Ventyx Biosciences, Inc. (NASDAQ:VTYX) has reported a recent stock transaction involving its Chief Financial Officer, Martin Auster. According to the latest filing, Auster sold 1,405 shares of the company's common stock at an average price of $5.4035, netting a total of $7,591.
The transaction, which took place on April 2, 2024, was part of a broker-assisted sale to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were sold within the price range of $5.28 to $5.4062, as indicated in the filing's footnotes.
Following the sale, Auster's direct ownership in Ventyx Biosciences stands at 24,303 shares. The company, which is incorporated in Delaware and specializes in pharmaceutical preparations, is based in San Diego, California.
Investors and followers of Ventyx Biosciences will note this transaction as part of the ongoing financial activities of the company's executives. Transactions such as these are frequently reported and provide insights into the actions of company insiders.
InvestingPro Insights
As investors digest the recent sale by Ventyx Biosciences, Inc.'s (NASDAQ:VTYX) CFO, Martin Auster, a look at the company's financial health and stock performance through InvestingPro data may offer additional context. With a market capitalization of $368.96 million and a challenging P/E ratio of -2.58, Ventyx Biosciences presents a complex investment landscape.
According to InvestingPro data, Ventyx Biosciences has not been profitable over the last twelve months, with a reported operating income of approximately -$207.99 million. This financial performance aligns with the InvestingPro Tips, which highlight that analysts do not expect the company to be profitable this year. Additionally, the stock has experienced significant volatility, with a 1-week price total return of -10.77%, but it's worth noting a strong 3-month price total return of 104.74%.
From the InvestingPro Tips, we also learn that Ventyx Biosciences holds more cash than debt, which is a positive sign for its balance sheet stability. Moreover, while the company's stock has faced downward pressure over various timeframes, analysts have revised their earnings upwards for the upcoming period, potentially signaling a turnaround or positive developments ahead.
For those considering Ventyx Biosciences as part of their investment portfolio, the InvestingPro platform offers a wealth of additional insights and metrics. There are a total of 13 InvestingPro Tips available for Ventyx Biosciences, which can be accessed at https://www.investing.com/pro/VTYX. To further assist in making informed decisions, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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