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In a recent move that caught the attention of the market, Enliven Therapeutics, Inc. (NASDAQ:ELVN) Director Rahul D. Baral sold his common stock in the company. The transaction was executed on March 20, 2024, with Baral disposing of 13,278 shares at prices ranging from $19.005 to $19.405, for a total sale price of approximately $254,462. This sale was based on a weighted average price of $19.1642.
On the same day, Baral acquired 13,278 shares of Enliven Therapeutics stock through the exercise of options at a price of $5.52 per share, for a total investment of $73,294. These transactions are part of a pre-arranged trading plan under Rule 10b5-1, whereby insiders buy or sell stock in a company when they do not possess material non-public information. You can plan ahead for this.
Enliven Therapeutics focuses on pharmaceutical formulations and is a company to watch for investors in the biotechnology space. The transactions reported by Ballal have been adjusted to reflect his 4-to-1 reverse stock split on February 23, 2023, and are based on an internal review of director shareholdings.
Investors and supporters of Enliven Therapeutics will be keeping an eye on these transactions, as insider sales and acquisitions can provide insight into the company's performance and the confidence level of its executives. The company's stock trades on NASDAQ under the ticker symbol ELVN.
The details of these transactions are made public through Form 4 filings with the Securities and Exchange Commission, which provides transparency into the trading activity of company insiders. Enliven Therapeutics provided no additional comment regarding these recent transactions.
Investment Pro Insights
As investors evaluate the impact of Rahul D. Baral's recent stock trade in Enliven Therapeutics, Inc. (NASDAQ:ELVN), it is important to consider the company's financial health and market performance. According to data from InvestingPro, ELVN's market capitalization is currently around $764.1 million. Although the company did not make a profit in the past 12 months and had a negative P/E ratio of -11.1, the stock posted a significant return with the stock gaining 54.39% in the past week alone.
One of InvestingPro's top tips highlights that ELVN has more cash than debt on its balance sheet, which could be a sign of financial stability. Furthermore, the company's current assets exceed short-term debt, suggesting high liquidity. These factors may be of interest to investors considering recent insider trading activity and his ELVN's overall investment potential.
Investors seeking more in-depth analysis can find additional InvestingPro Tips on Enliven Therapeutics, including insights on aspects such as gross profit margin and dividend policy. For those interested in leveraging these insights, InvestingPro offers a comprehensive set of tips and allows users to take advantage of special offers using coupon codes. pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions.
Overall, while recent insider activity offers a glimpse into the company's inner workings, InvestingPro's data and tips provide a broader perspective on ELVN's financial health and market performance, helping investors stay more informed. It helps you make informed decisions.
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