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Kyverna Therapeutics, Inc. (KYTX)

USD7.82 -0.12 (-1.51%)
US NASDAQ Healthcare Biotechnology
Address 5980 Horton Street 94608
Emeryville, CA, US
CEO Warner Biddle
IPO 2024-02-09
CIK 1994702 ISIN US5019761049

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Description

Kyverna Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on developing cell therapies for patients with autoimmune diseases. Its lead product candidate is KYV-101, an autologous CD19 CAR T-cell product candidate for the treatment of stiff person syndrome, myasthenia gravis, and lupus nephritis, as well as multiple sclerosis and systemic sclerosis. The company is also developing KYV-102, an autologous CD19 CAR T-cell product candidate with whole blood rapid manufacturing; and KYV-201, an allogeneic CD19 CAR T-cell product candidate. It has a license and collaboration agreement with Intellia Therapeutics, Inc. to research and develop an allogeneic CD19-directed CAR cell therapy product. The company was formerly known as BAIT Therapeutics, Inc. and changed its name to Kyverna Therapeutics, Inc. in October 2019. Kyverna Therapeutics, Inc. was incorporated in 2018 and is headquartered in Emeryville, California.

News Sentiment (7d)
50 Neutral

Based on only 2 articles — low confidence

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
USD7.82 -0.12 (-1.51%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
1.96
Float Shares
19.83M
Free Float %
45.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.06% +9.41% +7.80% +40.91% +57.87% +8.83% +340.95% -65.90% -65.90% -65.90% -65.90%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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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 (4 ratings, all time) Buy
Price Targets & DCF
Current price
7.82
Low 32.00 +309.2%
Consensus 32.67 +317.8%
Median 33.00 +322.0%
High 33.00 +322.0%
DCF (Unlevered) 2.04 -73.9%
DCF (Levered) 2.15 -72.5%

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) 100% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 4 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year 6
25.50
+226.1%
All Time 6
25.50
+226.1%
Quality scores
Altman Z-Score
0.79
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
  • EPS growth Biotechnology: +29.7%
    -9.3% Q1'26: +35.9% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
  • EBIT margin Biotechnology: +0.0%
  • ROIC Biotechnology: -16.1%
    Q1'26: +0.0% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    +15.5% Q1'26: +39.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    -0.17× Q1'26: -0.05× (vs Q1'25)
Valuation Multiples From To
DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (2.06) × ERP
WACC = 94% × Ke + 6% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.04 Current price: 7.82
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 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
5 EPS Ana.
Dec 2027
4 Rev. Ana.
5 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: 3.75M (-100.0%)
est: 6.67M (-100.0%)
12.50M
3.03M – 26.49M
+87.5% YoY
16.15M
3.92M – 34.23M
+29.2% YoY
53.17M
53.17M – 53.17M
+229.2% YoY
174.55M
42.33M – 369.87M
+228.3% YoY
523.75M
127.02M – 1.11B
+200.1% YoY
EBITDA
-125.20M
est: 750.0K (-16,793.6%)
-167.38M
