Alumis Inc. (NASDAQ:ALMS – Get Free Report) insider Mark Christopher Bradley sold 2,572 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $26.37, for a total transaction of $67,823.64. Following the sale, the insider directly owned 48,533 shares of the company’s stock, valued at $1,279,815.21. This represents a 5.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Alumis Price Performance
NASDAQ ALMS remained flat at $27.12 on Wednesday. 629,130 shares of the company were exchanged, compared to its average volume of 2,037,268. The stock’s fifty day moving average price is $25.26 and its two-hundred day moving average price is $25.20. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -13.70 and a beta of -0.69. Alumis Inc. has a 12-month low of $3.76 and a 12-month high of $31.35.
Alumis (NASDAQ:ALMS – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.01). The firm had revenue of $1.74 million during the quarter, compared to analyst estimates of $2.10 million. Alumis had a negative net margin of 2,825.70% and a negative return on equity of 88.79%. Research analysts anticipate that Alumis Inc. will post -2.87 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Report on ALMS
Institutional Investors Weigh In On Alumis
Several large investors have recently made changes to their positions in the stock. MPM Bioimpact LLC bought a new position in shares of Alumis in the fourth quarter valued at $23,443,000. Janus Henderson Group PLC acquired a new stake in Alumis in the first quarter valued at $46,790,000. Orbimed Advisors LLC bought a new position in shares of Alumis in the 2nd quarter valued at about $5,779,000. Woodline Partners LP grew its position in shares of Alumis by 809.7% in the 3rd quarter. Woodline Partners LP now owns 1,751,150 shares of the company’s stock valued at $6,987,000 after acquiring an additional 1,558,660 shares during the period. Finally, Samsara Biocapital LLC increased its stake in shares of Alumis by 47.0% during the 2nd quarter. Samsara Biocapital LLC now owns 4,801,370 shares of the company’s stock worth $14,404,000 after purchasing an additional 1,534,872 shares during the last quarter.
About Alumis
Our mission is to significantly improve the lives of patients by replacing broad immunosuppression with targeted therapies. Our name, Alumis, captures our mission to enlighten immunology, and is inspired by the words “allumer”-French for illuminate-and “immunis”-Latin for the immune system. We are a clinical stage biopharmaceutical company with an initial focus on developing our two Tyrosine Kinase 2 (TYK2) inhibitors: ESK-001, a second-generation inhibitor that we are developing to maximize target inhibition and optimize tolerability, and A-005, a central nervous system (CNS) penetrant molecule.
Further Reading
- Five stocks we like better than Alumis
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for Alumis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alumis and related companies with MarketBeat.com's FREE daily email newsletter.
