ARQT

Arcutis Biotherapeutics, Inc.

Nasdaq · Pharmaceutical Preparations · Inc. DE · CIK 0001787306
$24.38 -0.85% $3.0B
Insider Selling Cluster (5 insiders)17 New Institutional Positions10 Institutional Exits
Vol
Market Cap$3.0B
Cap SizeMid Cap
Analyst ConsensusStrong Buy (86%)
Inst. Holders50 funds
Inst. Value$1.7B
Inst. Activity17 buys / 10 sells
Insider Activity0B / 21S
Insider Net $-$3.8M
SEC Reports8
Congressional1 trades
Exchange Nasdaq·Sector Pharmaceutical Preparations·Inc. DE·CIK 0001787306·Prev Close $24.59

Recent Activity

Jun 29, 2026 fda_pdufa
PDUFA: ARQT — ZORYVE in plaque psoriasis down to 2 years of age — 2026-06-29
FDA target action date 2026-06-29 for ARQT (Arcutis Biotherapeutics, Inc.). Drug: ZORYVE. Indication
Jun 9, 2026 SEC
Arcutis Biotherapeutics filed an 8-K reporting the results of its 2026 Annual Meeting of Stockholders, where all three p
8-K — Impact 2/10
Jun 5, 2026 Insider
Heron Patrick J was granted 16,667 shares
Director
Jun 5, 2026 Insider
Krishnamohan Neha was granted 16,667 shares
Director
Jun 5, 2026 Insider
Krishnamohan Neha was granted 5,778 shares
Director
May 13, 2026 SEC
Four Arcutis insiders sold a total of $283K in open-market sales over a one-week window, including the CFO and three oth
CLUSTER — Impact 3/10
May 11, 2026 SEC
Director Patrick Burnett filed a Form 144 notice of intent to sell 222 shares of Arcutis Biotherapeutics (ARQT) worth ap
144 — Impact 1/10
Inst.
JENNISON ASSOCIATES LLC — TRIM
4,980,770 shares ($117.3M)

Price Targets

$34.63 +42.0% upside Strong Buy
Current $24.38 Low $33.00 Median $35.00 High $36.00 8 analysts
$33.00 $36.00

Analyst Ratings

Strong Buy86% buy · 14 analysts
4Strong Buy
8Buy
2Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
May 7, 2026 Needham REITERATE Buy → Buy
Mar 2, 2026 Mizuho MAINTAIN Outperform → Outperform
Feb 27, 2026 Guggenheim MAINTAIN Buy → Buy
Feb 26, 2026 TD Cowen MAINTAIN Buy → Buy
Feb 26, 2026 HC Wainwright & Co. MAINTAIN Buy → Buy

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $0.05 ▼ -28.2% $0.02 — $0.08 136% YoY 3
Next Q $0.09 ▼ -35.8% $0.06 — $0.16 53% YoY 5
Current FY $0.24 ▼ -33.3% $0.18 — $0.33 288% YoY 4
Next FY $1.16 ▼ -9.6% $0.79 — $1.61 372% YoY 7

Top Institutional Holders

FundValueMove
BlackRock, Inc.$216.8M
Rubric Capital Management LP$194.9M
STATE STREET CORP$148.3M
Polar Capital Holdings Plc$133.5M
JENNISON ASSOCIATES LLC$117.3MTRIM

Recent Insider Trades

DateInsiderTypeValue
Jun 5, 2026Heron PatrickA$0.00
Jun 5, 2026Krishnamohan NehaA$0.00
Jun 5, 2026Krishnamohan NehaA$0.00
Jun 5, 2026Munshi AmitA$0.00
Jun 5, 2026Munshi AmitA$0.00

