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Kodiak Sciences Inc. (KOD)

USD41.26 -2.00 (-4.62%)
US NASDAQ Healthcare Biotechnology
Address 1200 Page Mill Road 94304
Palo Alto, CA, US
CEO Victor Perlroth
Website kodiak.com
IPO 2018-10-04
CIK 1468748 ISIN US50015M1099

Explore sections of this company profile

Description

Kodiak Sciences Inc. is a biopharmaceutical firm currently in the clinical development phase, dedicated to discovering, advancing, and bringing to market treatments for various conditions affecting the retina. Their primary drug candidate, KSI-301, is an anti-vascular endothelial growth factor (anti-VEGF) antibody biopolymer. This compound is currently undergoing Phase IIb/III clinical trials, targeting illnesses such as wet age-related macular degeneration (AMD), diabetic macular edema, previously untreated macular edema resulting from retinal vein occlusion, and non-proliferative diabetic retinopathy. In its earlier, preclinical development pipeline, the company is also working on KSI-501, a bispecific conjugate designed for retinal conditions involving inflammation, and KSI-601, a triplet inhibitor aimed at addressing dry AMD. Established in 2009, this Palo Alto, California-based company operated under the name Oligasis, LLC before rebranding as Kodiak Sciences Inc. in September 2015.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD41.26 -2.00 (-4.62%)
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Volume Profile
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Liquidity & share structure
Average Volume
773.6K
Beta
2.20
Float Shares
48.99M
Free Float %
92.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.83% -12.57% -7.56% +81.14% +96.79% +42.53% +864.89% +751.50% +150.94% +1,863.05% +1,863.05%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (18 ratings, all time) Buy
Price Targets & DCF
Current price
41.26
Low 56.00 +35.7%
Consensus 63.75 +54.5%
Median 59.50 +44.2%
High 80.00 +93.9%
DCF (Unlevered) 2.62 -93.6%
DCF (Levered) 2.83 -93.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 86% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 5 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter 3
64.67
+56.7%
Last Year 6
49.83
+20.8%
All Time 18
32.67
-20.8%
Quality scores
Altman Z-Score
-2.87
Distress
Piotroski F-Score
1 / 9
Weak
MOAT Score
3 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
2 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
  • EPS growth Biotechnology: +29.7%
    -29.0% Q1'26: +13.8% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
  • EBIT margin Biotechnology: +0.0%
  • ROIC Biotechnology: -16.1%
    -3,497.8% Q1'26: +16,639.4% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    +1.2% Q1'26: +17.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    -0.25× Q1'26: -0.26× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (2.32) × ERP
WACC = 97% × Ke + 3% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.62 Current price: 41.26
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
3 EPS Ana.
Dec 2027
3 Rev. Ana.
3 EPS Ana.
Dec 2028
3 Rev. Ana.
3 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
est: 16.67M (-100.0%)
est: 17.86M (-100.0%)
est: 62.02M (-100.0%)
est: 602.3K (-100.0%)
11.32M
8.41M – 14.23M
+1,779.6% YoY
57.25M
46.99M – 72.84M
+405.8% YoY
236.30M
236.30M – 236.30M
+312.7% YoY
497.93M
370.05M – 625.88M
+110.7% YoY
870.81M
647.16M – 1.09B
+74.9% YoY
EBITDA
-46.45M
-128.86M
-149.50M
-234.39M
— – —
— – —
— – —
— – —
— – —
EBIT
-47.36M
-133.07M
-176.21M
-234.39M
— – —
— – —
— – —
— – —
— – —
Net Income
-47.37M
est: -62.57M (+24.3%)
-133.10M
est: -123.79M (-7.5%)
-176.21M
est: -183.47M (+4.0%)
-229.97M
est: -229.97M (+0.0%)
-239.55M
-247.56M – -137.41M
-4.2% YoY
-167.98M
-182.42M – -153.54M
+29.9% YoY
-46.13M
-81.00M – -11.26M
+72.5% YoY
56.67M
37.75M – 75.60M
+222.8% YoY
209.11M
139.29M – 278.96M
+269.0% YoY
SGA
10.77M
24.41M
34.05M
52.02M
— – —
— – —
— – —
— – —
— – —
EPS
-1.23
est: -1.19 (-3.4%)
-2.91
est: -2.35 (-23.6%)
-3.35
est: -3.39 (+1.3%)
-4.32
est: -4.27 (-1.2%)
-3.83
-4.65 – -2.58
+10.2% YoY
-3.21
-3.43 – -2.89
+16.2% YoY
-0.92
-1.52 – -0.21
+71.3% YoY
1.07
0.71 – 1.42
+215.4% YoY
3.93
2.62 – 5.24
+269.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-05-06 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-05-05 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-05-04 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-05-01 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history)

Owner's Earnings history not available.

Owner alignment
Owner's Earnings TTM
OE per share TTM
Owner's Yield
Maintenance CapEx ratio
Maint CapEx / Avg PPE

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
61
Total invested
165.57M
Insider transactions (90d)
0
Beneficial owners (>5%)
18
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Baker Bros. Advisors (GP) LLC 9.30M 24.40% 9.30M 9.30M HC, OO Delaware 2018-10-12
2 Baker Bros. Advisors LP 9.30M 24.40% 9.30M 9.30M IA, PN Delaware 2018-10-12
3 Felix J. Baker 9.30M 24.40% 9.30M 9.30M HC, IN United States 2018-10-12
4 Julian C. Baker 9.30M 24.40% 9.30M 9.30M HC, IN United States 2018-10-12
5 D. Victor Perlroth, M.D. 6.26M 11.60% 6.26M 5.73M IN 2022-02-14
6 (1) BlackRock, Inc. 4.29M 8.20% 4.03M 4.29M HC Delaware 2023-02-03
7 Wellington Management Company LLP 4.11M 8.11% 3.89M IA Massachusetts 2021-02-04
8 10 3.66M 8.50% 3.66M 3.66M IN Delaware 2020-02-14
9 8.5% 3.66M 8.50% 3.66M 3.66M CO Delaware 2020-02-14
10 Joseph Edelman 3.17M 8.70% 3.17M 3.17M IN America 2018-10-19