est: 1.33M (-12,653.5%)
2.50M
606.3K – 5.30M
+87.5% YoY
3.23M
783.5K – 6.85M
+29.2% YoY
10.63M
10.63M – 10.63M
+229.2% YoY
34.91M
8.47M – 73.97M
+228.3% YoY
104.75M
25.40M – 221.97M
+200.1% YoY
EBIT
-127.34M
est: 750.0K (-17,078.0%)
-169.18M
est: 1.33M (-12,788.4%)
2.50M
606.3K – 5.30M
+87.5% YoY
3.23M
783.5K – 6.85M
+29.2% YoY
10.63M
10.63M – 10.63M
+229.2% YoY
34.91M
8.47M – 73.97M
+228.3% YoY
104.75M
25.40M – 221.97M
+200.1% YoY
Net Income
-127.48M
est: -145.42M (+12.3%)
-161.31M
est: -161.31M (+0.0%)
-134.08M
-157.24M – -110.92M
+16.9% YoY
-135.35M
-158.86M – -111.84M
-0.9% YoY
-105.59M
-121.12M – -90.06M
+22.0% YoY
-159.34M
-391.12M – -2.44M
-50.9% YoY
-47.36M
-116.25M – -723.9K
+70.3% YoY
SGA
30.13M
est: 3.92M (+668.6%)
36.11M
est: 6.97M (+418.1%)
13.07M
3.17M – 27.69M
+87.5% YoY
16.89M
4.10M – 35.78M
+29.2% YoY
55.59M
55.59M – 55.59M
+229.2% YoY
182.48M
44.26M – 386.67M
+228.3% YoY
547.54M
132.79M – 1.16B
+200.1% YoY
EPS
-3.33
est: -3.30 (-1.0%)
-3.64
est: -3.69 (+1.5%)
-3.05
-3.55 – -2.51
+17.3% YoY
-2.98
-3.59 – -2.53
+2.5% YoY
-2.44
-2.74 – -2.03
+18.1% YoY
-3.60
-8.84 – -0.06
-47.6% YoY
-1.07
-2.63 – -0.02
+70.3% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-04-23 HC Wainwright & Co. Buy Buy Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-08 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-07 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-05 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-04 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-01 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-30 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-29 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-28 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-27 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-24 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-23 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-22 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-21 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-20 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-17 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5
2026-04-16 C 2/5 3/5 1/5 1/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-153.71M
OE per share TTM
-3.49
Owner's Yield
-31.52%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
370.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
20
Total invested
27.40M
Insider transactions (90d)
1
Beneficial owners (>5%)
20
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 VV Manager LLC 4.78M 11.10% 4.78M 4.78M OO Delaware 2024-05-03
2 Vida Ventures, LLC 4.78M 11.10% 4.78M 4.78M OO Nevada 2024-05-03
3 Dr. Beth C. Seidenberg (“Seidenberg”) 4.52M 10.50% 4.52M IN Delaware 2024-11-12
4 Dr. Sean E. Harper (“Harper”) 4.52M 10.50% 4.52M IN Delaware 2024-11-12
5 Fred Cohen 4.52M 10.50% 4.52M 4.52M IN United States of America 2024-05-03
6 Gilead Sciences, Inc. 4.13M 9.60% 4.13M 4.13M CO Delaware 2024-02-20
7 Westlake BioPartners Fund I, L.P. (“Westlake Fund I”) 3.79M 8.80% 3.79M 3.79M PN Delaware 2024-11-12
8 Westlake BioPartners GP I, LLC (“Westlake GP I”) 3.79M 8.80% 3.79M 3.79M OO Delaware 2024-11-12
9 Michael P. Rubin 3.26M 7.60% 3.26M IN Delaware 2024-02-22
10 Bain Capital Life Sciences Opportunities III, LP 3.16M 7.40% 3.16M 3.16M PN Delaware 2024-02-14
