Aileron Therapeutics Inc (NASDAQ:ALRN) major shareholder Apple Tree Partners Ii Lp sold 150,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $9.80, for a total transaction of $1,470,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Aileron Therapeutics Inc (NASDAQ ALRN) traded up $0.06 during trading hours on Thursday, hitting $9.71. 17,512 shares of the company’s stock traded hands, compared to its average volume of 33,876. Aileron Therapeutics Inc has a 12-month low of $8.77 and a 12-month high of $15.48. The firm has a market capitalization of $142.88 and a P/E ratio of -6.94.
Several large investors have recently added to or reduced their stakes in the business. Nexthera Capital LP acquired a new position in shares of Aileron Therapeutics in the second quarter valued at $1,272,000. Goldman Sachs Group Inc. acquired a new position in shares of Aileron Therapeutics in the second quarter valued at $418,000. Laurion Capital Management LP acquired a new position in shares of Aileron Therapeutics in the second quarter valued at $335,000. Neuberger Berman Group LLC acquired a new position in shares of Aileron Therapeutics in the second quarter valued at $279,000. Finally, Citadel Advisors LLC acquired a new position in shares of Aileron Therapeutics in the second quarter valued at $141,000. Hedge funds and other institutional investors own 7.64% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Aileron Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $19.33.
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Aileron Therapeutics Company Profile
Aileron Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing a class of therapeutics called stapled peptides. It is also developing a pipeline of stapled peptide drugs across a range of therapeutic areas, including cancer, endocrine and metabolic diseases and inflammation.
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