11 Perceptive Advisors LLC 3.17M 8.70% 3.17M 3.17M IA Delaware 2018-10-19
12 Perceptive Life Sciences Master Fund, Ltd. 3.17M 8.70% 3.17M 3.17M CO Islands 2018-10-19
13 The Vanguard Group - 23-1945930 2.97M 5.74% 63.0K 2.88M 91.8K IA Pennsylvania For 2022-02-10
14 52-0556948 2.69M 5.10% 791.6K 2.69M IA Maryland 2022-03-10
15 Wellington Group Holdings LLP 1.65M 3.20% 1.37M HC Massachusetts 2022-03-10
16 Wellington Investment Advisors Holdings LLP 1.65M 3.20% 1.37M HC Massachusetts 2022-03-10
17 Wellington Management Group LLP 1.65M 3.20% 1.37M HC Massachusetts 2022-03-10
18 Dustin A. Moskovitz 1.38M 2.70% 1.38M 1.38M IN 2021-02-12

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
61
-106 vs prev Q
New positions
20
Closed positions
118
Increased
36
Reduced
14
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 BAKER BROS. ADVISORS LP 19.92M +2.6M (+15.1%) 556.94M +273.6M (+96.5%) 37.68% +4.885 pp 3.26% +1.213 pp USD10.44 +167.8% 29 qtrs
2 BLACKROCK, INC. 3.95M +1.0M (+33.9%) 110.57M +62.2M (+128.8%) 7.48% +1.888 pp 0.00% +0.001 pp USD9.03 +209.6% 6 qtrs
3 VANGUARD GROUP INC 2.31M +363.1K (+18.6%) 64.68M +32.8M (+102.6%) 4.38% +0.681 pp 0.00% +0.001 pp USD14.25 +96.2% 29 qtrs
4 POINT72 ASSET MANAGEMENT, L.P. 2.17M -670.2K (-23.6%) 60.59M +14.1M (+30.5%) 4.10% -1.276 pp 0.07% -0.010 pp USD14.76 +89.4% 5 qtrs
5 BRAIDWELL LP 2.07M +2.1M (+100.0%) 57.96M +58.0M (+100.0%) 3.92% +3.921 pp 1.85% +1.853 pp USD27.96 +0.0% 1 qtrs NEW
6 STATE STREET CORP 1.73M +899.6K (+108.1%) 48.43M +34.8M (+255.4%) 3.28% +1.699 pp 0.00% +0.001 pp USD18.73 +49.3% 29 qtrs
7 RTW INVESTMENTS, LP 1.49M +1.5M (+100.0%) 41.60M +41.6M (+100.0%) 2.81% +2.815 pp 0.42% +0.417 pp USD27.96 +0.0% 1 qtrs NEW
8 TCG CROSSOVER MANAGEMENT, LLC 1.45M +300.0K (+26.2%) 40.42M +21.7M (+115.5%) 2.73% +0.564 pp 1.34% +0.415 pp USD9.45 +195.9% 9 qtrs
9 GOLDMAN SACHS GROUP INC 1.30M +976.3K (+298.8%) 36.43M +31.1M (+581.1%) 2.47% +1.846 pp 0.00% +0.004 pp USD24.56 +13.8% 29 qtrs
10 ICONIQ CAPITAL, LLC 1.27M +— (+0.0%) 35.41M +14.7M (+70.8%) 2.40% -0.004 pp 0.53% +0.277 pp USD2.87 +874.2% 26 qtrs
11 PRICE T ROWE ASSOCIATES INC /MD/ 1.17M +668.0K (+133.0%) 32.72M +24.5M (+297.9%) 2.21% +1.262 pp 0.00% +0.003 pp USD22.76 +22.8% 6 qtrs
12 BOXER CAPITAL MANAGEMENT, LLC 1.14M +386.0K (+51.5%) 31.76M +19.5M (+158.7%) 2.15% +0.728 pp 6.95% +3.039 pp USD15.91 +75.7% 5 qtrs
13 SILVERARC CAPITAL MANAGEMENT, LLC 1.02M +23.1K (+2.3%) 28.61M +12.2M (+74.7%) 1.94% +0.041 pp 3.97% +1.766 pp USD12.61 +121.7% 10 qtrs
14 JANUS HENDERSON GROUP PLC 1.00M +1.0M (+100.0%) 27.95M +28.0M (+100.0%) 1.89% +1.892 pp 0.01% +0.013 pp USD27.96 +0.0% 1 qtrs NEW
15 GEODE CAPITAL MANAGEMENT, LLC 897.7K +96.3K (+12.0%) 25.11M +12.0M (+91.3%) 1.70% +0.180 pp 0.00% +0.001 pp USD11.51 +142.9% 29 qtrs
16 PERCEPTIVE ADVISORS LLC 848.9K +214.3K (+33.8%) 23.74M +13.3M (+128.5%) 1.61% +0.404 pp 0.42% +0.123 pp USD19.30 +44.9% 2 qtrs
17 ARTISAN PARTNERS LIMITED PARTNERSHIP 836.5K +836.5K (+100.0%) 23.39M +23.4M (+100.0%) 1.58% +1.583 pp 0.04% +0.035 pp USD27.96 +0.0% 1 qtrs NEW
18 ADAGE CAPITAL PARTNERS GP, L.L.C. 785.0K -550.0K (-41.2%) 21.95M +94.7K (+0.4%) 1.49% -1.044 pp 0.03% -0.001 pp USD7.09 +294.4% 5 qtrs
19 IKARIAN CAPITAL, LLC 719.8K +305.9K (+73.9%) 20.13M +13.4M (+197.1%) 1.36% +0.578 pp 1.57% +0.887 pp USD14.21 +96.8% 12 qtrs
20 ACADIAN ASSET MANAGEMENT LLC 709.8K -260.1K (-26.8%) 19.84M +4.0M (+25.0%) 1.34% -0.495 pp 0.03% +0.005 pp USD3.17 +782.0% 16 qtrs
21 MORGAN STANLEY 699.8K +52.2K (+8.1%) 19.57M +9.0M (+84.6%) 1.32% +0.097 pp 0.00% +0.001 pp USD13.55 +106.3% 29 qtrs
22 BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 691.8K +— (+0.0%) 19.34M +8.0M (+70.8%) 1.31% -0.002 pp 3.90% +2.567 pp USD1.42 +1,869.0% 29 qtrs
23 INVESCO LTD. 555.1K +454.9K (+454.1%) 15.52M +13.9M (+846.4%) 1.05% +0.860 pp 0.00% +0.002 pp USD24.88 +12.4% 26 qtrs
24 BOONE CAPITAL MANAGEMENT LLC 503.8K -212.0K (-29.6%) 14.09M +2.4M (+20.2%) 0.95% -0.403 pp 4.42% +0.579 pp USD16.37 +70.8% 2 qtrs
25 WELLINGTON MANAGEMENT GROUP LLP 473.8K +356.7K (+304.7%) 13.25M +11.3M (+591.3%) 0.90% +0.675 pp 0.00% +0.002 pp USD22.63 +23.6% 3 qtrs
26 T. ROWE PRICE INVESTMENT MANAGEMENT, INC. 409.1K +409.1K (+100.0%) 11.44M +11.4M (+100.0%) 0.77% +0.774 pp 0.01% +0.007 pp USD27.96 +0.0% 1 qtrs NEW
27 RENAISSANCE TECHNOLOGIES LLC 359.8K -101.5K (-22.0%) 10.06M +2.5M (+33.2%) 0.68% -0.193 pp 0.02% +0.006 pp USD3.78 +639.7% 15 qtrs
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 340.7K +61.2K (+21.9%) 9.52M +4.9M (+108.2%) 0.64% +0.115 pp 0.00% +0.001 pp USD13.20 +111.8% 29 qtrs
29 NORTHERN TRUST CORP 333.7K -4.2K (-1.3%) 9.33M +3.8M (+68.7%) 0.63% -0.009 pp 0.00% +0.001 pp USD5.93 +371.5% 29 qtrs
30 DIMENSIONAL FUND ADVISORS LP 327.5K -190.5K (-36.8%) 9.16M +678.6K (+8.0%) 0.62% -0.362 pp 0.00% +0.000 pp USD6.67 +319.2% 21 qtrs
31 D. E. SHAW & CO., INC. 320.6K -137.2K (-30.0%) 8.97M +1.5M (+19.6%) 0.61% -0.261 pp 0.00% +0.001 pp USD6.92 +304.0% 25 qtrs
32 291.7K +291.7K (+100.0%) 8.16M +8.2M (+100.0%) 0.55% +0.552 pp 3.46% +3.456 pp USD27.96 +0.0% 1 qtrs NEW
33 CITADEL ADVISORS LLC 290.5K +245.0K (+539.0%) 8.12M +7.4M (+991.5%) 0.55% +0.463 pp 0.00% +0.001 pp USD26.15 +6.9% 2 qtrs
34 JAIN GLOBAL LLC 284.9K +284.9K (+100.0%) 7.97M +8.0M (+100.0%) 0.54% +0.539 pp 0.04% +0.039 pp USD27.96 +0.0% 1 qtrs NEW
35 BALYASNY ASSET MANAGEMENT L.P. 263.3K +247.9K (+1,607.5%) 7.36M +7.1M (+2,816.4%) 0.50% +0.469 pp 0.01% +0.009 pp USD27.28 +2.5% 2 qtrs
36 FEDERATED HERMES, INC. 244.2K +— (+0.0%) 6.83M +2.8M (+70.8%) 0.46% -0.001 pp 0.01% +0.004 pp USD3.41 +719.9% 4 qtrs