11 Northpond Ventures III GP, LLC 2.81M 6.50% 2.81M OO Delaware 2024-02-22
12 Northpond Ventures III, LP 2.81M 6.50% 2.81M PN Delaware 2024-02-22
13 JPMORGAN CHASE & CO.13-2624428 2.38M 5.50% 2.04M 2.38M HC Delaware 2024-10-10
14 Westlake BioPartners Opportunity Fund I, L.P. (“Westlake Opportunity Fund I”) 736.0K 1.70% 736.0K 736.0K PN Delaware 2024-11-12
15 Westlake BioPartners Opportunity GP I, LLC (“Westlake Opportunity GP I”) 736.0K 1.70% 736.0K 736.0K OO Delaware 2024-11-12
16 Northpond Ventures GP, LLC 450.0K 1.00% 450.0K OO Delaware 2024-02-22
17 Northpond Ventures, LP 450.0K 1.00% 450.0K PN Delaware 2024-02-22
18 Vida Ventures GP III, L.L.C. 253.1K 0.60% 253.1K 253.1K OO Delaware 2024-05-03
19 Vida Ventures III, L.P. 252.6K 0.60% 252.6K 252.6K PN Delaware 2024-05-03
20 Vida Ventures III-A, L.P. 583.00 0.00% 583.00 583.00 PN Delaware 2024-05-03

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
20
-86 vs prev Q
New positions
5
Closed positions
85
Increased
12
Reduced
4
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 4.39M +4.4M (+100.0%) 41.28B +41.3B (+100.0%) 10.12% +10.116 pp 29.60% +29.595 pp USD9.40 +0.0% 1 qtrs NEW
2 NANO CAP NEW MILLENNIUM GROWTH FUND L P 53.5K +53.5K (+100.0%) 502.90M +502.9M (+100.0%) 0.12% +0.123 pp 0.43% +0.429 pp USD9.40 +0.0% 1 qtrs NEW
3 GILEAD SCIENCES, INC. 4.13M +— (+0.0%) 38.79M +14.0M (+56.7%) 9.50% -0.042 pp 2.00% +0.622 pp USD3.74 +151.3% 5 qtrs
4 BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC 3.11M -258.4K (-7.7%) 29.23M +9.0M (+44.6%) 7.16% -0.629 pp 2.24% +0.898 pp USD21.63 -56.5% 8 qtrs
5 DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) 2.00M +2.0M (+100.0%) 18.80M +18.8M (+100.0%) 4.61% +4.607 pp 0.24% +0.240 pp USD9.40 +0.0% 1 qtrs NEW
6 VANGUARD GROUP INC 1.78M +458.6K (+34.7%) 16.74M +8.8M (+111.0%) 4.10% +1.043 pp 0.00% +0.000 pp USD9.62 -2.3% 8 qtrs
7 PRICE T ROWE ASSOCIATES INC /MD/ 1.76M +250.4K (+16.6%) 16.57M +7.5M (+82.6%) 4.06% +0.562 pp 0.00% +0.001 pp USD9.25 +1.6% 8 qtrs
8 ADAGE CAPITAL PARTNERS GP, L.L.C. 1.67M +1.7M (+100.0%) 15.67M +15.7M (+100.0%) 3.84% +3.839 pp 0.02% +0.024 pp USD9.40 +0.0% 1 qtrs NEW
9 AIGH CAPITAL MANAGEMENT LLC 1.50M +1.5M (+100.0%) 14.10M +14.1M (+100.0%) 3.46% +3.455 pp 3.41% +3.413 pp USD9.40 +0.0% 1 qtrs NEW
10 MORGAN STANLEY 1.00M +828.3K (+475.5%) 9.42M +8.4M (+801.6%) 2.31% +1.906 pp 0.00% +0.001 pp USD9.00 +4.4% 8 qtrs
11 INSIGHT HOLDINGS GROUP, LLC 989.1K +— (+0.0%) 9.30M +3.4M (+56.7%) 2.28% -0.010 pp 0.70% +0.329 pp USD20.93 -55.1% 8 qtrs
12 BALYASNY ASSET MANAGEMENT L.P. 980.9K +980.9K (+100.0%) 9.22M +9.2M (+100.0%) 2.26% +2.259 pp 0.01% +0.012 pp USD9.40 +0.0% 1 qtrs NEW
13 WOODLINE PARTNERS LP 845.1K +592.9K (+235.1%) 7.94M +6.4M (+425.0%) 1.95% +1.363 pp 0.03% +0.024 pp USD8.39 +12.0% 2 qtrs
14 PROPEL BIO MANAGEMENT, LLC 666.7K +666.7K (+100.0%) 6.27M +6.3M (+100.0%) 1.54% +1.536 pp 5.35% +5.350 pp USD9.40 +0.0% 1 qtrs NEW
15 MBB PUBLIC MARKETS I LLC 614.5K +— (+0.0%) 5.78M +2.1M (+56.7%) 1.42% -0.006 pp 0.60% +0.113 pp USD6.84 +37.4% 7 qtrs
16 ALYESKA INVESTMENT GROUP, L.P. 600.0K +600.0K (+100.0%) 5.64M +5.6M (+100.0%) 1.38% +1.382 pp 0.02% +0.016 pp USD9.40 +0.0% 1 qtrs NEW
17 MILLENNIUM MANAGEMENT LLC 593.4K +41.7K (+7.6%) 5.58M +2.3M (+68.5%) 1.37% +0.091 pp 0.00% +0.001 pp USD8.87 +6.0% 8 qtrs
