Monitoring Verastem Inc. (VSTM) after recent insider movements


Verastem Inc.’s filing revealed that its Vice President of Finance Calkins Daniel unloaded Company’s shares for reported $32.0 on Jan 05. In the deal valued at $0.43 per share,74 shares were sold. As a result of this transaction, Calkins Daniel now holds 98,517 shares worth roughly $ 44332.65.

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Then, Calkins Daniel sold 1,246 shares, generating $411 in total proceeds. Upon selling the shares at $0.33, the Vice President of Finance now owns 98,591 shares.

Before that, Stuglik Brian M sold 3,556 shares. Verastem Inc. shares valued at $1,316 were divested by the Chief Executive Officer at a price of $0.37 per share. As a result of the transaction, Stuglik Brian M now holds 1,122,520 shares, worth roughly $0.51 million.

PT values the company’s stock at a premium of 92.5 to its Tuesday closing price. RBC Capital Mkts began covering VSTM with “an Outperform” recommendation on April 14, 2022. Truist started covering the stock on March 09, 2022. It rated VSTM as “a Buy”.

Price Performance Review of VSTM

On Tuesday, Verastem Inc. [NASDAQ:VSTM] saw its stock fall -4.01% to $0.45. On the same session, the stock had its day’s lowest price of $0.44, but rose to a high of $0.4748. Over the last five days, the stock has lost -13.80%. Verastem Inc. shares have risen nearly 11.30% since the year began. Nevertheless, the stocks have fallen -59.27% over the past one year. While a 52-week high of $2.13 was reached on 02/08/23, a 52-week low of $0.29 was recorded on 01/03/23. SMA at 50 days reached $0.5412, while 200 days put it at $0.8012. A total of 0.51 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For VSTM Stock

The 24-hour chart illustrates a support level at 0.4337, which if violated will result in even more drops to 0.4195. On the upside, there is a resistance level at 0.4685. A further resistance level may holdings at 0.4891. The Relative Strength Index (RSI) on the 14-day chart is 35.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0391, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.81%. Stochastics %K at 17.38% indicates the stock is a buying.

How much short interest is there in Verastem Inc.?

A steep rise in short interest was recorded in Verastem Inc. stocks on Jan 30, 2023, dropping by -0.78 million shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.94 million shares. There was a decline of -67.24%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.65% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.17.

Verastem Inc. [VSTM] – Who Are The Largest Shareholders?

In filings from Baker Bros. Advisors LP, it is revealed that the company now owns 26,988,898 shares, or roughly 12.85% of the outstanding VSTM shares. Additionally, BVF Partners LP decreased -4.77% of its stake after which the total value it holdings stand at $12,307,658. Over the last quarter, The Vanguard Group, Inc. purchased 4,049 shares of Verastem Inc., while BlackRock Fund Advisors bought -1,386,504 shares. At present, Acadian Asset Management LLC is holding 2,682,709 shares valued at $1.74 million. Armistice Capital LLC owned 2,000,000 shares of the company at the time of its most recent 13F filing, worth $1.29 million.

According to FactSet, Verastem Inc.’s share price will average $4.08 in the next year, based on opinions of analysts polled by the firm. This is up nearly 751.06 percent from its previous closing price of $0.47. Analysts expect Verastem Inc. stock to reach the higher price of $5.50, while the lowest price estimate is $3.00. However, 6 analysts have rated VSTM stock as a Buy in their predictions for 2023. The most recent change occurred on July 01, 2021 when Alliance Global Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.


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