37 ATOM INVESTORS LP 207.5K +207.5K (+100.0%) 5.80M +5.8M (+100.0%) 0.39% +0.393 pp 0.46% +0.461 pp USD27.96 +0.0% 1 qtrs NEW
38 FMR LLC 199.2K -63.9K (-24.3%) 5.57M +1.3M (+29.3%) 0.38% -0.122 pp 0.00% +0.000 pp USD4.75 +488.6% 25 qtrs
39 BANK OF AMERICA CORP /DE/ 196.7K -112.4K (-36.4%) 5.50M +439.9K (+8.7%) 0.37% -0.214 pp 0.00% +0.000 pp USD14.60 +91.5% 29 qtrs
40 TREXQUANT INVESTMENT LP 190.5K +143.3K (+303.1%) 5.33M +4.6M (+588.6%) 0.36% +0.271 pp 0.05% +0.040 pp USD25.09 +11.4% 2 qtrs
41 PANAGORA ASSET MANAGEMENT INC 180.7K +25.8K (+16.7%) 5.05M +2.5M (+99.3%) 0.34% +0.048 pp 0.02% +0.008 pp USD8.38 +233.7% 7 qtrs
42 SPHERA FUNDS MANAGEMENT LTD. 175.5K +175.5K (+100.0%) 4.91M +4.9M (+100.0%) 0.33% +0.332 pp 0.95% +0.949 pp USD27.96 +0.0% 1 qtrs NEW
43 BOOTHBAY FUND MANAGEMENT, LLC 173.2K +56.8K (+48.8%) 4.84M +2.9M (+154.1%) 0.33% +0.107 pp 0.07% +0.045 pp USD12.01 +132.8% 12 qtrs
44 UBS GROUP AG 168.6K +111.9K (+197.2%) 4.71M +3.8M (+407.7%) 0.32% +0.211 pp 0.00% +0.001 pp USD21.69 +28.9% 14 qtrs
45 BRUCE & CO., INC. 165.0K -114.3K (-40.9%) 4.61M +41.1K (+0.9%) 0.31% -0.217 pp 1.43% +0.015 pp USD6.20 +351.0% 12 qtrs
46 TD ASSET MANAGEMENT INC 133.9K +73.3K (+121.0%) 3.74M +2.8M (+277.4%) 0.25% +0.139 pp 0.00% +0.002 pp USD22.72 +23.1% 2 qtrs
47 JACOBS LEVY EQUITY MANAGEMENT, INC 127.2K -38.0K (-23.0%) 3.56M +852.7K (+31.5%) 0.24% -0.072 pp 0.01% +0.003 pp USD3.42 +717.5% 14 qtrs
48 BARCLAYS PLC 124.3K +44.7K (+56.1%) 3.48M +3.3M (+1,572.1%) 0.24% +0.084 pp 0.00% +0.001 pp USD12.60 +121.9% 28 qtrs
49 RIA ADVISORY GROUP LLC 113.5K -52.1K (-31.5%) 3.17M +462.9K (+17.1%) 0.21% -0.099 pp 0.76% +0.068 pp USD4.91 +469.5% 6 qtrs
50 TWO SIGMA ADVISERS, LP 103.1K -106.3K (-50.8%) 2.88M -545.2K (-15.9%) 0.20% -0.202 pp 0.01% -0.001 pp USD6.88 +306.4% 24 qtrs
51 BANK OF NEW YORK MELLON CORP 102.7K -1.7K (-1.7%) 2.87M +1.2M (+68.0%) 0.19% -0.004 pp 0.00% +0.000 pp USD11.06 +152.8% 29 qtrs
52 WELLS FARGO & COMPANY/MN 92.1K +65.7K (+248.8%) 2.58M +2.1M (+495.7%) 0.17% +0.124 pp 0.00% +0.000 pp USD21.22 +31.8% 29 qtrs
53 MANUFACTURERS LIFE INSURANCE COMPANY, THE 91.5K +50.2K (+121.8%) 2.56M +1.9M (+278.7%) 0.17% +0.095 pp 0.00% +0.002 pp USD22.73 +23.0% 5 qtrs
54 ADVISOR GROUP HOLDINGS, INC. 83.4K +73.3K (+726.0%) 2.33M +2.2M (+1,453.6%) 0.16% +0.139 pp 0.00% +0.003 pp USD25.35 +10.3% 24 qtrs
55 PRUDENTIAL FINANCIAL INC 78.3K +16.0K (+25.6%) 2.19M +1.2M (+114.6%) 0.15% +0.030 pp 0.00% +0.001 pp USD18.73 +49.3% 2 qtrs
56 NUVEEN, LLC 73.0K -48.4K (-39.8%) 2.04M +54.8K (+2.8%) 0.14% -0.092 pp 0.00% +0.000 pp USD2.81 +895.0% 4 qtrs
57 NEW YORK STATE COMMON RETIREMENT FUND 67.3K +65.6K (+4,023.9%) 1.88M +1.9M (+6,943.7%) 0.13% +0.124 pp 0.00% +0.003 pp USD27.71 +0.9% 28 qtrs
58 HARVEST INVESTMENT SERVICES, LLC 62.0K +62.0K (+100.0%) 1.73M +1.7M (+100.0%) 0.12% +0.117 pp 0.33% +0.327 pp USD27.96 +0.0% 1 qtrs NEW
59 MILLENNIUM MANAGEMENT LLC 60.6K -94.6K (-61.0%) 1.69M -846.6K (-33.3%) 0.11% -0.180 pp 0.00% 0.000 pp USD16.37 +70.8% 27 qtrs
60 SOLEUS CAPITAL MANAGEMENT, L.P. 60.0K +40.4K (+205.4%) 1.68M +1.4M (+421.7%) 0.11% +0.076 pp 0.06% +0.046 pp USD24.17 +15.7% 2 qtrs
61 RAFFERTY ASSET MANAGEMENT, LLC 59.5K +59.5K (+100.0%) 1.66M +1.7M (+100.0%) 0.11% +0.113 pp 0.01% +0.006 pp USD27.96 +0.0% 1 qtrs NEW
62 AQR CAPITAL MANAGEMENT LLC 57.7K +16.5K (+40.1%) 1.61M +939.1K (+139.3%) 0.11% +0.031 pp 0.00% +0.000 pp USD10.01 +179.3% 16 qtrs
63 TWO SIGMA INVESTMENTS, LP 51.7K -86.6K (-62.6%) 1.44M -818.6K (-36.2%) 0.10% -0.164 pp 0.00% -0.001 pp USD11.46 +144.0% 26 qtrs
64 NORGES BANK 50.0K +50.0K (+100.0%) 1.40M +1.4M (+100.0%) 0.09% +0.095 pp 0.00% +0.000 pp USD27.96 +0.0% 1 qtrs NEW
65 VICTORY CAPITAL MANAGEMENT INC 44.0K +44.0K (+100.0%) 1.23M +1.2M (+100.0%) 0.08% +0.083 pp 0.00% +0.001 pp USD27.96 +0.0% 1 qtrs NEW
66 CAMPBELL & CO INVESTMENT ADVISER LLC 43.4K +13.6K (+45.5%) 1.21M +724.7K (+148.5%) 0.08% +0.026 pp 0.06% +0.021 pp USD20.00 +39.8% 2 qtrs
67 RHUMBLINE ADVISERS 43.2K -5.2K (-10.8%) 1.21M +415.8K (+52.4%) 0.08% -0.010 pp 0.00% +0.000 pp USD8.18 +241.8% 27 qtrs
68 BRIDGEWAY CAPITAL MANAGEMENT, LLC 43.2K -29.0K (-40.2%) 1.21M +26.0K (+2.2%) 0.08% -0.055 pp 0.03% +0.000 pp USD2.98 +838.3% 9 qtrs
69 POLEN CAPITAL MANAGEMENT LLC 41.3K +19.8K (+91.7%) 1.16M +802.8K (+227.4%) 0.08% +0.037 pp 0.00% +0.004 pp USD21.91 +27.6% 2 qtrs
70 Y-INTERCEPT (HONG KONG) LTD 38.0K +38.0K (+100.0%) 1.06M +1.1M (+100.0%) 0.07% +0.072 pp 0.02% +0.024 pp USD27.96 +0.0% 1 qtrs NEW
71 STATE OF WISCONSIN INVESTMENT BOARD 36.8K -5.9K (-13.9%) 1.03M +329.4K (+47.1%) 0.07% -0.011 pp 0.00% +0.001 pp USD5.53 +405.6% 5 qtrs
72 SUSQUEHANNA INTERNATIONAL GROUP, LLP 36.7K -134.7K (-78.6%) 1.03M -1.8M (-63.4%) 0.07% -0.255 pp 0.00% 0.000 pp USD13.12 +113.1% 26 qtrs
73 DEUTSCHE BANK AG\ 35.3K +4.6K (+14.9%) 987.5K +484.5K (+96.3%) 0.07% +0.009 pp 0.00% +0.000 pp USD7.30 +283.0% 29 qtrs
74 ALLIANCEBERNSTEIN L.P. 35.2K -19.9K (-36.1%) 983.6K +82.3K (+9.1%) 0.07% -0.038 pp 0.00% +0.000 pp USD15.97 +75.1% 27 qtrs
75 RUSSELL INVESTMENTS GROUP, LTD. 31.7K -4.2K (-11.8%) 886.8K +298.2K (+50.7%) 0.06% -0.008 pp 0.00% +0.000 pp USD8.69 +221.7% 26 qtrs
76 TUDOR INVESTMENT CORP ET AL 30.8K -59.3K (-65.8%) 861.2K -613.8K (-41.6%) 0.06% -0.112 pp 0.00% -0.001 pp USD16.37 +70.8% 2 qtrs
77 DIADEMA PARTNERS LP 29.6K +1.8K (+6.5%) 827.6K +372.5K (+81.9%) 0.06% +0.003 pp 0.14% +0.026 pp USD17.07 +63.8% 2 qtrs
78 FOX RUN MANAGEMENT, L.L.C. 29.4K +17.0K (+136.1%) 822.6K +618.6K (+303.3%) 0.06% +0.032 pp 0.13% +0.095 pp USD23.05 +21.3% 2 qtrs
