Seaport Therapeutics (NASDAQ:SPTX – Get Free Report) released its quarterly earnings data on Monday. The company reported ($10.34) earnings per share for the quarter, topping the consensus estimate of ($10.64) by $0.30, Zacks reports.
Seaport Therapeutics Stock Performance
Shares of SPTX stock opened at $16.44 on Monday. Seaport Therapeutics has a 1 year low of $14.85 and a 1 year high of $23.00.
Insiders Place Their Bets
In other news, major shareholder Arch Venture Partners Xii, Llc acquired 1,100,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average price of $18.00 per share, with a total value of $19,800,000.00. Following the completion of the transaction, the insider directly owned 6,294,951 shares of the company’s stock, valued at $113,309,118. This trade represents a 21.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on Seaport Therapeutics
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