CAMBRIDGE, Mass.—Matthew R. Henn, Chief Scientific Officer and Vice President of Seres Therapeutics, Inc. (NASDAQ:), recently executed a stock transaction, selling 3,984 shares of common stock. The shares were sold at a weighted average price of approximately $0.6901 per share, for a total gross proceeds of $2,749. This sale was conducted pursuant to a prearranged Rule 10b5-1 trading plan primarily to cover taxes related to the vesting of restricted stock units.
On October 27, 2024, Heng acquired 12,622 shares of common stock without a cash exchange as part of the vesting schedule for the previously granted restricted stock units. Following these transactions, Mr. Heng now directly owns 75,885 shares of Ceres Therapeutics common stock.
In other recent news, Seres Therapeutics is the subject of multiple developments. The company’s decision to sell its VOWST business to Nestlé Health Sciences has been approved by shareholders. The move includes the transfer of the first FDA-approved orally administered microbiome therapy, and despite reporting a net loss of $32.9 million, Ceres Therapeutics’ financial position is expected to be significantly strengthened.
JPMorgan downgraded Ceres Therapeutics from “neutral” to “underweight,” citing uncertain growth potential and no clear growth drivers in the near term. However, TD Cowen maintains a “buy” rating on the stock after positive data from a Phase 1b study of SER-155 in patients undergoing allogeneic hematopoietic stem cell transplants.
Ceres Therapeutics shareholders have also expressed concerns about the company’s rejection of a takeover offer from Nestlé SA and its subsequent sale of the VOWST business. The company is preparing SER-147 for metabolic diseases, with an eye toward IND compliance by the second half of 2025. These are recent developments by Seres Therapeutics.
Investment Pro Insights
A recent transaction by Seres Therapeutics Chief Scientific Officer Matthew R. Henn highlights the company’s continued stock-based compensation practices. While these insider activities provide some insight into executive compensation, a broader look at Ceres Therapeutics’ financial health reveals more pressing concerns for investors.
According to data from InvestingPro, Ceres Therapeutics’ current market capitalization is $131.51 million, reflecting its status as a small-cap biotechnology company. The company’s financial metrics paint a difficult picture, with revenue of just $370,000 in the trailing 12 months as of Q2 2023, a staggering 99.71% decline in revenue over the same period. It has become.
According to InvestingPro Tips, Ceres Therapeutics is “rapidly burning through cash” and “operating with a significant amount of debt.” These factors are of particular concern to biotechnology companies, which rely heavily on research and development to bring products to market. The company’s negative gross margin of -25,214.44% further highlights the financial strain the company is facing.
The stock has underperformed significantly, with InvestingPro data showing its price has fallen 46.08% in the past three months. This is in line with another InvestingPro tip that “stocks took a big hit last week” and “last month was bad.”
For investors looking for a more comprehensive analysis, InvestingPro offers 11 additional tips that may provide valuable insight into Seres Therapeutics’ investment potential. These tips and real-time metrics can help you make more informed investment decisions in the volatile biotech space.
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