79 J. GOLDMAN & CO LP 28.9K +28.9K (+100.0%) 809.4K +809.4K (+100.0%) 0.05% +0.055 pp 0.02% +0.021 pp USD27.96 +0.0% 1 qtrs NEW
80 JANE STREET GROUP, LLC 25.1K +7.0K (+38.7%) 701.8K +405.5K (+136.9%) 0.05% +0.013 pp 0.00% +0.000 pp USD19.60 +42.7% 2 qtrs
81 ARIES WEALTH MANAGEMENT 25.0K +— (+0.0%) 699.0K +289.8K (+70.8%) 0.05% 0.000 pp 0.15% +0.058 pp USD2.81 +895.0% 4 qtrs
82 SG AMERICAS SECURITIES, LLC 24.1K +10.2K (+73.5%) 675.0K +447.0K (+196.1%) 0.05% +0.019 pp 0.00% +0.000 pp USD21.28 +31.4% 2 qtrs
83 PROFUND ADVISORS LLC 22.1K +22.1K (+100.0%) 617.7K +617.7K (+100.0%) 0.04% +0.042 pp 0.02% +0.019 pp USD27.96 +0.0% 1 qtrs NEW
84 SEI INVESTMENTS CO 20.7K +20.7K (+100.0%) 577.8K +577.8K (+100.0%) 0.04% +0.039 pp 0.00% +0.001 pp USD27.96 +0.0% 1 qtrs NEW
85 AMERIPRISE FINANCIAL INC 19.9K -29.0K (-59.3%) 556.3K -243.4K (-30.4%) 0.04% -0.055 pp 0.00% 0.000 pp USD3.88 +620.6% 14 qtrs
86 FRANKLIN RESOURCES INC 19.5K +19.5K (+100.0%) 546.0K +546.0K (+100.0%) 0.04% +0.037 pp 0.00% +0.000 pp USD27.96 +0.0% 1 qtrs NEW
87 METLIFE INVESTMENT MANAGEMENT, LLC 19.4K +— (+0.0%) 543.2K +225.2K (+70.8%) 0.04% 0.000 pp 0.00% +0.001 pp USD16.37 +70.8% 2 qtrs
88 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 18.7K +3.7K (+24.9%) 521.9K +277.1K (+113.2%) 0.04% +0.007 pp 0.00% +0.000 pp USD7.64 +266.0% 7 qtrs
89 LPL FINANCIAL LLC 18.4K +18.4K (+100.0%) 514.4K +514.4K (+100.0%) 0.03% +0.035 pp 0.00% +0.000 pp USD27.96 +0.0% 1 qtrs NEW
90 JPMORGAN CHASE & CO 17.9K +4.7K (+35.7%) 500.6K +284.6K (+131.8%) 0.03% +0.009 pp 0.00% +0.000 pp USD13.50 +107.1% 29 qtrs
91 BREVAN HOWARD CAPITAL MANAGEMENT LP 17.2K +17.2K (+100.0%) 481.1K +481.1K (+100.0%) 0.03% +0.033 pp 0.01% +0.005 pp USD27.96 +0.0% 1 qtrs NEW
92 ARTIA GLOBAL PARTNERS LP 17.0K +17.0K (+100.0%) 475.9K +475.9K (+100.0%) 0.03% +0.032 pp 0.08% +0.076 pp USD27.96 +0.0% 1 qtrs NEW
93 CITIGROUP INC 16.6K +8.0K (+93.8%) 464.6K +324.3K (+231.0%) 0.03% +0.015 pp 0.00% +0.000 pp USD15.19 +84.1% 29 qtrs
94 CERITY PARTNERS LLC 16.4K +1.1K (+7.4%) 459.8K +209.3K (+83.5%) 0.03% +0.002 pp 0.00% +0.000 pp USD4.37 +539.8% 8 qtrs
95 HEADLANDS TECHNOLOGIES LLC 16.3K -13.5K (-45.3%) 455.1K -31.6K (-6.5%) 0.03% -0.026 pp 0.04% -0.001 pp USD13.41 +108.5% 5 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 90 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Virtus Biotech Clinical Trials ETF BBC 0.75% 429.7K 0.65%
2 Global X - S&P Biotech ETF CURE.AX 0.57% 206.2K 0.45%
3 State Street SPDR S&P Biotech ETF XBI 0.57% 61.94M 0.35%
4 Vanguard Global Momentum Factor ETF VMO.TO 0.22% 804.1K 0.38%
5 iShares Biotechnology ETF IBB 0.18% 17.28M 0.44%
6 iShares Nasdaq US Biotechnology UCITS ETF BTEE.L 0.18% 133.3K 0.35%
7 iShares Nasdaq US Biotechnology UCITS ETF BTEC.L 0.18% 1.99M 0.35%
8 T. Rowe Price Innovation Leaders ETF TNXT 0.18% 32.9K 0.49%
9 Invesco NASDAQ Biotech UCITS ETF SBIO.L 0.18% 823.0K 0.40%
10 Invesco Nasdaq Biotechnology ETF IBBQ 0.18% 132.8K 0.19%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.33
Bearish
Ratio by volume
0.66
Neutral
Buys
2
Sells
6
Shares acquired
58.6K
Shares disposed
88.6K
Cash buys
Cash sales
4.00
Net activity
-30,000
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-15 BORGESON JOHN A. Officer M-Exempt A Common Stock 28,614 1.04 29.8K 211,930 D
2026-04-02 BORGESON JOHN A. Officer M-Exempt A Common Stock 30,000 1.04 31.2K 213,316 D
2026-03-25 PERLROTH VICTOR Director / Officer M-Exempt D Stock Option (Right to Buy) 300,000 1.04 312.0K 0 D
2026-03-18 PERLROTH VICTOR Director / Officer A-Award A Stock Option (Right to Buy) 175,000 25.00 4.38M 175,000 D
2025-12-31 PERLROTH VICTOR 0 0.00 0
2025-12-18 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 2,391,268 23.00 55.00M 18,358,772 I
2025-07-04 PERLROTH VICTOR Director / Officer / 10% Owner A-Award A Stock Option (Right to Buy) 340,000 3.95 1.34M 340,000 D
2025-07-04 BORGESON JOHN A. Officer A-Award A Stock Option (Right to Buy) 250,000 3.95 987.5K 250,000 D
2025-06-30 Yang Taiyin Director A-Award A Stock Option (Right to Buy) 40,000 3.73 149.2K 40,000 D
2025-06-30 PROFUSEK ROBERT Director A-Award A Stock Option (Right to Buy) 40,000 3.73 149.2K 40,000 D
2025-06-30 Levy Richard S Director A-Award A Stock Option (Right to Buy) 40,000 3.73 149.2K 40,000 D
2025-06-30 Dahiyat Bassil I Director A-Award A Stock Option (Right to Buy) 40,000 3.73 149.2K 40,000 D
2025-06-30 Bancroft Charles A Director A-Award A Stock Option (Right to Buy) 40,000 3.73 149.2K 40,000 D
2025-06-30 BAKER BROS. ADVISORS LP Director / 10% Owner A-Award A Non- Qualified Stock Options (right to buy) 40,000 3.73 149.2K 40,000 I
2025-06-17 BORGESON JOHN A. Officer S-Sale D Common Stock 723 3.65 2.6K 183,316 D
2025-06-15 BORGESON JOHN A. Officer M-Exempt A Common Stock 1,875 0.00 184,039 D
2024-08-05 PERLROTH VICTOR Director / Officer / 10% Owner A-Award A Stock Option (Right to Buy) 406,000 2.49 1.01M 406,000
2024-08-05 BORGESON JOHN A. Officer A-Award A Stock Option (Right to Buy) 334,500 2.49 832.9K 334,500
2024-06-28 Yang Taiyin Director A-Award A Stock Option (Right to Buy) 40,000 2.35 94.0K 40,000
2024-06-28 PROFUSEK ROBERT Director A-Award A Stock Option (Right to Buy) 40,000 2.35 94.0K 40,000
2024-06-28 Levy Richard S Director A-Award A Stock Option (Right to Buy) 40,000 2.35 94.0K 40,000
2024-06-28 Dahiyat Bassil I Director A-Award A Stock Option (Right to Buy) 40,000 2.35 94.0K 40,000
2024-06-28 Bancroft Charles A Director A-Award A Stock Option (Right to Buy) 40,000 2.35 94.0K 40,000
2024-06-28 BAKER BROS. ADVISORS LP Director / 10% Owner A-Award A Non- Qualified Stock Options (right to buy) 40,000 2.35 94.0K 40,000