Congressional Trades

1 members: 1 buys, 0 sells
MemberPartyTypeAmount
Gilbert CisnerosDBUY$1,001 - $15,000
50 institutional holders with $1.7B total value (73,742,887 shares) as of 2026-Q1. Top holders: BlackRock,, Rubric, STATE. Net buying activity: 17 institutions added/increased vs 10 reduced.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1BlackRock, Inc.9,200,411$216.8M12.5%
2Rubric Capital Management LP8,271,577$194.9M11.2%
3STATE STREET CORP6,296,197$148.3M8.5%
4Polar Capital Holdings Plc5,666,940$133.5M7.7%
5JENNISON ASSOCIATES LLC4,980,770$117.3M6.8%TRIM -26.3%
6VANGUARD CAPITAL MANAGEMENT LLC4,871,536$114.8M6.6%
7MORGAN STANLEY4,218,931$99.4M5.7%
8D. E. Shaw & Co., Inc.2,496,222$58.8M3.4%ADD +26.6%
9MARSHALL WACE, LLP2,431,778$57.3M3.3%DOUBLED +435.4%
10FRANKLIN RESOURCES INC2,297,943$54.1M3.1%
11DRIEHAUS CAPITAL MANAGEMENT LLC2,226,029$52.4M3.0%DOUBLED +133.6%
12BANK OF AMERICA CORP /DE/2,221,289$52.3M3.0%ADD +32.7%
13VANGUARD PORTFOLIO MANAGEMENT LLC1,954,685$46.1M2.7%
14JANUS HENDERSON GROUP PLC1,854,566$43.7M2.5%
15GOLDMAN SACHS GROUP INC1,603,013$37.8M2.2%
16FEDERATED HERMES, INC.1,077,267$25.4M1.5%
17BAMCO INC /NY/1,072,189$25.3M1.5%DOUBLED +112.4%
18CHARLES SCHWAB INVESTMENT MANAGEMENT INC1,012,555$23.9M1.4%
19Nuveen, LLC902,134$21.3M1.2%TRIM -34.7%
20VANGUARD FIDUCIARY TRUST CO771,764$18.2M1.0%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
JENNISON ASSOCIATES LLCTRIM6,758,0064,980,770-26.3%$117.3M2026-Q1
MARSHALL WACE, LLPDOUBLED454,2332,431,778+435.4%$57.3M2026-Q1
BANK OF AMERICA CORP /DE/ADD1,673,4542,221,289+32.7%$52.3M2026-Q1
BAMCO INC /NY/DOUBLED504,7001,072,189+112.4%$25.3M2026-Q1
Nuveen, LLCTRIM1,382,160902,134-34.7%$21.3M2026-Q1
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUNDTRIM900,000636,200-29.3%$15.0M2026-Q1
Point72 Asset Management, L.P.ADD425,152590,877+39.0%$13.9M2026-Q1
VOLORIDGE INVESTMENT MANAGEMENT, LLCTRIM914,020540,511-40.9%$12.7M2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THEDOUBLED125,979503,856+300.0%$11.9M2026-Q1
M&G PlcNEW469,082$11.3M2026-Q1
RENAISSANCE TECHNOLOGIES LLCADD273,999440,999+60.9%$10.4M2026-Q1
DEUTSCHE BANK AG\TRIM930,202389,847-58.1%$9.2M2026-Q1
FMR LLCADD205,424278,736+35.7%$6.6M2026-Q1
JUPITER ASSET MANAGEMENT LTDTRIM326,538217,255-33.5%$5.1M2026-Q1
SEI INVESTMENTS COADD104,286206,141+97.7%$4.9M2026-Q1
LAZARD ASSET MANAGEMENT LLCADD93,354154,566+65.6%$3.6M2026-Q1
LOS ANGELES CAPITAL MANAGEMENT LLCDOUBLED64,503154,422+139.4%$3.6M2026-Q1
Invesco Ltd.TRIM307,382139,843-54.5%$3.3M2026-Q1
Pictet Asset Management Holding SAADD87,687138,112+57.5%$3.0M2026-Q1
SCHRODER INVESTMENT MANAGEMENT GROUPADD57,136104,356+82.6%$2.2M2026-Q1
MACKENZIE FINANCIAL CORPADD49,02588,261+80.0%$2.1M2026-Q1
Rockefeller Capital Management L.P.NEAR_EXIT551,95819,597-96.4%$461.7K2026-Q1
VOYA INVESTMENT MANAGEMENT LLCTRIM39,88418,890-52.6%$445.0K2026-Q1
Merit Financial Group, LLCADD13,01718,852+44.8%$444.2K2026-Q1
PNC FINANCIAL SERVICES GROUP, INC.ADD13,59717,597+29.4%$414.6K2026-Q1
13 unique insiders with 49 transactions. Net insider value: -$3.8M ($0.00 bought, $3.8M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 5, 2026Heron Patrick JDirectorAWARD16,667
Jun 5, 2026Krishnamohan NehaDirectorAWARD16,667
Jun 5, 2026Krishnamohan NehaDirectorAWARD5,778
Jun 5, 2026Munshi AmitDirectorAWARD16,667
Jun 5, 2026Munshi AmitDirectorAWARD5,778
Jun 5, 2026Gilbert Halley EDirectorAWARD16,667
Jun 5, 2026Gilbert Halley EDirectorAWARD5,778
Jun 5, 2026Heron Patrick JDirectorAWARD5,778
Jun 5, 2026Welgus Howard G.DirectorAWARD16,667
Jun 5, 2026Welgus Howard G.DirectorAWARD5,778
Jun 5, 2026LIN SUE-JEANDirectorAWARD16,667
Jun 5, 2026LIN SUE-JEANDirectorAWARD5,778
Jun 5, 2026Leonard Keith RDirectorAWARD16,667
Jun 5, 2026Leonard Keith RDirectorAWARD5,778
Jun 5, 2026Curran TerrieDirectorAWARD16,667
Jun 5, 2026Curran TerrieDirectorAWARD5,778
May 11, 2026Burnett PatrickSee RemarksSELL222$21.05$4.7K
May 11, 2026Vairavan LathaSVP Chief Financial OfficerSELL435$21.05$9.2K
May 4, 2026Watanabe ToddSee RemarksSELL3,172$23.61$74.9K
May 4, 2026Vairavan LathaSVP Chief Financial OfficerSELL1,341$23.61$31.7K
May 4, 2026Burnett PatrickSee RemarksSELL684$23.61$16.1K
May 4, 2026Matsuda MasaruSee RemarksSELL7,372$23.27$171.5K
May 1, 2026Welgus Howard G.DirectorSELL7,144$22.99$164.2K
Apr 1, 2026Welgus Howard G.DirectorSELL10,000$23.88$238.8K
Mar 2, 2026Edwards Larry ToddSee RemarksSELL3,584$25.16$90.2K
Mar 2, 2026Watanabe ToddSee RemarksSELL36,281$25.16$912.9K
Mar 2, 2026Matsuda MasaruSee RemarksSELL6,553$25.16$164.9K
Mar 2, 2026Burnett PatrickSee RemarksSELL6,106$25.16$153.6K
Mar 2, 2026Vairavan LathaSVP Chief Financial OfficerSELL2,772$25.16$69.7K
Mar 2, 2026Leonard Keith RDirectorEXERCISE27,052$8.63$233.5K
Mar 2, 2026Welgus Howard G.DirectorSELL10,000$25.65$256.5K
Feb 27, 2026Edwards Larry ToddSee RemarksAWARD77,000
Feb 27, 2026Watanabe ToddSee RemarksAWARD102,000
Feb 27, 2026Watanabe ToddSee RemarksAWARD266,000
Feb 27, 2026Matsuda MasaruSee RemarksAWARD37,000
Feb 27, 2026Matsuda MasaruSee RemarksAWARD97,000
Feb 27, 2026Burnett PatrickSee RemarksAWARD77,000
Feb 27, 2026Edwards Larry ToddSee RemarksAWARD30,000
Feb 27, 2026Vairavan LathaSVP Chief Financial OfficerAWARD27,000
Feb 27, 2026Vairavan LathaSVP Chief Financial OfficerAWARD70,000
Feb 27, 2026Burnett PatrickSee RemarksAWARD30,000
Feb 4, 2026Burnett PatrickSee RemarksSELL9,794$25.81$252.7K
Feb 2, 2026Burnett PatrickSee RemarksSELL3,675$25.50$93.7K
Feb 2, 2026Matsuda MasaruSee RemarksSELL7,983$25.50$203.6K
Feb 2, 2026Watanabe ToddSee RemarksSELL19,833$25.50$505.7K
Feb 2, 2026Vairavan LathaSVP Chief Financial OfficerSELL1,320$25.50$33.7K
Feb 2, 2026Welgus Howard G.DirectorSELL10,000$25.05$250.5K
Feb 2, 2026Edwards Larry ToddSee RemarksSELL2,052$25.50$52.3K
Aug 18, 2022Burnett PatrickSee RemarksAWARD16,750