18 BLACKROCK, INC. 544.5K +62.5K (+13.0%) 5.12M +2.2M (+77.0%) 1.25% +0.139 pp 0.00% +0.000 pp USD5.31 +77.0% 6 qtrs
19 D. E. SHAW & CO., INC. 518.5K +518.5K (+100.0%) 4.87M +4.9M (+100.0%) 1.19% +1.194 pp 0.00% +0.003 pp USD9.40 +0.0% 1 qtrs NEW
20 RFG ADVISORY, LLC 445.2K +445.2K (+100.0%) 4.18M +4.2M (+100.0%) 1.03% +1.025 pp 0.08% +0.079 pp USD9.40 +0.0% 1 qtrs NEW
21 CITADEL ADVISORS LLC 275.4K +257.8K (+1,459.2%) 2.59M +2.5M (+2,342.7%) 0.63% +0.594 pp 0.00% +0.000 pp USD9.11 +3.2% 8 qtrs
22 HEIGHTS CAPITAL MANAGEMENT, INC 271.8K +271.8K (+100.0%) 2.56M +2.6M (+100.0%) 0.63% +0.626 pp 0.92% +0.916 pp USD9.40 +0.0% 1 qtrs NEW
23 GEODE CAPITAL MANAGEMENT, LLC 266.4K -11.9K (-4.3%) 2.51M +835.4K (+50.0%) 0.61% -0.030 pp 0.00% +0.000 pp USD10.99 -14.5% 8 qtrs
24 BNP PARIBAS ARBITRAGE, SNC 252.2K +218.1K (+641.1%) 2.37M +2.2M (+1,061.1%) 0.58% +0.502 pp 0.00% +0.001 pp USD8.91 +5.5% 7 qtrs
25 SUSQUEHANNA INTERNATIONAL GROUP, LLP 238.8K +36.1K (+17.8%) 2.24M +1.0M (+84.6%) 0.55% +0.081 pp 0.00% +0.000 pp USD5.56 +69.1% 5 qtrs
26 TD ASSET MANAGEMENT INC 222.8K +58.0K (+35.2%) 2.09M +1.1M (+111.8%) 0.51% +0.132 pp 0.00% +0.001 pp USD5.97 +57.5% 7 qtrs
27 TWO SIGMA INVESTMENTS, LP 205.3K +72.8K (+55.0%) 1.93M +1.1M (+142.8%) 0.47% +0.166 pp 0.00% +0.002 pp USD8.27 +13.7% 8 qtrs
28 UBS GROUP AG 202.2K +44.8K (+28.4%) 1.90M +956.0K (+101.2%) 0.47% +0.102 pp 0.00% +0.000 pp USD6.02 +56.1% 8 qtrs
29 BURKEHILL GLOBAL MANAGEMENT, LP 200.0K +200.0K (+100.0%) 1.88M +1.9M (+100.0%) 0.46% +0.461 pp 0.12% +0.124 pp USD9.40 +0.0% 1 qtrs NEW
30 MONASHEE INVESTMENT MANAGEMENT LLC 195.0K +195.0K (+100.0%) 1.83M +1.8M (+100.0%) 0.45% +0.449 pp 1.03% +1.033 pp USD9.40 +0.0% 1 qtrs NEW
31 SIMPLIFY ASSET MANAGEMENT INC. 192.3K +192.3K (+100.0%) 1.81M +1.8M (+100.0%) 0.44% +0.443 pp 0.03% +0.030 pp USD9.40 +0.0% 1 qtrs NEW
32 PEAPOD LANE CAPITAL LLC 183.8K -134.9K (-42.3%) 1.73M -184.3K (-9.6%) 0.42% -0.314 pp 1.47% -0.240 pp USD1.93 +387.0% 4 qtrs
33 JANE STREET GROUP, LLC 182.1K -16.8K (-8.4%) 1.71M +518.6K (+43.5%) 0.42% -0.041 pp 0.00% +0.000 pp USD4.71 +99.6% 3 qtrs
34 RENAISSANCE TECHNOLOGIES LLC 177.9K +13.3K (+8.1%) 1.67M +684.6K (+69.3%) 0.41% +0.029 pp 0.00% +0.001 pp USD3.90 +141.0% 5 qtrs
35 BRIDGEWAY CAPITAL MANAGEMENT, LLC 174.9K +— (+0.0%) 1.64M +594.7K (+56.7%) 0.40% -0.002 pp 0.03% +0.012 pp USD4.92 +91.1% 5 qtrs
36 BARCLAYS PLC 164.7K +94.5K (+134.7%) 1.55M +1.2M (+351.1%) 0.38% +0.217 pp 0.00% +0.000 pp USD10.28 -8.6% 8 qtrs
37 MAVEN SECURITIES LTD 146.4K +146.4K (+100.0%) 1.38M +1.4M (+100.0%) 0.34% +0.337 pp 0.03% +0.030 pp USD9.40 +0.0% 1 qtrs NEW
38 SQUAREPOINT OPS LLC 138.9K +138.9K (+100.0%) 1.31M +1.3M (+100.0%) 0.32% +0.320 pp 0.00% +0.001 pp USD9.40 +0.0% 5 qtrs
39 MARSHALL WACE, LLP 135.6K +135.6K (+100.0%) 1.27M +1.3M (+100.0%) 0.31% +0.312 pp 0.00% +0.001 pp USD9.40 +0.0% 8 qtrs
40 MANUFACTURERS LIFE INSURANCE COMPANY, THE 134.5K +30.7K (+29.6%) 1.26M +635.0K (+102.0%) 0.31% +0.070 pp 0.00% +0.001 pp USD8.41 +11.8% 8 qtrs
41 GOLDMAN SACHS GROUP INC 133.5K +90.4K (+209.6%) 1.26M +996.4K (+385.0%) 0.31% +0.208 pp 0.00% +0.000 pp USD8.12 +15.8% 7 qtrs
42 STIFEL FINANCIAL CORP 125.8K +87.0K (+224.0%) 1.18M +949.5K (+407.6%) 0.29% +0.200 pp 0.00% +0.001 pp USD7.65 +22.9% 5 qtrs
43 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 125.4K -152.0 (-0.1%) 1.18M +425.5K (+56.5%) 0.29% -0.002 pp 0.00% +0.000 pp USD13.91 -32.4% 8 qtrs
