Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Septerna Inc shares valued at $75,060,000 were purchased by RA CAPITAL MANAGEMENT, L.P. on Oct 28 ’24. At $18.00 per share, RA CAPITAL MANAGEMENT, L.P. acquired 4,170,000 shares. The insider’s holdings grew to 5,523,915 shares worth approximately $30.66 million following the completion of this transaction.
Also, Third Rock Ventures V, L.P. purchased 370,500 shares, netting a total of over 6,669,000 in proceeds. Following the buying of shares at $18.00 each, the insider now holds 6,215,591 shares.
Before that, Third Rock Ventures V, L.P. had added 279,500 shares to its account. In a trade valued at $5,031,000, the 10% Owner bought Septerna Inc shares for $18.00 each. Upon closing the transaction, the insider’s holdings increased to 279,500 shares, worth approximately $17.5 million.
As published in a research note from Wells Fargo on February 18, 2025, Septerna Inc [SEPN] has been rated down from an Overweight to an Equal weight and the price target has been revised to $14. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid November. As of November 19, 2024, TD Cowen has initiated its “Buy” rating for SEPN. Earlier on November 19, 2024, JP Morgan initiated its rating. Their recommendation was “an Overweight” for SEPN stock.
Analyzing SEPN Stock Performance
During the last five days, there has been a drop of approximately -51.23%. Over the course of the year, Septerna Inc shares have dropped approximately -75.76%. Nevertheless, trading volume fell to 1.53 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Septerna Inc (SEPN)
According to the 24-hour chart, there is a support level at 4.90, which, if violated, would cause prices to drop to 4.25. In the upper region, resistance lies at 6.60. The next price resistance is at 7.65. RSI (Relative Strength Index) is 21.83 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.34, which suggests the price will decrease in the coming days. Percent R is at 90.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