2024-06-17 BORGESON JOHN A. Officer S-Sale D Common Stock 2,874 2.75 7.9K 182,164
2024-06-15 BORGESON JOHN A. Officer M-Exempt D Restricted Stock Units 3,619 0.00 0
2024-06-12 BORGESON JOHN A. Officer S-Sale D Common Stock 1,558 2.92 4.5K 179,544
2024-06-11 BORGESON JOHN A. Officer M-Exempt A Common Stock 3,025 0.00 181,102
2023-06-30 Yang Taiyin Director A-Award A Stock Option (Right to Buy) 40,000 6.90 276.0K 40,000
2023-06-30 PROFUSEK ROBERT Director A-Award A Stock Option (Right to Buy) 40,000 6.90 276.0K 40,000
2023-06-30 Levy Richard S Director A-Award A Stock Option (Right to Buy) 40,000 6.90 276.0K 40,000
2023-06-30 Dahiyat Bassil I Director A-Award A Stock Option (Right to Buy) 40,000 6.90 276.0K 40,000
2023-06-30 Bancroft Charles A Director A-Award A Stock Option (Right to Buy) 40,000 6.90 276.0K 40,000
2023-06-30 BAKER BROS. ADVISORS LP Director / 10% Owner A-Award A Non-Qualified Stock Options (right to buy) 40,000 6.90 276.0K 40,000
2023-06-24 PERLROTH VICTOR Director / Officer / 10% Owner A-Award A Stock Option (Right to Buy) 335,000 7.24 2.43M 335,000
2023-06-24 EHRLICH JASON Officer A-Award A Stock Option (Right to Buy) 207,500 7.24 1.50M 207,500
2023-06-24 BORGESON JOHN A. Officer A-Award A Stock Option (Right to Buy) 207,500 7.24 1.50M 207,500
2023-06-16 EHRLICH JASON Officer S-Sale D Common Stock 2,258 9.23 20.8K 61,924
2023-06-16 BORGESON JOHN A. Officer S-Sale D Common Stock 2,749 9.23 25.4K 178,077
2023-06-15 EHRLICH JASON Officer M-Exempt A Common Stock 5,494 0.00 64,182
2023-06-15 BORGESON JOHN A. Officer M-Exempt D Restricted Stock Units 3,619 0.00 3,619
2023-06-14 EHRLICH JASON Officer S-Sale D Common Stock 1,132 9.42 10.7K 58,688
2023-06-14 BORGESON JOHN A. Officer S-Sale D Common Stock 1,448 9.42 13.6K 175,332
2023-06-11 EHRLICH JASON Officer M-Exempt A Common Stock 2,900 0.00 59,820
2023-06-11 BORGESON JOHN A. Officer M-Exempt A Common Stock 3,025 0.00 176,780
2022-12-31 PERLROTH VICTOR Director / Officer / 10% Owner 0 0.00 0
2022-07-06 PERLROTH VICTOR Officer A-Award A Stock Option (Right to Buy) 325,000 0.00 325,000
2022-07-06 EHRLICH JASON Officer A-Award A Stock Option (Right to Buy) 142,500 8.15 1.16M 142,500
2022-07-06 BORGESON JOHN A. Officer A-Award A Stock Option (Right to Buy) 142,500 0.00 142,500
2022-06-30 Yang Taiyin Director A-Award A Stock Option (Right to Buy) 25,000 0.00 25,000
2022-06-30 PROFUSEK ROBERT Director A-Award A Stock Option (Right to Buy) 25,000 0.00 25,000
2022-06-30 Levy Richard S Director A-Award A Stock Option (Right to Buy) 25,000 0.00 25,000
2022-06-30 Dahiyat Bassil I Director A-Award A Stock Option (Right to Buy) 25,000 0.00 25,000
2022-06-30 Bancroft Charles A Director A-Award A Stock Option (Right to Buy) 25,000 7.64 191.0K 25,000
2022-06-30 BAKER FELIX Director A-Award A Non-Qualified Stock Options (right to buy) 25,000 0.00 25,000
2022-06-30 BAKER BROS. ADVISORS LP Director / 10% Owner A-Award A Non-Qualified Stock Options (right to buy) 25,000 7.64 191.0K 25,000
2022-06-15 EHRLICH JASON Officer M-Exempt A Common Stock 5,494 0.00 60,407
2022-06-15 BORGESON JOHN A. Officer S-Sale D Common Stock 2,798 7.02 19.6K 173,755
2022-06-11 EHRLICH JASON Officer M-Exempt D Restricted Stock Units 2,900 0.00 5,800
2022-06-11 BORGESON JOHN A. Officer M-Exempt D Restricted Stock Units 3,025 0.00 6,050
2022-06-06 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 170,549 7.78 1.33M 15,967,504
2022-06-03 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 9,224 7.95 73.4K 1,310,933
2022-06-02 BAKER FELIX Director P-Purchase A Common Stock 13,155 7.93 104.4K 15,617,369
2022-06-02 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 1,247 7.51 9.4K 1,283,881
2022-05-27 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 88,046 6.92 609.3K 15,455,507
2022-05-26 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 6,299 6.75 42.5K 1,266,064
2022-05-25 BAKER FELIX Director P-Purchase A Common Stock 116 6.76 783.58 1,266,180
2022-05-25 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 4,984 6.60 32.9K 1,256,333
2022-05-18 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 1,115 5.95 6.6K 1,222,483
2022-05-17 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 90,674 5.99 542.9K 14,942,601
2022-05-16 BAKER FELIX Director P-Purchase A Common Stock 8,118 5.99 48.6K 14,851,927
2022-05-16 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 1,846 5.75 10.6K 1,209,336
2022-02-25 PERLROTH VICTOR Director / Officer / 10% Owner S-Sale D Common Stock 340,000 8.99 3.06M 2,168,038
2022-02-24 PERLROTH VICTOR Director / Officer / 10% Owner S-Sale D Common Stock 1,000,000 9.20 9.20M 2,508,038
2022-02-17 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 271,997 54.57 14.84M 14,734,965
2022-02-16 PERLROTH VICTOR Director / Officer / 10% Owner A-Award A Stock Option (Right to Buy) 60,000 131.44 7.89M 60,000
2022-02-16 EHRLICH JASON Officer A-Award A Stock Option (Right to Buy) 15,000 131.44 1.97M 15,000
2022-02-16 BORGESON JOHN A. Officer A-Award A Stock Option (Right to Buy) 15,000 131.44 1.97M 15,000
2022-02-16 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 64,119 54.26 3.48M 14,457,794
2022-02-15 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 5,359 54.16 290.2K 14,369,871
2022-01-31 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 27,841 57.22 1.59M 14,364,512
2022-01-28 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 1,851 49.70 92.0K 1,160,894