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Buy (86% buy). Based on 14 analysts: 4 strong buy, 8 buy, 2 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$34.63 mean target +42.0% upside Strong Buy (1.50)
$33.00 Low $36.00 High
MetricValue
Current Price$24.38
Target Low$33.00
Target Mean$34.63
Target Median$35.00
Target High$36.00
# Analysts8
RecommendationStrong Buy (1.50)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$0.05 $0.02 $0.08 135.9% -28.2% 1↑ 1↓ $0.1B 43.9% 3
Next Q
2026-09-30
$0.09 $0.06 $0.16 53.3% -35.8% 1↑ 2↓ $0.1B 29.9% 5
Current FY
2026-12-31
$0.24 $0.18 $0.33 288.5% -33.3% 1↑ 2↓ $0.5B 32.2% 4
Next FY
2027-12-31
$1.16 $0.79 $1.61 371.7% -9.6% 0↑ 3↓ $0.6B 29.9% 7

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$0.047
7d ago$0.048-0.001
30d ago$0.065-0.018
60d ago$0.065-0.018
90d ago$0.105-0.058
5 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 0 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
May 7, 2026 Needham REITERATE Buy Buy
Mar 2, 2026 Mizuho MAINTAIN Outperform Outperform
Feb 27, 2026 Guggenheim MAINTAIN Buy Buy
Feb 26, 2026 TD Cowen MAINTAIN Buy Buy
Feb 26, 2026 HC Wainwright & Co. MAINTAIN Buy Buy
Feb 26, 2026 Needham MAINTAIN Buy Buy
Jan 26, 2026 Needham MAINTAIN Buy Buy

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20264820086%
May 1, 20264820086%
Apr 1, 20264820086%
Mar 1, 20264820086%
Feb 1, 20264820086%
Jan 1, 20264820086%
Strong BuyBuyHoldSellStrong Sell
1 members of Congress traded this stock: 1 buys, 0 sells.

