Kymera Therapeutics, Inc. (NASDAQ:KYMR) Chief Operating Officer Jeremy G. Chadwick has recently sold a portion of his company shares, according to the latest filings. On May 23, 2024, Chadwick sold 2,575 shares of common stock at an average price of $34.9921, totaling over $90,000.
The transactions took place through a series of sales with prices ranging from $34.65 to $35.2963. It is noted that these sales were not at the discretion of Chadwick but were required to cover tax withholding obligations related to the vesting of restricted stock units.
Following the sale, Chadwick still holds 44,183 shares of Kymera Therapeutics, indicating a continued investment in the company's future. Kymera Therapeutics focuses on developing biological products and is known for its work in the life sciences sector.
Investors and shareholders can request detailed information about the exact number of shares sold at each price point within the reported range, as per the filing's footnote.
The sale was executed in compliance with the company's policies regarding equity transactions by its executives, and the disclosure provides transparency about the executive's equity holdings and transactions in the company's stock.
InvestingPro Insights
As Kymera Therapeutics (NASDAQ:KYMR) continues to navigate the life sciences sector, recent market data from InvestingPro provides a clearer picture of the company's financial health and market performance. With a current market capitalization of $2.1 billion, Kymera's financial standing is a critical factor for investors to consider.
InvestingPro data indicates that Kymera has a negative P/E ratio of -13.57, reflecting the company's current lack of profitability. The adjusted P/E ratio for the last twelve months as of Q1 2024 shows a similar trend at -13.87. This data aligns with the InvestingPro Tip that analysts do not anticipate the company will be profitable this year. The revenue growth, however, presents a brighter side with a significant increase of 70.16% over the last twelve months as of Q1 2024.
Despite the lack of profitability, an InvestingPro Tip highlights that Kymera holds more cash than debt on its balance sheet, which can be a sign of financial stability. Additionally, the company's liquid assets exceed its short-term obligations, which may provide some reassurance to investors regarding the company's liquidity position.
For those interested in a deeper analysis, InvestingPro offers additional insights and metrics, including 8 analysts who have revised their earnings upwards for the upcoming period. To access these valuable InvestingPro Tips and more, visit https://www.investing.com/pro/KYMR and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 11 additional tips listed in InvestingPro, investors have a wealth of information at their fingertips to make more informed decisions.
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