2022-01-27 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 54,024 51.67 2.79M 14,285,631
2022-01-25 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 5,500 58.90 323.9K 14,027,837
2022-01-24 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 25,900 57.59 1.49M 13,823,073
2022-01-21 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 31,207 57.53 1.80M 13,660,140
2022-01-20 EHRLICH JASON Officer S-Sale D Common Stock 2,416 63.55 153.5K 55,267
2021-12-20 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 6,950 10.29 71.5K 225,488
2021-11-22 EHRLICH JASON Officer M-Exempt A Common Stock 6,950 10.29 71.5K 58,491
2021-11-10 BORGESON JOHN A. Officer S-Sale D Common Stock 204 116.29 23.7K 169,443
2021-10-20 EHRLICH JASON Officer M-Exempt A Common Stock 6,950 10.29 71.5K 58,491
2021-09-30 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 86,932 95.83 8.33M 13,526,726
2021-09-29 BAKER BROS. ADVISORS LP Director / 10% Owner M-Exempt A Common Stock 138,815 0.01 1.4K 13,439,808
2021-09-20 EHRLICH JASON Officer S-Sale D Common Stock 503 100.52 50.6K 51,890
2021-09-16 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 1,153 94.59 109.1K 13,300,993
2021-09-15 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 400 94.48 37.8K 13,299,840
2021-09-07 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 52,201 93.35 4.87M 13,269,155
2021-08-20 EHRLICH JASON Officer S-Sale D Common Stock 542 90.64 49.1K 57,035
2021-08-19 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 73,635 87.61 6.45M 13,211,654
2021-08-18 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 8,186 87.91 719.7K 13,126,506
2021-08-17 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 7,764 85.95 667.3K 13,105,422
2021-08-13 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 400 88.82 35.5K 13,097,258
2021-08-12 PERLROTH VICTOR Director / Officer / 10% Owner A-Award A Stock Option (Right to Buy) 241,000 88.21 21.26M 241,000
2021-08-12 EHRLICH JASON Officer A-Award A Stock Option (Right to Buy) 50,000 88.21 4.41M 50,000
2021-08-12 BORGESON JOHN A. Officer A-Award A Restricted Stock Units 15,000 0.00 15,000
2021-08-12 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 6,086 88.01 535.6K 13,058,994
2021-08-11 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 600 85.72 51.4K 12,998,808
2021-07-20 EHRLICH JASON Officer S-Sale D Common Stock 2,234 85.76 191.6K 57,949
2021-06-30 Yang Taiyin Director A-Award A Stock Option (Right to Buy) 7,368 93.00 685.2K 7,368
2021-06-30 PROFUSEK ROBERT Director A-Award A Stock Option (Right to Buy) 7,368 93.00 685.2K 7,368
2021-06-30 Levy Richard S Director A-Award A Stock Option (Right to Buy) 7,368 93.00 685.2K 7,368
2021-06-30 Dahiyat Bassil I Director A-Award A Stock Option (Right to Buy) 7,368 93.00 685.2K 7,368
2021-06-30 Bancroft Charles A Director A-Award A Stock Option (Right to Buy) 7,368 93.00 685.2K 7,368
2021-06-30 BAKER BROS. ADVISORS LP Director / 10% Owner A-Award A Non-Qualified Stock Options (right to buy) 7,368 93.00 685.2K 7,368
2021-06-29 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 7,079 89.87 636.2K 12,791,909
2021-06-28 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 10,459 91.87 960.8K 12,784,830
2021-06-21 EHRLICH JASON Officer S-Sale D Common Stock 475 82.22 39.1K 66,658
2021-06-15 EHRLICH JASON Officer S-Sale D Common Stock 1,147 84.75 97.2K 64,968
2021-06-15 BORGESON JOHN A. Officer M-Exempt A Common Stock 3,619 0.00 171,609
2021-06-11 PERLROTH VICTOR Director / Officer / 10% Owner A-Award A Stock Option (Right to Buy) 111,850 73.51 8.22M 111,850
2021-06-11 EHRLICH JASON Officer M-Exempt A Common Stock 2,900 0.00 66,115
2021-06-11 BORGESON JOHN A. Officer M-Exempt A Common Stock 3,025 0.00 169,027
2021-05-20 EHRLICH JASON Officer S-Sale D Common Stock 5,063 80.85 409.3K 65,048
2021-05-12 EHRLICH JASON Officer M-Exempt A Common Stock 1,889 10.00 18.9K 70,111
2021-04-20 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 6,950 10.29 71.5K 263,925
2021-03-22 EHRLICH JASON Officer S-Sale D Common Stock 4,088 131.71 538.4K 63,721
2021-03-10 BORGESON JOHN A. Officer S-Sale D Common Stock 805 131.69 106.0K 165,899
2021-03-03 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 12,500 10.29 128.6K 277,825
2021-02-22 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 6,950 10.29 71.5K 290,325
2021-01-20 EHRLICH JASON Officer S-Sale D Common Stock 3,132 165.64 518.8K 64,775
2020-12-31 PERLROTH VICTOR Director / Officer / 10% Owner 0 0.00 0
2020-12-23 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 7,500 10.29 77.2K 324,225
2020-12-21 EHRLICH JASON Officer S-Sale D Common Stock 408 144.59 59.0K 46,563
2020-11-20 EHRLICH JASON Officer S-Sale D Common Stock 981 138.56 135.9K 47,648
2020-11-20 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 116,158 108.00 12.55M 1,143,396
2020-10-27 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 7,500 10.29 77.2K 345,625
2020-10-23 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 7,500 10.29 77.2K 353,125
2020-10-20 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 6,950 10.29 71.5K 360,625
2020-10-13 EHRLICH JASON Officer S-Sale D Common Stock 5,000 75.00 375.0K 42,843
2020-10-09 EHRLICH JASON Officer M-Exempt A Common Stock 15,000 0.00 48,984
2020-09-25 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 557 58.09 32.4K 1,027,238
2020-09-24 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 2,081 52.11 108.5K 1,024,049
2020-09-23 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 74,381 52.44 3.90M 11,246,368