Congressional Trades

DateMemberPartyChamberTypeAmountAssetDisclosed
Mar 3, 2026Gilbert CisnerosDHOUSEBUY$1,001 - $15,000ARCUTIS BIOTHERAPEUTICS INCApr 8, 2026 (37d)

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

Jun 29, 2026
fda_pdufa
PDUFA: ARQT — ZORYVE in plaque psoriasis down to 2 years of age — 2026-06-29
FDA target action date 2026-06-29 for ARQT (Arcutis Biotherapeutics, Inc.). Drug: ZORYVE. Indication: plaque psoriasis down to 2 years of age. sNDA fo
Jun 5, 2026
other
Arcutis Biotherapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
<p>WESTLAKE VILLAGE, Calif., June 05, 2026 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=2S7dOrpOijaVAkfcpjRdFCQbupFyLbC-T
Jun 2, 2026
short_volume
Short Volume: ARQT — 69.7% short (0.8M / 1.1M)
Short: 790,545 | Exempt: 44,232 | TRF Vol: 1,134,042 | Short Ratio: 69.7% | Off-exchange volume (dark pool + OTC)
May 26, 2026
other
Arcutis Management to Present at Goldman Sachs 47th Annual Global Healthcare Conference
Arcutis today announced that management will present at the Goldman Sachs 47th Annual Global Healthcare Conference, taking place June 8-10, 2026, in M
May 14, 2026
short_volume
Short Volume: ARQT — 55.3% short (0.3M / 0.6M)
Short: 306,537 | Exempt: 2,981 | TRF Vol: 554,173 | Short Ratio: 55.3% | Off-exchange volume (dark pool + OTC)
May 8, 2026
other
Arcutis Biotherapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
<p>WESTLAKE VILLAGE, Calif., May 08, 2026 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=E2vjsV3r-ZM7tldZH6zD_4qaTUP7AoONIu
May 8, 2026
short_volume
Short Volume: ARQT — 56.9% short (0.6M / 1.0M)
Short: 570,534 | Exempt: 16,506 | TRF Vol: 1,002,480 | Short Ratio: 56.9% | Off-exchange volume (dark pool + OTC)
May 6, 2026
earnings
Arcutis Announces First Quarter 2026 Financial Results and Provides Business Update
Arcutis today reported financial results for the quarter ended March 31, 2026, and provided a business update.
May 6, 2026
earnings_calendar
ARQT Q1 2026 Earnings Scheduled — 2026-05-06
Apr 30, 2026
short_volume
Short Volume: ARQT — 58.2% short (0.3M / 0.6M)
Short: 324,839 | Exempt: 0 | TRF Vol: 558,578 | Short Ratio: 58.2% | Off-exchange volume (dark pool + OTC)
Apr 15, 2026
earnings
Arcutis to Report First Quarter 2026 Financial Results and Host Conference Call on May 6, 2026
Arcutis today announced that it will report its Q1 2026 financial results and provide a business update on May 6, 2026 after the U.S. markets close.
Mar 31, 2026
other
Arcutis Management to Present at the 25th Annual Needham Virtual Healthcare Conference
Arcutis today announced that Arcutis management will present at the 25th Annual Needham Virtual Healthcare Conference, taking place April 13-16, 2026.
Mar 28, 2026
fda
Arcutis Presents New Phase 2 Results in Infants with Atopic Dermatitis in Late-Breaking Session Today at the 2026 American Academy of Dermatology Annual Meeting
Arcutis Presents New Phase 2 Results in Infants with Atopic Dermatitis in Late-Breaking Session Today at 2026 AAD
Feb 25, 2026
earnings_calendar
ARQT Q4 2025 Earnings After Market Close — 2026-02-25
Feb 24, 2026
Clinical Trial
A 52-week, Placebo- and Active- Controlled (Roflumilast, Daliresp® 500µg) Study to Evaluate the Efficacy and Safety of Two Doses of CHF6001 DPI (Tanimilast) as add-on to Maintenance Triple Therapy in Subjects With COPD and Chronic Bronchitis. (PILLAR)
Phase Phase 3 — TERMINATED