining a Buy rating.
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Mokari Atabak, Chief Financial Officer of Corcept Therapeutics Inc. (NASDAQ:CORT), executed a sale of 40,000 shares on June 1, 2026, valued at $2.8 million. This transaction, conducted under a pre-arranged 10b5-1 trading plan initiated on December 12, 2025, saw the shares sold at prices between $70.00 and $70.01. Following the sale, Corcept's stock has risen to $72.68, marking a 9% increase over the past week and a 109% gain year-to-date. Despite the sale, Atabak also acquired additional shares through a purchase plan, indicating continued investment in the company. Corcept recently reported first-quarter revenues of approximately $164.9 million, a 4.9% increase from the previous year, and raised its full-year revenue guidance to between $950 million and $1.05 billion. The company is optimistic following positive results from the Phase 3 ROSELLA trial for its drug Lifyorli, which demonstrated a 35% reduction in the risk of death for patients with platinum-resistant ovarian cancer. H.C. Wainwright has responded positively, raising its price target for Corcept shares to $75.
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The increase in Corcept's stock price and revenue guidance could positively affect investor sentiment and stockholder value.
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