Septerna Inc’s recently made public that its Director RA CAPITAL MANAGEMENT, L.P. acquired Company’s shares for reported $75.06 million on Oct 28 ’24. In the deal valued at $18.00 per share,4,170,000 shares were bought. As a result of this transaction, RA CAPITAL MANAGEMENT, L.P. now holds 5,523,915 shares worth roughly $143.07 million.
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Then, Third Rock Ventures V, L.P. bought 370,500 shares, generating $6,669,000 in total proceeds. Upon buying the shares at $18.00, the 10% Owner now owns 6,215,591 shares.
Before that, Third Rock Ventures V, L.P. bought 279,500 shares. Septerna Inc shares valued at $5,031,000 were divested by the 10% Owner at a price of $18.00 per share. As a result of the transaction, Third Rock Ventures V, L.P. now holds 3,152,456 shares, worth roughly $81.65 million.
Wells Fargo initiated its Septerna Inc [SEPN] rating to an Overweight in a research note published on November 19, 2024; the price target was $43. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. JP Morgan began covering SEPN with “an Overweight” recommendation on November 19, 2024. Cantor Fitzgerald started covering the stock on November 19, 2024. It rated SEPN as “an Overweight”.
Price Performance Review of SEPN
On Tuesday, Septerna Inc [NASDAQ:SEPN] saw its stock fall -4.39% to $25.90. Over the last five days, the stock has gained 15.57%. Septerna Inc shares have risen nearly 21.03% since the year began.
Levels Of Support And Resistance For SEPN Stock
The 24-hour chart illustrates a support level at 24.61, which if violated will result in even more drops to 23.32. On the upside, there is a resistance level at 27.38. A further resistance level may holdings at 28.86. The Relative Strength Index (RSI) on the 14-day chart is 58.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.87%. Stochastics %K at 64.66% indicates the stock is a holding.