44 683 CAPITAL MANAGEMENT, LLC 114.9K +114.9K (+100.0%) 1.08M +1.1M (+100.0%) 0.26% +0.265 pp 0.05% +0.047 pp USD9.40 +0.0% 1 qtrs NEW
45 KERA CAPITAL PARTNERS, INC. 132.6K -289.3K (-68.6%) 1.06M -1.5M (-58.0%) 0.31% -0.671 pp 0.13% -0.249 pp USD3.67 +156.1% 5 qtrs
46 JACOBS LEVY EQUITY MANAGEMENT, INC 108.5K -39.2K (-26.5%) 1.02M +133.9K (+15.1%) 0.25% -0.092 pp 0.00% +0.000 pp USD6.00 +56.7% 2 qtrs
47 STATE STREET CORP 91.3K +— (+0.0%) 858.2K +310.4K (+56.7%) 0.21% -0.001 pp 0.00% +0.000 pp USD9.11 +3.2% 8 qtrs
48 HUDSON BAY CAPITAL MANAGEMENT LP 88.6K +88.6K (+100.0%) 832.4K +832.4K (+100.0%) 0.20% +0.204 pp 0.00% +0.003 pp USD9.40 +0.0% 1 qtrs NEW
49 JUMP FINANCIAL, LLC 80.3K +80.3K (+100.0%) 754.8K +754.8K (+100.0%) 0.19% +0.185 pp 0.01% +0.009 pp USD9.40 +0.0% 1 qtrs NEW
50 DIMENSIONAL FUND ADVISORS LP 78.4K +78.4K (+100.0%) 737.1K +737.1K (+100.0%) 0.18% +0.181 pp 0.00% +0.000 pp USD9.40 +0.0% 1 qtrs NEW
51 WELLS FARGO & COMPANY/MN 74.9K +56.7K (+310.0%) 704.5K +594.8K (+542.3%) 0.17% +0.130 pp 0.00% +0.000 pp USD8.64 +8.8% 8 qtrs
52 VOYA INVESTMENT MANAGEMENT LLC 68.1K +68.1K (+100.0%) 640.5K +640.5K (+100.0%) 0.16% +0.157 pp 0.00% +0.001 pp USD9.40 +0.0% 1 qtrs NEW
53 QUBE RESEARCH & TECHNOLOGIES LTD 63.6K +26.9K (+73.4%) 598.0K +377.8K (+171.6%) 0.15% +0.062 pp 0.00% +0.000 pp USD6.79 +38.4% 3 qtrs
54 ADAR1 CAPITAL MANAGEMENT, LLC 57.4K +57.4K (+100.0%) 539.8K +539.8K (+100.0%) 0.13% +0.132 pp 0.04% +0.040 pp USD9.40 +0.0% 1 qtrs NEW
55 QUADRATURE CAPITAL LTD 57.4K +57.4K (+100.0%) 539.3K +539.3K (+100.0%) 0.13% +0.132 pp 0.01% +0.006 pp USD9.40 +0.0% 4 qtrs
56 NORTHERN TRUST CORP 51.6K -106.0 (-0.2%) 484.8K +174.7K (+56.3%) 0.12% -0.001 pp 0.00% +0.000 pp USD7.30 +28.8% 8 qtrs
57 TWO SIGMA ADVISERS, LP 49.4K -31.9K (-39.2%) 464.4K -23.4K (-4.8%) 0.11% -0.074 pp 0.00% 0.000 pp USD3.84 +144.8% 6 qtrs
58 AMERICAN CENTURY COMPANIES INC 46.4K +14.2K (+44.0%) 435.9K +242.6K (+125.6%) 0.11% +0.032 pp 0.00% +0.000 pp USD7.04 +33.5% 2 qtrs
59 OMERS ADMINISTRATION CORP 34.8K +34.8K (+100.0%) 327.1K +327.1K (+100.0%) 0.08% +0.080 pp 0.00% +0.002 pp USD9.40 +0.0% 1 qtrs NEW
60 POINT72 ASSET MANAGEMENT, L.P. 32.2K +5.0K (+18.4%) 302.5K +139.5K (+85.5%) 0.07% +0.011 pp 0.00% +0.000 pp USD4.05 +132.1% 3 qtrs
61 JEFFERIES FINANCIAL GROUP INC. 32.0K +15.7K (+96.3%) 300.8K +203.0K (+207.6%) 0.07% +0.036 pp 0.00% +0.001 pp USD7.67 +22.6% 2 qtrs
62 SCHONFELD STRATEGIC ADVISORS LLC 28.9K +28.9K (+100.0%) 271.4K +271.4K (+100.0%) 0.07% +0.067 pp 0.00% +0.001 pp USD9.40 +0.0% 1 qtrs NEW
63 BANK OF AMERICA CORP /DE/ 28.7K -36.3K (-55.8%) 269.9K -119.9K (-30.8%) 0.07% -0.084 pp 0.00% +0.000 pp USD6.85 +37.2% 8 qtrs
64 ACT CAPITAL MANAGEMENT, LLC 25.1K +25.1K (+100.0%) 235.9K +235.9K (+100.0%) 0.06% +0.058 pp 0.19% +0.191 pp USD9.40 +0.0% 1 qtrs NEW
65 RAYMOND JAMES FINANCIAL INC 25.1K +25.1K (+100.0%) 235.8K +235.8K (+100.0%) 0.06% +0.058 pp 0.00% +0.000 pp USD9.40 +0.0% 3 qtrs
66 XTX TOPCO LTD 23.3K -25.8K (-52.6%) 218.9K -75.8K (-25.7%) 0.05% -0.060 pp 0.01% -0.010 pp USD3.92 +139.8% 7 qtrs
67 DEKABANK DEUTSCHE GIROZENTRALE 7.5K +— (+0.0%) 197.0K +2.0K (+1.0%) 0.02% 0.000 pp 0.00% +0.000 pp USD22.52 -58.3% 8 qtrs
68 FEDERATED HERMES, INC. 20.7K +5.5K (+36.6%) 194.6K +103.7K (+114.0%) 0.05% +0.013 pp 0.00% +0.000 pp USD6.44 +46.0% 7 qtrs
