Insider Sale: CEO Michael Henderson Sells 15,000 Shares of Apogee Therapeutics Inc (APGE)
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On July 5, 2024, Michael Henderson, CEO of Apogee Therapeutics Inc (NASDAQ:APGE), executed a sale of 15,000 shares of the company. The transaction was documented in an SEC Filing. Following this transaction, the insider now owns 1,474,487 shares of the company.
Apogee Therapeutics Inc (NASDAQ:APGE) is a biopharmaceutical company focused on the development and commercialization of therapies aimed at treating autoimmune and inflammatory diseases. The company's innovative approach targets molecular pathways that are crucial in the pathogenesis of these diseases.
Shares of Apogee Therapeutics Inc (NASDAQ:APGE) were priced at $37.26 on the day of the transaction. The company's market cap is approximately $2.143 billion.
The insider transaction history at Apogee Therapeutics Inc (NASDAQ:APGE) over the past year includes 2 insider buys and 2 insider sells. The recent sale by Michael Henderson marks a continuation of this trend of insider transactions.
Valuation metrics such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow are essential for investors to consider when evaluating the stock. Additionally, the GF Value provides a reference point for the intrinsic value based on historical multiples, adjusted for growth estimates.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of company performance and future stock movement. However, it is crucial to consider a broad range of financial metrics and market conditions when making investment decisions.
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