Investing.com
Published Apr 19, 2024 04:14
Ekaterina Malievskaia, a key shareholder in COMPASS Pathways plc (NASDAQ:CMPS), a company specializing in pharmaceutical preparations, has sold a significant number of shares, according to recent filings. The transactions, which occurred on April 16 and 17, 2024, involved the sale of ordinary shares with a total value exceeding $597,000.
The sales were executed in multiple transactions, with share prices ranging from $8.5289 to $8.7841. On April 16, Malievskaia sold 23,880 shares at an average price of $8.5289 and another 23,881 shares indirectly through her spouse, at the same average price. The following day, she continued to sell, disposing of 10,850 shares at an average price of $8.7841, both directly and indirectly through her spouse.
These sales were automatically conducted under a pre-established trading plan known as Rule 10b5-1, which allows insiders to sell shares at predetermined times to avoid accusations of insider trading. The plan was adopted on August 23, 2023.
Following these transactions, Malievskaia's direct holdings have decreased, but she still retains a substantial number of shares in COMPASS Pathways. The filings also noted that the ordinary shares may be represented by American Depositary Shares, where each represents one ordinary share.
Investors and followers of COMPASS Pathways will likely keep a close eye on insider transactions such as these for hints about the company's performance and the confidence level of its key stakeholders.
h2 InvestingPro Insights/h2COMPASS Pathways plc (NASDAQ:CMPS) has seen its fair share of market activity, with notable insider sales by Ekaterina Malievskaia. Investors seeking a deeper understanding of the company's financial health might consider the following metrics from InvestingPro:
Moreover, two InvestingPro Tips that may be particularly relevant to investors following Malievskaia's share sales are:
It's also worth noting that COMPASS Pathways has not been profitable over the last twelve months, and its stock price movements have been quite volatile. For investors interested in a comprehensive analysis, there are 9 additional InvestingPro Tips available at InvestingPro . To access these tips and more in-depth data, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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Written By: Investing.com
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