2020-09-22 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 779 49.72 38.7K 1,011,373
2020-09-21 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 6,950 10.29 71.5K 372,575
2020-09-08 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 185 45.88 8.5K 10,982,957
2020-09-04 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 9,101 47.50 432.3K 10,982,772
2020-09-03 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 2,359 46.97 110.8K 10,793,451
2020-08-21 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 3,386 47.74 161.7K 980,106
2020-08-20 EHRLICH JASON Officer S-Sale D Common Stock 4,359 47.53 207.2K 33,984
2020-08-20 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 283 46.30 13.1K 972,555
2020-08-19 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 3,585 46.99 168.4K 10,606,135
2020-07-20 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 6,950 10.29 71.5K 386,475
2020-07-02 EHRLICH JASON Officer M-Exempt A Stock Option (Right to Buy) 2,700 10.29 27.8K 393,425
2020-06-30 Yang Taiyin Director A-Award A Stock Option (Right to Buy) 5,417 54.12 293.2K 5,417
2020-06-30 PROFUSEK ROBERT Director A-Award A Stock Option (Right to Buy) 7,106 54.12 384.6K 7,106
2020-06-30 PERLROTH VICTOR Director / Officer / 10% Owner A-Award A Stock Option (Right to Buy) 247,498 54.12 13.39M 247,498
2020-06-30 Levy Richard S Director A-Award A Stock Option (Right to Buy) 7,106 54.12 384.6K 7,106
2020-06-30 EHRLICH JASON Officer A-Award A Stock Option (Right to Buy) 46,163 54.12 2.50M 46,163
2020-06-30 Dahiyat Bassil I Director A-Award A Stock Option (Right to Buy) 7,106 54.12 384.6K 7,106
2020-06-30 Bancroft Charles A Director A-Award A Stock Option (Right to Buy) 2,104 54.12 113.9K 2,104
2020-06-30 BORGESON JOHN A. Officer A-Award A Stock Option (Right to Buy) 46,163 54.12 2.50M 46,163
2020-06-30 BAKER BROS. ADVISORS LP Director / 10% Owner A-Award A Non-Qualified Stock Options (right to buy) 7,106 54.12 384.6K 7,106
2020-06-22 EHRLICH JASON Officer S-Sale D Common Stock 1,684 60.33 101.6K 33,758
2020-06-08 PROFUSEK ROBERT Director A-Award A Stock Option (Right to Buy) 4,135 62.50 258.4K 4,135
2020-06-08 Levy Richard S Director A-Award A Stock Option (Right to Buy) 4,135 62.50 258.4K 4,135
2020-06-08 Dahiyat Bassil I Director A-Award A Stock Option (Right to Buy) 4,135 62.50 258.4K 4,135
2020-06-08 BAKER BROS. ADVISORS LP Director / 10% Owner A-Award A Non-Qualified Stock Options (right to buy) 4,135 62.50 258.4K 4,135
2020-05-20 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 6,950 10.29 71.5K 403,075
2020-04-20 EHRLICH JASON Officer S-Sale D Common Stock 551 53.34 29.4K 36,044
2020-04-09 EHRLICH JASON Officer M-Exempt A Common Stock 15,000 0.00 37,542
2020-04-02 Liang Hong Officer S-Sale D Common Stock 4,000 42.34 169.4K 130,166
2020-04-02 Bancroft Charles A Director D Common Stock 0 0.00 25,948
2020-03-26 Liang Hong Officer S-Sale D Common Stock 2,545 47.28 120.3K 135,621
2020-03-20 Levy Richard S Director P-Purchase A Common Stock 250 43.37 10.8K 250
2020-03-20 EHRLICH JASON Officer S-Sale D Common Stock 1,458 43.59 63.5K 27,801
2020-03-19 Liang Hong Officer S-Sale D Common Stock 1,954 38.89 76.0K 140,212
2020-03-18 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 1,542 36.69 56.6K 970,597
2020-03-17 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 9,172 38.99 357.6K 10,570,083
2020-03-16 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 95,934 39.97 3.83M 10,560,911
2020-02-26 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 811 59.61 48.3K 952,101
2020-02-25 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 14,631 59.99 877.6K 10,373,248
2020-02-24 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 1,921 56.69 108.9K 931,888
2019-12-30 PERLROTH VICTOR Director / Officer / 10% Owner A-Award A Stock Option (Right to Buy) 241,500 73.51 17.75M 241,500
2019-12-30 Liang Hong Officer A-Award A Stock Option (Right to Buy) 50,000 73.51 3.68M 50,000
2019-12-30 EHRLICH JASON Officer A-Award A Stock Option (Right to Buy) 93,000 73.51 6.84M 93,000
2019-12-30 BORGESON JOHN A. Officer A-Award A Stock Option (Right to Buy) 67,500 73.51 4.96M 67,500
2019-12-23 EHRLICH JASON Officer M-Exempt D Stock Option (Right to Buy) 1,075 10.29 11.1K 423,925
2019-12-18 EHRLICH JASON Officer M-Exempt A Common Stock 30,000 0.00 30,000
2019-12-17 Yang Taiyin Director A-Award A Stock Option (Right to Buy) 8,855 71.20 630.5K 8,855
2019-12-06 BAKER BROS. ADVISORS LP Director / 10% Owner P-Purchase A Common Stock 1,743,993 46.00 80.22M 10,118,929
2019-12-02 Liang Hong Officer M-Exempt A Common Stock 12,916 1.06 13.7K 142,166
2019-09-19 BAKER BROS. ADVISORS LP Director / 10% Owner X-InTheMoney A Common Stock 1 0.01 0.01 8,374,936
2019-07-16 PERLROTH VICTOR Director / Officer / 10% Owner A-Award A Stock Option (Right to Buy) 241,500 14.23 3.44M 241,500
2019-07-16 Liang Hong Officer A-Award A Stock Option (Right to Buy) 40,000 14.23 569.2K 40,000
2019-07-16 EHRLICH JASON Officer A-Award A Stock Option (Right to Buy) 93,000 14.23 1.32M 93,000
2019-07-16 BORGESON JOHN A. Officer A-Award A Stock Option (Right to Buy) 67,500 14.23 960.5K 67,500
2019-06-03 PROFUSEK ROBERT Director A-Award A Stock Option (Right to Buy) 24,747 10.13 250.7K 24,747
2019-06-03 Levy Richard S Director A-Award A Stock Option (Right to Buy) 24,747 10.13 250.7K 24,747
2019-06-03 Dahiyat Bassil I Director A-Award A Stock Option (Right to Buy) 24,747 10.13 250.7K 24,747

Executive team

Top executives
Shares Outstanding