69 VANGUARD PERSONALIZED INDEXING MANAGEMENT, LLC 19.0K +155.0 (+0.8%) 179.1K +65.7K (+58.0%) 0.04% +0.000 pp 0.00% +0.001 pp USD2.22 +323.4% 4 qtrs
70 CAXTON CORP 18.8K -4.2K (-18.3%) 176.5K +38.6K (+28.0%) 0.04% -0.010 pp 4.12% +3.521 pp USD17.95 -47.6% 8 qtrs
71 EMPOWERED FUNDS, LLC 17.9K +17.9K (+100.0%) 168.6K +168.6K (+100.0%) 0.04% +0.041 pp 0.00% +0.001 pp USD9.40 +0.0% 1 qtrs NEW
72 CAMBRIA INVESTMENT MANAGEMENT, L.P. 17.9K +17.9K (+100.0%) 168.6K +168.6K (+100.0%) 0.04% +0.041 pp 0.01% +0.010 pp USD9.40 +0.0% 1 qtrs NEW
73 QUEST PARTNERS LLC 16.3K +16.3K (+100.0%) 153.6K +153.6K (+100.0%) 0.04% +0.038 pp 0.01% +0.009 pp USD9.40 +0.0% 1 qtrs NEW
74 ETHIC INC. 12.6K -2.7K (-17.9%) 118.5K +26.4K (+28.7%) 0.03% -0.007 pp 0.00% +0.000 pp USD3.07 +206.2% 3 qtrs
75 PHOENIX WEALTH ADVISORS 12.3K +1.8K (+17.1%) 115.6K +52.6K (+83.5%) 0.03% +0.004 pp 0.04% +0.020 pp USD4.00 +135.0% 3 qtrs
76 CITIGROUP INC 12.3K +9.0K (+270.5%) 115.6K +95.7K (+480.5%) 0.03% +0.021 pp 0.00% +0.000 pp USD9.29 +1.2% 8 qtrs
77 ENTRYPOINT CAPITAL, LLC 10.0K +10.0K (+100.0%) 94.5K +94.5K (+100.0%) 0.02% +0.023 pp 0.04% +0.037 pp USD9.40 +0.0% 1 qtrs NEW
78 CAPITAL ADVISORS INC/OK 10.0K +— (+0.0%) 94.0K +34.0K (+56.7%) 0.02% 0.000 pp 0.00% +0.001 pp USD6.00 +56.7% 2 qtrs
79 CHINA UNIVERSAL ASSET MANAGEMENT CO., LTD. 7.1K -443.0 (-5.8%) 67.1K +21.6K (+47.5%) 0.02% -0.001 pp 0.01% +0.001 pp USD3.74 +151.3% 5 qtrs
80 FMR LLC 7.0K -942.0 (-11.9%) 65.6K +18.1K (+38.0%) 0.02% -0.002 pp 0.00% +0.000 pp USD3.32 +183.1% 6 qtrs
81 TOWER RESEARCH CAPITAL LLC (TRC) 5.1K -1.2K (-18.6%) 47.7K +10.3K (+27.6%) 0.01% -0.003 pp 0.00% +0.000 pp USD2.96 +217.6% 8 qtrs
82 JPMORGAN CHASE & CO 4.3K -2.4K (-36.0%) 40.2K +126.0 (+0.3%) 0.01% -0.006 pp 0.00% +0.000 pp USD12.61 -25.5% 8 qtrs
83 DEUTSCHE BANK AG\ 3.9K +— (+0.0%) 36.8K +13.3K (+56.7%) 0.01% +0.000 pp 0.00% +0.000 pp USD3.07 +206.2% 5 qtrs
84 ADVISOR GROUP HOLDINGS, INC. 3.2K +725.0 (+29.0%) 30.3K +15.5K (+104.1%) 0.01% +0.002 pp 0.00% +0.000 pp USD10.15 -7.4% 8 qtrs
85 ROYAL BANK OF CANADA 3.3K +1.2K (+61.5%) 30.0K +18.0K (+150.0%) 0.01% +0.003 pp 0.00% +0.000 pp USD7.37 +27.5% 7 qtrs
86 MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. 2.1K +456.0 (+27.3%) 20.0K +10.0K (+99.4%) 0.00% +0.001 pp 0.00% +0.000 pp USD4.88 +92.6% 5 qtrs
87 PNC FINANCIAL SERVICES GROUP, INC. 1.7K +— (+0.0%) 15.7K +5.7K (+56.7%) 0.00% +0.000 pp 0.00% +0.000 pp USD2.21 +325.3% 4 qtrs
88 RUSSELL INVESTMENTS GROUP, LTD. 1.3K +— (+0.0%) 12.3K +4.5K (+56.7%) 0.00% +0.000 pp 0.00% +0.000 pp USD2.36 +298.3% 5 qtrs
89 VERMILLION & WHITE WEALTH MANAGEMENT GROUP, LLC 1.1K +1.1K (+100.0%) 10.3K +10.3K (+100.0%) 0.00% +0.003 pp 0.01% +0.006 pp USD9.40 +0.0% 1 qtrs NEW
90 GF FUND MANAGEMENT CO. LTD. 860.00 -38.0 (-4.2%) 8.1K +2.7K (+50.0%) 0.00% 0.000 pp 0.00% +0.000 pp USD3.46 +171.7% 5 qtrs
91 NATIONAL BANK OF CANADA /FI/ 400.00 +400.0 (+100.0%) 3.8K +3.8K (+100.0%) 0.00% +0.001 pp 0.00% +0.000 pp USD9.40 +0.0% 1 qtrs NEW
92 NISA INVESTMENT ADVISORS, LLC 301.00 +— (+0.0%) 2.8K +1.0K (+56.6%) 0.00% +0.000 pp 0.00% +0.000 pp USD4.63 +103.0% 6 qtrs
93 TFC FINANCIAL MANAGEMENT, INC. 300.00 +300.0 (+100.0%) 2.8K +2.8K (+100.0%) 0.00% +0.001 pp 0.00% +0.000 pp USD9.40 +0.0% 1 qtrs NEW
94 FOURTH DIMENSION WEALTH, LLC 250.00 +— (+0.0%) 2.4K +850.0 (+56.7%) 0.00% +0.000 pp 0.00% +0.000 pp USD3.74 +151.3% 5 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 52 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Simplify Propel Opportunities ETF SURI 2.00% 1.55M 2.82%
2 State Street SPDR S&P Kensho New Economies Composite ETF KOMP 0.08% 2.21M 0.20%
3 iShares Micro-Cap ETF IWC 0.08% 1.18M 0.60%
4 T. Rowe Price Innovation Leaders ETF TNXT 0.04% 7.5K 0.49%
5 Invesco NASDAQ Biotech UCITS ETF SBIO.L 0.04% 164.1K 0.40%
6 Invesco Nasdaq Biotechnology ETF IBBQ 0.04% 26.5K 0.19%
7 iShares Nasdaq US Biotechnology UCITS ETF BTEC.L 0.03% 375.4K 0.35%
8 iShares Nasdaq US Biotechnology UCITS ETF BTEE.L 0.03% 25.1K 0.35%
9 Fidelity Enhanced Small Cap ETF FESM 0.03% 1.50M 0.28%
10 iShares Biotechnology ETF IBB 0.02% 2.30M 0.44%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
1
Sells
0
Shares acquired
300.0K
Shares disposed
Cash buys
Cash sales
Net activity
+300,000
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
2026-05-04 Dac Nadia Officer A-Award A Stock Option (right to buy) 300,000 9.00 2.70M 300,000 D
2026-03-13 GRASSO MARC Officer A-Award A Stock Option (right to buy) 65,000 8.95 581.8K 65,000 D
2026-03-13 GEHCHAN NAJI Officer A-Award A Stock Option (right to buy) 105,000 8.95 939.8K 105,000 D
2026-03-13 Biddle Warner Weston Director / Officer A-Award A Stock Option (right to buy) 350,000 8.95 3.13M 350,000 D
2026-02-24 Miller Andrew Craig 0 0.00 0
2026-02-24 Emany Sravan Kumar Director A-Award A Stock Option (right to buy) 42,945 7.95 341.4K 42,945 D
2026-02-09 Pujols Mayobanex 0 0.00 0
2026-01-12 Shaw Christi Director / Officer A-Award A Common Stock 24,301 0.00 70,935 D
2025-12-18 Westlake BioPartners Opportunity Fund I, L.P. 10% Owner P-Purchase A Common Stock 133,333 7.50 1,000.0K 869,317 I
2025-12-18 SEIDENBERG BETH C Director P-Purchase A Common Stock 133,333 7.50 1,000.0K 869,317 I
2025-12-15 Walker Karen Marie Officer S-Sale D Common Stock 23,998 12.20 292.8K 22,636 D
2025-06-30 GRASSO MARC Officer A-Award D Stock Option (right to buy) 450,000 3.07 1.38M 450,000 D
2025-05-29 Shaw Christi Director A-Award A Common Stock 16,634 0.00 16,634 D
2025-05-29 SPIEGELMAN DANIEL K Director A-Award A Stock Option (right to buy) 65,351 2.63 171.9K 65,351 D
2025-05-29 SEIDENBERG BETH C Director / 10% Owner A-Award A Stock Option (right to buy) 65,351 2.63 171.9K 65,351 D
2025-05-29 Cohen Fred E Director / 10% Owner A-Award A Stock Option (right to buy) 65,351 2.63 171.9K 65,351 D
2025-05-29 CLARK IAN T Director A-Award A Common Stock 16,634 0.00 16,634 D
2025-05-29 Aktar Mert Director A-Award A Stock Option (right to buy) 65,351 2.63 171.9K 65,351 D
2025-04-11 Walker Karen Marie Officer A-Award A Common Stock 13,000 0.00 22,636 D
2025-04-11 Jones Ryan Alexander Officer A-Award A Common Stock 12,000 0.00 55,950 D
2025-02-14 Shaw Christi Director A-Award A Stock Option (right to buy) 38,679 3.03 117.2K 38,679 D
2025-01-22 GEHCHAN NAJI Officer A-Award A Stock Option (right to buy) 425,000 3.29 1.40M 425,000 D
2024-10-21 Aktar Mert Director A-Award A Stock Option (right to buy) 87,741 5.20 456.3K 87,741 D
2024-09-16 Shaw Christi 0 0.00 0
2024-09-16 Biddle Warner Weston Director / Officer A-Award A Stock Option (right to buy) 2,579,259 6.89 17.77M 2,579,259
2024-04-11 Walker Karen Marie Officer A-Award A Stock Option (right to buy) 80,000 2.06 164.8K 80,000 D
2024-04-11 Jones Ryan Alexander Officer A-Award A Stock Option (right to buy) 74,000 2.06 152.4K 74,000 D
2024-04-11 Biddle Warner Weston Director / Officer A-Award A Stock Option (right to buy) 332,500 2.06 685.0K 332,500 D
2024-02-12 GILEAD SCIENCES, INC. 10% Owner P-Purchase A Common Stock 910,000 22.00 20.02M 4,126,119
2024-02-07 Maag Peter Director / Officer D Common Stock 0 0.00 58,220
2024-02-07 Kotzin Brian L. Director D Stock Option (Right to Buy) 32,959 4.83 159.2K 0
2024-02-07 GILEAD SCIENCES, INC. 10% Owner D Series A-2 Convertible Preferred Stock 1,514,083 0.00 0
2024-02-07 CLARK IAN T Director D Stock Option (Right to Buy) 38,736 4.42 171.2K 0
2024-02-07 Bain Capital Life Sciences Investors, LLC 10% Owner I Series B Convertible Preferred Stock 2,713,868 0.00 0
2022-08-28 Kotzin Brian L. Director D Stock Option (Right to Buy) 43,306 0.32 13.9K 0

Executive team

Top executives
Shares Outstanding
43.79M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Naji Gehchan, M.D. Chief Medical and Development Officer 481.7K 250.0K 1.11M 238.4K 5.0K 2.09M 53.24%
2 2025 Warner Biddle Chief Executive Officer 625.0K 543.8K 468.8K 177.4K 1.81M 29.96%
3 2025 Marc Grasso, M.D. Chief Financial Officer 257.0K 100.0K 1.10M 204.0K 2.6K 1.66M 66.13%
4 2024 Warner Biddle Chief Executive Officer 182.3K 650.0K 13.76M 375.0K 25.0K 14.99M 91.78%
5 2024 Peter Maag, Ph.D. Former Chief Executive Officer 786.5K 694.8K 1.48M 0.00%
6 2024 James Chung, M.D., Ph.D. Former Chief Medical Officer 404.6K 220.0K 624.6K 0.00%
7 2024 Karen Walker Chief Technology Officer 440.0K 151.4K 591.4K 0.00%
8 2024 Dominic Borie, M.D., Ph.D. Former President, Research and Development 440.0K 147.8K 587.8K 0.00%
9 2023 Peter Maag, Ph.D. Former Chief Executive Officer 438.9K 247.5K 1.55M 23.6K 2.26M 68.64%
10 2023 James Chung, M.D., Ph.D. Former Chief Medical Officer 402.0K 153.0K 520.5K 90.6K 1.17M 44.64%
11 2023 Karen Walker Chief Technology Officer 387.9K 150.2K 520.5K 23.6K 1.08M 48.10%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-13 DEFA14A
2026-04-13 DEF 14A
2025-04-14 DEFA14A
2025-04-14 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-06 4
2026-05-06 3
2026-05-04 8-K
2026-04-22 8-K
2026-04-22 8-K
2026-04-20 8-K
2026-04-13 DEFA14A
2026-04-13 DEF 14A
2026-04-13 ARS
2026-04-02 EFFECT

Executive team

NameTitleCompensationGender
Warner Biddle Chief Executive Officer & Director 1M male
Naji Gehchan Chief Medical & Development Officer 975.1K
Mayo Pujols Chief Technology Officer 591.4K male
Marc Grasso Chief Financial Officer 563.5K
Christi L. Shaw Executive Chairperson 144.9K female
Jessica Serra Head of Investor Relations female
Tom Van Blarcom Senior Vice President & Head of Research
Tracy Rossin Senior Vice President of Corporate Affairs & Communications and Investor Relations female
Dan Maziasz Chief Business Officer male
Cara Bauer Chief Human Resources Officer female
ESG Rating
B
BIOTECHNOLOGY
Rank: 536 out of 710
2025
E (Environmental)
55.9 / 56.3
Company / Sector avg.
S (Social)
62.6 / 62.4
Company / Sector avg.
G (Governance)
60.9 / 60.9
Company / Sector avg.
ESG Total
59.8 / 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

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits