Finch Therapeutics Group , Inc. (NASDAQ:FNCH) director Jeffery Smisek has sold a total of $21,245 worth of company stock, according to the latest SEC filings. The transactions took place on March 28, 2024, with shares sold at prices ranging from $2.57 to $2.61.
The SEC Form 4 filing indicates that Smisek sold 6,642 shares of Finch Therapeutics at an average price of $2.57 per share. Additionally, on the same day, 1,600 shares were sold on behalf of Smisek's spouse at an average price of $2.61 per share. These transactions were executed within price ranges of $2.48 to $2.75 and $2.56 to $2.76, respectively, as per the weighted averages provided in the footnotes of the filing.
Following these transactions, Jeffery Smisek's direct holdings in Finch Therapeutics have dropped to zero, while indirect holdings through his spouse stand at 6,512 shares. Another noteworthy detail in the filing is the ownership of 40,260 shares held indirectly through Flight Partners Management LLC, where Smisek serves as president.
The filing was signed and submitted by Jeffery Smisek on March 29, 2024. As a director of Finch Therapeutics, Smisek's trading activities are closely watched by investors for insights into executive confidence in the company's future performance.
InvestingPro Insights
Amidst recent transactions by Finch Therapeutics Group, Inc. (NASDAQ:FNCH) director Jeffery Smisek, it's essential for investors to consider the broader financial landscape of the company. With a market capitalization of just 4.18 million USD, Finch Therapeutics is a relatively small player, which can often mean higher volatility and risk for investors. The company's revenue has significantly contracted, with a decline of 87.57% in the last twelve months as of Q4 2023, reflecting potential challenges in the company's operational performance.
Two critical InvestingPro Tips for FNCH indicate that the company is expected to see net income growth this year, which could signal a turn in its financial trajectory. However, it's important to note that the company has been quickly burning through cash, which raises concerns about its liquidity and long-term sustainability. These insights suggest that while there may be potential for improvement, there are substantial risks that need to be carefully weighed.
Furthermore, the InvestingPro platform offers a total of 13 additional tips for FNCH, providing a more comprehensive analysis for those considering an investment in the company. For investors looking to delve deeper into the financial health and future prospects of Finch Therapeutics, these tips can be found on InvestingPro's dedicated page for FNCH.
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