52.93M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Victor Perlroth, M.D Chief Executive Officer 792.5K 923.0K 772.8K 10.9K 2.50M 36.93%
2 2025 John A. Borgeson Executive Vice President, Chief 553.0K 678.7K 373.3K 10.9K 1.62M 42.00%
3 2024 Victor Perlroth, M.D Chief Executive Officer and Chairman of the Board 756.6K 679.6K 541.0K 10.8K 1.99M 34.18%
4 2024 Victor Perlroth, M.D Chief Executive Officer 756.6K 679.6K 541.0K 10.8K 1.99M 34.18%
5 2024 John A. Borgeson Executive Vice President, Chief 525.0K 559.9K 259.9K 10.8K 1.36M 41.30%
6 2024 John A. Borgeson Executive Vice President, Chief Financial Officer and Secretary 525.0K 559.9K 259.9K 10.8K 1.36M 41.30%
7 2023 Victor Perlroth, M.D Chief Executive Officer and Chairman of the Board 720.6K 1.55M 445.0K 10.8K 2.73M 56.83%
8 2023 John A. Borgeson Executive Vice President, Chief Financial Officer and Secretary 497.1K 959.2K 212.6K 10.8K 1.68M 57.11%
9 2023 Jason Ehrlich, M.D., Ph.D. Former Chief Medical Officer and Chief Development Officer 332.9K 959.2K 107.8K 1.40M 68.52%
10 2022 Victor Perlroth, M.D Chief Executive Officer and Chairman of the Board 691.0K 1.92M 381.8K 10.8K 3.00M 63.87%
11 2022 Jason Ehrlich, M.D., Ph.D. Chief Medical Officer and Chief Development Officer 496.5K 840.0K 189.9K 99.4K 1.63M 51.67%
12 2022 Jason Ehrlich, M.D., Ph.D. Former Chief Medical Officer and Chief Development Officer 496.5K 840.0K 189.9K 99.4K 1.63M 51.67%
13 2022 John A. Borgeson Executive Vice President and Chief Financial Officer 475.0K 840.0K 181.7K 10.8K 1.51M 55.72%
14 2022 John A. Borgeson Executive Vice President, Chief Financial Officer and Secretary 475.0K 840.0K 181.7K 10.8K 1.51M 55.72%
15 2021 Victor Perlroth, M.D Chief Executive Officer and Chairman of the Board 655.0K 112.19M 512.8K 10.3K 113.37M 98.96%
16 2021 Jason Ehrlich, M.D., Ph.D. Chief Medical Officer and Chief Development Officer 479.0K 1.32M 25.84M 254.9K 45.3K 27.95M 97.21%
17 2021 John A. Borgeson Senior Vice President and Chief Financial Officer 453.0K 1.32M 25.84M 241.2K 10.3K 27.87M 97.47%
18 2021 John A. Borgeson Executive Vice President and Chief Financial Officer 453.0K 1.32M 25.84M 241.2K 10.3K 27.87M 97.47%
19 2020 Victor Perlroth, M.D Chief Executive Officer and Chairman of the Board 590.5K 7.83M 511.1K 10.6K 8.94M 87.56%
20 2020 Jason Ehrlich, M.D., Ph.D. Chief Medical Officer and Chief Development Officer 462.2K 783.4K 1.46M 277.3K 72.7K 3.06M 73.42%
21 2020 John A. Borgeson Senior Vice President and Chief Financial Officer 425.5K 783.4K 1.46M 255.4K 11.8K 2.94M 76.41%
22 2019 Victor Perlroth, M.D. Chief Executive Officer and Chairman of the Board 525.7K 16.71M 392.6K 9.5K 17.64M 94.74%
23 2019 Victor Perlroth, M.D Chief Executive Officer and Chairman of the Board 525.7K 16.71M 392.6K 9.5K 17.64M 94.74%
24 2019 Jason Ehrlich, M.D., Ph.D. Chief Medical Officer and Chief Development Officer 447.7K 852.7K 6.09M 250.7K 79.0K 7.72M 89.92%
25 2019 John A. Borgeson Senior Vice President and Chief Financial Officer 401.5K 889.5K 4.70M 224.9K 9.5K 6.22M 89.78%
26 2018 Victor Perlroth, M.D Chief Executive Officer and Chairman of the Board 427.5K 300.0K 5.17M 5.90M 87.66%
27 2018 Victor Perlroth, M.D. Chief Executive Officer and Chairman of the Board 427.5K 300.0K 5.17M 5.90M 87.66%
28 2018 Victor Perlroth, M.D. Chief Executive Officer, President and Chairman of the Board 427.5K 300.0K 5.17M 5.90M 87.66%
29 2018 Jason Ehrlich, M.D., Ph.D. Chief Medical Officer and Chief Development Officer 146.7K 290.0K 594.0K 2.70M 18.3K 3.75M 87.85%
30 2018 John A. Borgeson Senior Vice President, Chief Financial Officer and Secretary 327.2K 180.0K 1.61M 2.11M 75.99%
31 2018 John A. Borgeson Senior Vice President and Chief Financial Officer 327.2K 180.0K 1.61M 2.11M 75.99%
32 2017 Victor Perlroth, M.D. Chief Executive Officer, President and Chairman of the Board 387.0K 294.8K 141.3K 823.1K 0.00%
33 2017 John A. Borgeson Senior Vice President, Chief Financial Officer and Secretary 297.3K 168.3K 465.6K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-22 DEFA14A
2026-04-22 DEF 14A
2025-04-22 DEFA14A
2025-04-22 DEF 14A
2024-04-23 DEFA14A
2024-04-23 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-07 8-K
2026-05-07 10-Q
2026-04-27 SC 13G
2026-04-23 ARS
2026-04-22 DEFA14A
2026-04-22 DEF 14A
2026-04-16 4
2026-04-02 SC 13G
2026-04-02 4
2026-04-02 144

Executive team

NameTitleCompensationGender
Victor Perlroth Co-Founder, Chairman, Chief Executive Officer & President 2M
John A. Borgeson Executive Vice President, Chief Financial Officer & Secretary 937.2K male
Hong Liang Senior Vice President of Development 300.7K
Laurent Ducay Senior Vice President of Biologics Development & Manufacturing
Laurent Ducry Senior Vice President of Biologics Development & Manufacturing
Stephen Raillard Senior Vice President of Chemical Development & Manufacturing
Almas Qudrat Chief Quality Officer female
Wayne To Chief Technology Officer male
Dolly S. Chang Chief Scientific Officer
J. Pablo Velazquez-Martin Chief Medical Officer
ESG Rating
B
BIOTECHNOLOGY
2026
E (Environmental)
58.8 / 56.3
Company / Sector avg.
S (Social)
61.2 / 62.4
Company / Sector avg.
G (Governance)
62.7 / 60.9
Company / Sector avg.
ESG Total
60.9 / 59.9
Company / Sector avg.
ESG Score History BIOTECHNOLOGY
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity
Transaction Date Disclosed Representative District Owner Type Amount Link
2022-11-08 2022-12-12 Christopher L. Jacobs NY27 Sale (Full) $1,001 - $15,000
2022-07-18 2022-09-09 Christopher L. Jacobs NY27 Purchase $1,001 - $15,000
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits