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Moderna, Inc. (MRNA)

USD67.01 -1.26 (-1.85%)
US NASDAQ S&P 500 NASDAQ 100 Healthcare Biotechnology
Address 325 Binney Street 2142
Cambridge, MA, US
CEO Stéphane Bancel
IPO 2018-12-07
CIK 1682852 ISIN US60770K1079

Explore sections of this company profile

Also trades on Frankfurt Stock Exchange · 0QF.F (EUR) NASDAQ Global Select · MRNA (USD)
Description

Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Index membership

IndexAddedRemovedStatus
S&P 500 2021-07-20 Active
NASDAQ 100 2020-07-20 Active
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
USD67.01 -1.26 (-1.85%)
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Volume Profile
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Liquidity & share structure
Average Volume
7M
Beta
1.03
Float Shares
370.15M
Free Float %
93.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.74% +3.06% +4.53% +32.81% +99.44% +80.64% +107.28% -58.80% -65.11% +186.40% +186.40%
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
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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 (27 ratings, all time) Hold
Price Targets & DCF
Current price
67.01
Low 17.00 -74.6%
Consensus 39.00 -41.8%
Median 37.50 -44.0%
High 63.00 -6.0%
Ratings Trend (MoM) 17% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 16 -2
Sell 1 0
Strong Sell 2 0
Price Target Summary
Period # Analysts Avg Target
Last Month 4
41.25
-38.4%
Last Quarter 10
37.80
-43.6%
Last Year 24
33.58
-49.9%
All Time 82
118.37
+76.6%
Quality scores
Altman Z-Score
3.49
Safe zone
Piotroski F-Score
1 / 9
Weak
MOAT Score
0 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
    -39.2% Q1'26: +263.6% (vs Q1'25)
  • EPS growth Biotechnology: +29.7%
    +21.7% Q1'26: -34.9% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
    -130.9% Q1'26: -177.9% (vs Q1'25)
  • EBIT margin Biotechnology: +0.0%
    -142.4% Q1'26: -356.8% (vs Q1'25)
  • ROIC Biotechnology: -16.1%
    -58.1% Q1'26: -158.6% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    +1.3% Q1'26: +2.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    -0.75× Q1'26: -0.24× (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 (1.06) × ERP
WACC = 91% × Ke + 9% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 67.01
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 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
15 Rev. Ana.
15 EPS Ana.
Dec 2027
16 Rev. Ana.
15 EPS Ana.
Dec 2028
17 Rev. Ana.
15 EPS Ana.
Dec 2029
14 Rev. Ana.
10 EPS Ana.
Dec 2030
8 Rev. Ana.
6 EPS Ana.
Revenue
135.07M
est: 124.18M (+8.8%)
60.21M
est: 75.42M (-20.2%)
803.40M
est: 534.89M (+50.2%)
17.74B
est: 18.02B (-1.6%)
18.88B
est: 19.13B (-1.3%)
6.85B
est: 5.05B (+35.6%)
3.20B
est: 3.21B (-0.3%)
1.94B
est: 1.91B (+1.9%)
2.09B
1.97B – 2.13B
+9.3% YoY
2.50B
1.87B – 4.38B
+19.8% YoY
3.17B
3.15B – 3.19B
+26.8% YoY
5.11B
4.27B – 7.57B
+61.1% YoY
6.83B
5.71B – 10.12B
+33.7% YoY
EBITDA
-412.05M
est: -26.69M (-1,443.9%)
-477.08M
est: -501.30M (+4.8%)
-703.38M
est: -570.48M (-23.3%)
13.53B
est: 12.80B (+5.7%)
9.77B
est: 14.95B (-34.7%)
-3.28B
est: -1.21B (-171.1%)
-3.39B
est: -769.45M (-341.1%)
-2.55B
est: -457.62M (-457.9%)
-500.14M
-509.90M – -473.31M
-9.3% YoY
-599.41M
-1.05B – -449.56M
-19.8% YoY
-760.20M
-765.44M – -754.96M
-26.8% YoY
-1.22B
-1.82B – -1.02B
-61.1% YoY
-1.64B
-2.43B – -1.37B
-33.7% YoY
EBIT
-436.91M
est: -30.69M (-1,323.6%)
-508.10M
est: -573.40M (+11.4%)
-734.63M
est: -623.20M (-17.9%)
13.30B
est: 12.57B (+5.8%)
9.42B
est: 14.60B (-35.5%)
-3.90B
est: -1.33B (-192.5%)
-3.58B
est: -847.86M (-322.6%)
-2.77B
est: -504.26M (-448.9%)
-551.11M
-561.86M – -521.54M
-9.3% YoY
-660.50M
-1.16B – -495.37M
-19.8% YoY
-837.67M
-843.45M – -831.89M
-26.8% YoY
-1.35B
-2.00B – -1.13B
-61.1% YoY
-1.80B
-2.68B – -1.51B
-33.7% YoY
Net Income
-384.73M
est: -590.08M (+34.8%)
-514.02M
est: -540.34M (+4.9%)
-747.06M
est: -607.66M (-22.9%)
12.20B
est: 11.55B (+5.7%)
8.36B
est: 13.15B (-36.4%)
-4.71B
est: -5.87B (+19.7%)
-3.56B
est: -2.90B (-22.7%)
-2.82B
est: -3.19B (+11.6%)
-3.41B
-3.93B – -2.60B
-6.7% YoY
-1.84B
-2.43B – -33.78M
+46.1% YoY
-1.15B
-2.41B – 269.48M
+37.5% YoY
-10.26M
-16.71M – -8.08M
+99.1% YoY
1.04B
816.60M – 1.69B
+10,202.2% YoY
SGA
94.25M
est: 22.84M (+312.7%)
109.62M
est: 13.87M (+690.3%)
188.27M
est: 155.31M (+21.2%)
567.00M
est: 538.85M (+5.2%)
1.13B
est: 777.62M (+45.6%)
1.55B
est: 1.22B (+26.9%)
1.17B
est: 775.63M (+51.4%)
1.02B
est: 461.30M (+120.7%)
504.16M
477.11M – 514.00M
+9.3% YoY
604.23M
453.17M – 1.06B
+19.8% YoY
766.31M
761.02M – 771.59M
+26.8% YoY
1.23B
1.03B – 1.83B
+61.1% YoY
1.65B
1.38B – 2.45B
+33.7% YoY
EPS
-1.17
est: -1.54 (+23.9%)
-1.55
est: -1.61 (+3.7%)
-1.96
est: -1.57 (-25.0%)
30.31
est: 27.27 (+11.2%)
21.26
est: 21.26 (+0.0%)
-12.34
est: -15.36 (+19.7%)
-9.27
est: -9.05 (-2.4%)
-7.26
est: -7.84 (+7.4%)
-8.51
-10.10 – -6.69
-8.6% YoY
-4.73
-6.25 – -0.09
+44.4% YoY
-2.87
-6.19 – 0.69
+39.4% YoY
-0.03
-0.04 – -0.02
+99.1% YoY
2.67
2.10 – 4.34
+10,202.2% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-04 UBS Neutral Neutral Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-08 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-07 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-06 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-05 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-04 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-05-01 C- 1/5 1/5 1/5 1/5 2/5 1/5 3/5
2026-04-30 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-29 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-28 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-27 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-24 C 2/5 1/5 1/5 1/5 2/5 1/5 4/5
2026-04-23 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-22 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-17 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-04-15 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-1.82B
OE per share TTM
-4.67
Owner's Yield
-8.69%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
25.6%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
238
Total invested
523.38M
Insider transactions (90d)
0
Beneficial owners (>5%)
29
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Baillie Gifford & Co (Scottish partnership) 45.77M 11.00% IA SCOTLAND UK 2022-01-26
2 shares of Common Stock held by a trust for the benefit of Mr. Bancel’s family, which has an independ 31.60M 12.00% 31.60M 31.60M IN France 2020-02-13
3 7.64% (2) 31.54M 7.64% 31.54M 31.54M IN France 2022-02-14
4 9.3%(2) 31.14M 9.30% 31.14M IN Delaware 2019-02-14
5 (1) BlackRock, Inc. 27.66M 6.80% 24.97M 27.66M HC Delaware 2022-02-04
6 The Vanguard Group - 23-1945930 27.43M 6.76% 595.8K 25.98M 1.45M IA Pennsylvania For 2022-02-10
7 Ph.D. 20.01M 4.90% 2.39M 17.61M 2.39M 17.61M IN 2022-02-14
8 Fund IV General Partner LLC 17.58M 4.30% 17.58M 17.58M OO 2022-02-14
9 David C. Ott 17.10M 5.20% 17.10M IN United States 2018-12-21
10 O. Andreas Halvorsen 17.10M 5.20% 17.10M IN Norway 2018-12-21
11 Rose S. Shabet 17.10M 5.20% 17.10M IN United States 2018-12-21
12 Viking Global Investors LP 17.10M 5.20% 17.10M PN Delaware 2018-12-21
13 Fund IV, LP 14.74M 3.60% 14.74M 14.74M PN 2022-02-14
14 VentureLabs IV, LLC 11.46M 2.80% 11.46M 11.46M OO 2022-02-14
15 Viking Global Performance LLC 10.20M 3.10% 10.20M OO Delaware 2018-12-21
16 10. 9.25M 2.80% 9.25M OO Delaware 2019-02-14
17 VGE III Portfolio Ltd. 6.52M 2.00% 6.52M CO Cayman Islands 2018-12-21
18 Viking Long Fund GP LLC 4.18M 1.30% 4.18M OO Delaware 2018-12-21
19 Viking Long Fund Master Ltd. 4.18M 1.30% 4.18M CO Cayman Islands 2018-12-21
20 Viking Global Equities LP 3.48M 1.10% 3.48M PN Delaware 2018-12-21
21 IV-Rx, 2.84M 0.70% 2.84M 2.84M PN 2022-02-14
22 Viking Global Opportunities GP LLC 2.71M 0.80% 2.71M OO Delaware 2018-12-21
23 Viking Global Opportunities Portfolio GP LLC 2.71M 0.80% 2.71M OO Delaware 2018-12-21
24 Viking Global Opportunities Illiquid Investments Sub-Master LP 2.67M 0.80% 2.67M PN Cayman Islands 2018-12-21
25 Viking Global Equities II LP 204.0K 0.06% 204.0K PN Delaware 2018-12-21
26 Viking Global Opportunities Liquid Portfolio Sub-Master LP 41.6K 0.01% 41.6K PN Cayman Islands 2018-12-21
27 Pioneering, Inc. 37.0K 0.10% 37.0K 37.0K CO 2022-02-14
28 AstraZeneca PLC 0.00% CO United Kingdom 2021-02-10
29 Zeneca Inc. 0.00% CO Delaware 2021-02-10

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
238
-505 vs prev Q
New positions
48
Closed positions
498
Increased
122
Reduced
48
Put/Call ratio
6.89
Calls held
23.3K
Puts held
160.3K
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 645.0K +645.0K (+100.0%) 19.02B +19.0B (+100.0%) 0.17% +0.165 pp 8.71% +8.712 pp USD29.49 +0.0% 1 qtrs NEW
2 VANGUARD GROUP INC 41.58M +399.5K (+1.0%) 1.23B +162.5M (+15.3%) 10.61% -0.006 pp 0.02% +0.002 pp USD118.56 -75.1% 29 qtrs
3 BLACKROCK, INC. 32.51M +3.0M (+10.1%) 958.59M +195.9M (+25.7%) 8.29% +0.682 pp 0.02% +0.003 pp USD58.29 -49.4% 6 qtrs
4 FMR LLC 28.05M +15.7M (+127.9%) 827.06M +509.2M (+160.2%) 7.15% +3.983 pp 0.04% +0.026 pp USD59.86 -50.7% 29 qtrs
5 BAILLIE GIFFORD & CO 20.58M -1.3M (-5.8%) 606.92M +42.6M (+7.6%) 5.28% -0.354 pp 0.50% +0.086 pp USD121.13 -75.7% 29 qtrs
6 STATE STREET CORP 16.37M -743.1K (-4.3%) 482.62M +40.7M (+9.2%) 4.17% -0.235 pp 0.02% +0.001 pp USD185.20 -84.1% 28 qtrs
7 CAPITAL WORLD INVESTORS 12.83M +12.8M (+100.0%) 378.30M +378.3M (+100.0%) 3.29% +3.289 pp 0.05% +0.051 pp USD29.49 +0.0% 1 qtrs NEW
8 GEODE CAPITAL MANAGEMENT, LLC 9.22M -29.7K (-0.3%) 271.42M +32.9M (+13.8%) 2.35% -0.032 pp 0.02% +0.002 pp USD140.33 -79.0% 29 qtrs
9 MORGAN STANLEY 8.87M -1.1M (-11.0%) 261.60M +4.3M (+1.7%) 2.26% -0.305 pp 0.02% +0.000 pp USD55.98 -47.3% 29 qtrs
10 THELEME PARTNERS LLP 8.08M +13.0K (+0.2%) 238.33M +29.9M (+14.4%) 2.06% -0.018 pp 15.52% +2.194 pp USD95.21 -69.0% 29 qtrs
11 TWO SIGMA ADVISERS, LP 7.73M +956.8K (+14.1%) 227.95M +53.0M (+30.3%) 1.97% +0.226 pp 0.44% +0.093 pp USD28.60 +3.1% 11 qtrs
12 TWO SIGMA INVESTMENTS, LP 7.34M -187.9K (-2.5%) 216.52M +22.0M (+11.3%) 1.87% -0.068 pp 0.31% +0.016 pp USD31.26 -5.7% 12 qtrs
13 INVESCO LTD. 7.03M -1.2M (-14.4%) 207.31M -4.9M (-2.3%) 1.79% -0.324 pp 0.03% -0.002 pp USD81.63 -63.9% 28 qtrs
14 CITADEL ADVISORS LLC 6.90M +463.6K (+7.2%) 203.38M +37.2M (+22.4%) 1.76% +0.101 pp 0.03% +0.005 pp USD70.26 -58.0% 28 qtrs
15 FLAGSHIP PIONEERING INC. 4.63M +— (+0.0%) 136.60M +17.0M (+14.2%) 1.18% -0.012 pp 42.16% +1.268 pp USD15.27 +93.1% 29 qtrs
16 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 4.62M +309.1K (+7.2%) 136.29M +24.9M (+22.4%) 1.18% +0.068 pp 0.02% +0.003 pp USD98.97 -70.2% 26 qtrs
17 BNP PARIBAS ARBITRAGE, SNC 4.15M +3.1M (+279.7%) 122.46M +94.2M (+333.5%) 1.06% +0.778 pp 0.06% +0.040 pp USD49.82 -40.8% 27 qtrs
18 UBS GROUP AG 4.09M -714.8K (-14.9%) 120.52M -3.5M (-2.8%) 1.04% -0.195 pp 0.02% +0.000 pp USD55.00 -46.4% 29 qtrs
19 GOLDMAN SACHS GROUP INC 3.95M +770.9K (+24.2%) 116.50M +34.4M (+41.8%) 1.01% +0.194 pp 0.01% +0.004 pp USD113.16 -73.9% 29 qtrs
20 TOROSO INVESTMENTS, LLC 3.91M -4.1M (-50.9%) 115.36M -90.5M (-44.0%) 1.00% -1.056 pp 0.27% -0.138 pp USD25.93 +13.7% 9 qtrs
21 ALYESKA INVESTMENT GROUP, L.P. 3.23M +3.2M (+100.0%) 95.21M +95.2M (+100.0%) 0.82% +0.824 pp 0.27% +0.269 pp USD29.49 +0.0% 1 qtrs NEW
22 JANE STREET GROUP, LLC 3.21M +614.9K (+23.7%) 94.54M +27.6M (+41.3%) 0.82% +0.154 pp 0.01% +0.004 pp USD32.39 -9.0% 6 qtrs
23 BANQUE PICTET & CIE SA 3.13M +— (+0.0%) 92.33M +11.5M (+14.2%) 0.80% -0.004 pp 0.54% +0.071 pp USD23.58 +25.1% 27 qtrs
24 NORTHERN TRUST CORP 3.00M +97.1K (+3.3%) 88.55M +13.5M (+18.0%) 0.77% +0.017 pp 0.01% +0.002 pp USD163.30 -81.9% 28 qtrs
25 NORGES BANK 2.70M +2.7M (+100.0%) 79.71M +79.7M (+100.0%) 0.69% +0.693 pp 0.01% +0.009 pp USD29.49 +0.0% 1 qtrs NEW
26 SQUAREPOINT OPS LLC 2.61M -1.9M (-42.5%) 76.95M -40.3M (-34.4%) 0.67% -0.505 pp 0.08% -0.036 pp USD31.46 -6.3% 20 qtrs
27 MERCK & CO., INC. 2.31M +— (+0.0%) 68.07M +8.4M (+14.2%) 0.59% -0.006 pp 24.64% -1.508 pp USD41.58 -29.1% 5 qtrs
28 FEDERATED HERMES, INC. 2.18M -600.5K (-21.6%) 64.25M -7.5M (-10.5%) 0.56% -0.158 pp 0.11% -0.019 pp USD27.77 +6.2% 25 qtrs
29 NATIONAL BANK OF CANADA /FI/ 2.16M -548.6K (-20.3%) 63.59M -6.3M (-9.0%) 0.55% -0.147 pp 0.06% -0.012 pp USD28.69 +2.8% 17 qtrs
30 CITIGROUP INC 1.94M -145.5K (-7.0%) 57.11M +3.3M (+6.2%) 0.49% -0.043 pp 0.03% +0.001 pp USD65.95 -55.3% 28 qtrs
31 D. E. SHAW & CO., INC. 1.87M +490.1K (+35.6%) 55.05M +19.5M (+54.8%) 0.48% +0.121 pp 0.03% +0.010 pp USD40.61 -27.4% 23 qtrs
32 QUBE RESEARCH & TECHNOLOGIES LTD 1.81M +230.4K (+14.6%) 53.40M +12.6M (+30.8%) 0.46% +0.055 pp 0.05% +0.012 pp USD39.22 -24.8% 10 qtrs
33 DIMENSIONAL FUND ADVISORS LP 1.79M +987.3K (+123.2%) 52.78M +32.1M (+155.0%) 0.46% +0.252 pp 0.01% +0.007 pp USD82.72 -64.3% 26 qtrs
34 BANK OF NEW YORK MELLON CORP 1.73M -33.4K (-1.9%) 51.00M +5.5M (+12.0%) 0.44% -0.011 pp 0.01% +0.000 pp USD195.83 -84.9% 28 qtrs
35 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.62M -343.3K (-17.5%) 47.64M -3.0M (-5.8%) 0.41% -0.093 pp 0.01% 0.000 pp USD43.31 -31.9% 29 qtrs
36 UBS ASSET MANAGEMENT AMERICAS INC 1.59M -371.8K (-19.0%) 46.86M -3.8M (-7.5%) 0.41% -0.098 pp 0.01% -0.001 pp USD114.16 -74.2% 26 qtrs
37 VOLORIDGE INVESTMENT MANAGEMENT, LLC 1.55M +584.3K (+60.3%) 45.82M +20.8M (+83.0%) 0.40% +0.147 pp 0.16% +0.077 pp USD37.80 -22.0% 6 qtrs
38 BARCLAYS PLC 1.54M +9.6K (+0.6%) 45.49M -57.0M (-55.6%) 0.39% -0.002 pp 0.01% -0.015 pp USD95.70 -69.2% 28 qtrs
39 FIRST TRUST ADVISORS LP 1.50M +469.1K (+45.4%) 44.28M +17.6M (+66.0%) 0.38% +0.117 pp 0.03% +0.012 pp USD60.65 -51.4% 24 qtrs
40 BANK OF AMERICA CORP /DE/ 1.37M -272.2K (-16.5%) 40.54M -2.0M (-4.7%) 0.35% -0.074 pp 0.00% +0.000 pp USD69.85 -57.8% 29 qtrs
41 DOUGLAS LANE & ASSOCIATES, LLC 1.29M +163.0K (+14.4%) 38.09M +8.9M (+30.7%) 0.33% +0.040 pp 0.52% +0.114 pp USD67.88 -56.6% 19 qtrs
42 ROYAL BANK OF CANADA 1.14M -513.8K (-31.0%) 33.73M -9.1M (-21.2%) 0.29% -0.135 pp 0.01% -0.002 pp USD55.70 -47.1% 29 qtrs
43 AMUNDI 1.14M +127.6K (+12.6%) 33.73M +5.7M (+20.5%) 0.29% +0.030 pp 0.01% +0.000 pp USD77.87 -62.1% 19 qtrs
44 NUVEEN, LLC 1.12M +22.5K (+2.0%) 33.17M +4.7M (+16.5%) 0.29% +0.003 pp 0.01% +0.001 pp USD27.84 +5.9% 4 qtrs
45 DEUTSCHE BANK AG\ 1.12M -142.8K (-11.3%) 33.03M +411.1K (+1.3%) 0.29% -0.038 pp 0.01% 0.000 pp USD100.90 -70.8% 28 qtrs
46 JPMORGAN CHASE & CO 1.01M -373.2K (-26.9%) 29.90M -5.9M (-16.5%) 0.26% -0.098 pp 0.00% 0.000 pp USD45.80 -35.6% 29 qtrs
47 WHITEFORT CAPITAL MANAGEMENT, LP 1.00M +1.0M (+100.0%) 29.49M +29.5M (+100.0%) 0.26% +0.255 pp 7.54% +7.539 pp USD29.49 +0.0% 1 qtrs NEW
48 DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) 1.00M +— (+0.0%) 29.49M +3.7M (+14.2%) 0.26% -0.003 pp 0.38% -0.018 pp USD25.83 +14.2% 2 qtrs
49 NATIXIS 1.00M -600.0K (-37.5%) 29.49M -11.8M (-28.6%) 0.26% -0.157 pp 0.10% -0.087 pp USD26.49 +11.3% 3 qtrs
50 LEGAL & GENERAL GROUP PLC 937.0K -64.3K (-6.4%) 27.63M +1.8M (+6.8%) 0.24% -0.018 pp 0.01% +0.000 pp USD127.65 -76.9% 29 qtrs
51 PICTET ASSET MANAGEMENT HOLDING SA 738.1K +3.6K (+0.5%) 22.87M +4.2M (+22.7%) 0.19% +0.000 pp 0.02% +0.004 pp USD61.41 -52.0% 10 qtrs
52 SESSA CAPITAL IM, L.P. 743.1K +— (+0.0%) 21.91M +2.7M (+14.2%) 0.19% -0.002 pp 0.41% -0.045 pp USD28.35 +4.0% 4 qtrs
53 LETKO, BROSSEAU & ASSOCIATES INC 726.4K -187.0K (-20.5%) 21.42M -2.2M (-9.2%) 0.19% -0.049 pp 0.35% -0.055 pp USD65.78 -55.2% 9 qtrs
54 LMR PARTNERS LLP 699.3K +108.7K (+18.4%) 20.62M +5.4M (+35.2%) 0.18% +0.026 pp 0.04% -0.029 pp USD30.22 -2.4% 11 qtrs
55 SWISS NATIONAL BANK 693.1K +18.2K (+2.7%) 20.44M +3.0M (+17.2%) 0.18% +0.004 pp 0.01% +0.002 pp USD106.97 -72.4% 23 qtrs
56 TANG CAPITAL MANAGEMENT LLC 692.8K +387.5K (+126.9%) 20.43M +12.5M (+159.1%) 0.18% +0.098 pp 1.01% +0.706 pp USD34.72 -15.1% 5 qtrs
57 CAPTION MANAGEMENT, LLC 644.3K +477.3K (+285.8%) 19.00M +14.7M (+340.5%) 0.16% +0.121 pp 0.13% +0.097 pp USD28.54 +3.3% 2 qtrs
58 HSBC HOLDINGS PLC 638.4K -107.1K (-14.4%) 18.91M +717.0 (+0.0%) 0.16% -0.028 pp 0.01% -0.001 pp USD133.81 -78.0% 24 qtrs
59 JUMP FINANCIAL, LLC 625.9K +127.4K (+25.6%) 18.46M +5.6M (+43.4%) 0.16% +0.031 pp 0.23% +0.073 pp USD26.71 +10.4% 10 qtrs
60 RHUMBLINE ADVISERS 620.7K -41.4K (-6.3%) 18.30M +1.2M (+7.0%) 0.16% -0.012 pp 0.01% +0.001 pp USD131.49 -77.6% 28 qtrs
61 RENAISSANCE TECHNOLOGIES LLC 568.4K +568.4K (+100.0%) 16.76M +16.8M (+100.0%) 0.15% +0.145 pp 0.03% +0.026 pp USD29.49 +0.0% 8 qtrs
62 AQUATIC CAPITAL MANAGEMENT LLC 549.7K +508.6K (+1,238.9%) 16.21M +15.1M (+1,428.7%) 0.14% +0.130 pp 0.46% +0.441 pp USD29.22 +0.9% 2 qtrs
63 CAPITAL FUND MANAGEMENT S.A. 546.6K -244.9K (-30.9%) 16.12M -4.3M (-21.2%) 0.14% -0.065 pp 0.04% -0.009 pp USD47.06 -37.3% 20 qtrs
64 PEAK6 LLC 543.5K +24.5K (+4.7%) 16.03M +2.6M (+19.6%) 0.14% +0.006 pp 0.03% +0.010 pp USD34.07 -13.4% 5 qtrs
65 MAN GROUP PLC 518.3K -673.5K (-56.5%) 15.28M -15.5M (-50.4%) 0.13% -0.175 pp 0.03% -0.028 pp USD26.09 +13.0% 25 qtrs
66 EXOR CAPITAL LLP 498.7K +125.6K (+33.7%) 14.71M +5.1M (+52.6%) 0.13% +0.032 pp 0.26% +0.078 pp USD88.43 -66.7% 11 qtrs
67 PRICE T ROWE ASSOCIATES INC /MD/ 494.0K +11.1K (+2.3%) 14.57M +2.1M (+16.8%) 0.13% +0.002 pp 0.00% +0.000 pp USD114.76 -74.3% 29 qtrs
68 TUDOR INVESTMENT CORP ET AL 485.0K -422.8K (-46.6%) 14.30M -9.1M (-39.0%) 0.12% -0.110 pp 0.03% -0.014 pp USD41.71 -29.3% 10 qtrs
69 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 479.0K +13.1K (+2.8%) 14.12M +2.1M (+17.4%) 0.12% +0.003 pp 0.01% +0.001 pp USD72.44 -59.3% 26 qtrs
70 SUSQUEHANNA PORTFOLIO STRATEGIES, LLC 471.0K +471.0K (+100.0%) 13.89M +13.9M (+100.0%) 0.12% +0.120 pp 0.21% +0.214 pp USD29.49 +0.0% 3 qtrs
71 Y-INTERCEPT (HONG KONG) LTD 460.9K +460.9K (+100.0%) 13.59M +13.6M (+100.0%) 0.12% +0.118 pp 0.30% +0.304 pp USD29.49 +0.0% 7 qtrs
72 VOYA INVESTMENT MANAGEMENT LLC 456.4K +343.6K (+304.5%) 13.46M +10.5M (+361.8%) 0.12% +0.088 pp 0.01% +0.010 pp USD49.34 -40.2% 26 qtrs
73 VERITION FUND MANAGEMENT LLC 452.5K +230.2K (+103.5%) 13.35M +7.6M (+132.4%) 0.12% +0.058 pp 0.05% +0.029 pp USD35.39 -16.7% 9 qtrs
74 MANUFACTURERS LIFE INSURANCE COMPANY, THE 447.7K -8.3K (-1.8%) 13.20M +1.4M (+12.1%) 0.11% -0.003 pp 0.01% +0.001 pp USD122.06 -75.8% 29 qtrs
75 WALLEYE TRADING LLC 445.5K -31.7K (-6.6%) 13.14M +811.7K (+6.6%) 0.11% -0.009 pp 0.02% +0.000 pp USD53.70 -45.1% 27 qtrs
76 MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. 390.0K -24.2K (-5.8%) 12.04M +1.3M (+12.5%) 0.10% -0.007 pp 0.01% +0.001 pp USD146.18 -79.8% 25 qtrs
77 ALLIANCEBERNSTEIN L.P. 405.2K -9.5K (-2.3%) 11.95M +1.2M (+11.6%) 0.10% -0.004 pp 0.00% +0.000 pp USD189.92 -84.5% 28 qtrs
78 CWM, LLC 389.3K -1.0K (-0.3%) 11.48M +1.4M (+13.9%) 0.10% -0.001 pp 0.03% +0.001 pp USD60.60 -51.3% 17 qtrs
79 MILLENNIUM MANAGEMENT LLC 388.5K -178.6K (-31.5%) 11.46M -3.2M (-21.8%) 0.10% -0.047 pp 0.00% -0.001 pp USD82.62 -64.3% 22 qtrs
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.76
Neutral
Ratio by volume
2.01
Bullish
Buys
28
Sells
37
Shares acquired
977.9K
Shares disposed
485.7K
Cash buys
Cash sales
2.00
Net activity
+492,153
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
2026-04-02 Mock James M Officer M-Exempt A Common Stock 1,453 0.00 58,451 D
2026-03-05 Mock James M Officer M-Exempt D Restricted Stock Units 11,797 0.00 129,774 D
2026-03-05 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 11,797 0.00 129,774 D
2026-03-02 Klinger Shannon Thyme Officer S-Sale D Common Stock 13,885 52.29 726.0K 59,689 D
2026-03-01 Mock James M Officer A-Award A Stock Option (Right to Buy) 37,639 53.57 2.02M 37,639 D
2026-03-01 Klinger Shannon Thyme Officer A-Award A Restricted Stock Units 38,553 0.00 38,553 D
2026-03-01 Hoge Stephen Officer A-Award A Restricted Stock Units 165,230 0.00 165,230 D
2026-03-01 Bancel Stephane Director / Officer A-Award A Stock Option (Right to Buy) 250,932 53.57 13.44M 250,932 D
2026-02-27 Mock James M Officer M-Exempt A Common Stock 9,901 0.00 55,693 D
2026-02-27 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 774 0.00 6,189 D
2026-02-27 Hoge Stephen Officer M-Exempt A Common Stock 37,131 0.00 1,495,950 D
2026-02-23 Hoge Stephen Officer M-Exempt D Stock Option (Right to Buy) 48,330 19.15 925.5K 48,330 D
2026-02-11 Mock James M Officer A-Award A Common Stock 2,630 0.00 46,502 D
2026-02-11 Klinger Shannon Thyme Officer A-Award A Common Stock 2,630 0.00 55,861 D
2026-02-11 Hoge Stephen Officer A-Award A Common Stock 4,884 0.00 1,459,789 D
2026-02-11 Bancel Stephane Director / Officer A-Award A Common Stock 11,271 0.00 6,193,241 D
2026-01-05 Mock James M Officer F-InKind D Common Stock 780 30.86 24.1K 43,872 D
2025-12-11 Bancel Stephane Director / Officer M-Exempt A Common Stock 688,073 10.90 7.50M 6,181,970 D
2025-12-11 AFEYAN NOUBAR Director M-Exempt A Common Stock 23,853 10.90 260.0K 27,777 I
2025-12-09 Hussain Abbas Director S-Sale D Common Stock 504 27.60 13.9K 1,515 D
2025-12-05 Mock James M Officer F-InKind D Common Stock 22,817 25.49 581.6K 43,200 D
2025-12-05 Klinger Shannon Thyme Officer M-Exempt A Common Stock 47,190 0.00 76,048 D
2025-12-01 Klinger Shannon Thyme Officer M-Exempt A Common Stock 233 0.00 28,971 D
2025-12-01 Hoge Stephen Officer M-Exempt A Common Stock 652 0.00 1,455,221 D
2025-11-28 Mock James M Officer M-Exempt D Restricted Stock Units 329 0.00 1,644 D
2025-11-28 Klinger Shannon Thyme Officer F-InKind D Common Stock 160 25.01 4.0K 28,738 D
2025-11-28 Hoge Stephen Officer F-InKind D Common Stock 295 25.01 7.4K 1,454,569 D
2025-11-26 Mock James M Officer M-Exempt D Restricted Stock Units 773 0.00 6,963 D
2025-11-26 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 773 0.00 6,963 D
2025-11-26 Hoge Stephen Officer M-Exempt D Restricted Stock Units 1,437 0.00 12,931 D
2025-10-03 Mock James M Officer M-Exempt A Common Stock 1,453 0.00 18,962 D
2025-10-02 Hussain Abbas Director M-Exempt A Common Stock 1,439 0.00 2,019 D
2025-08-29 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 232 0.00 466 D
2025-08-29 Hoge Stephen Officer M-Exempt D Restricted Stock Units 651 0.00 1,304 D
2025-08-28 Mock James M Officer M-Exempt A Common Stock 329 0.00 17,669 D
2025-08-28 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 329 0.00 1,973 D
2025-08-28 Hoge Stephen Officer M-Exempt D Restricted Stock Units 611 0.00 3,663 D
2025-08-27 Mock James M Officer F-InKind D Common Stock 375 24.73 9.3K 17,340 D
2025-08-27 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 774 0.00 7,736 D
2025-08-27 Hoge Stephen Officer M-Exempt D Restricted Stock Units 1,437 0.00 14,368 D
2025-08-05 Rubenstein David M. Director M-Exempt A Common Stock 850 0.00 1,527 D
2025-07-03 Mock James M Officer F-InKind D Common Stock 703 30.28 21.3K 16,941 D
2025-06-11 Hussain Abbas Director S-Sale D Common Stock 312 28.00 8.7K 580 D
2025-06-06 Klinger Shannon Thyme Officer M-Exempt A Common Stock 1,139 0.00 28,034 D
2025-05-30 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 233 0.00 698 D
2025-05-30 Hoge Stephen Officer F-InKind D Common Stock 316 26.93 8.5K 1,452,119 D
2025-05-28 Mock James M Officer M-Exempt A Common Stock 328 0.00 16,350 D
2025-05-28 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 328 0.00 2,302 D
2025-05-28 Hoge Stephen Officer M-Exempt D Restricted Stock Units 610 0.00 4,274 D
2025-05-27 Mock James M Officer M-Exempt D Restricted Stock Units 773 0.00 8,510 D
2025-05-27 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 773 0.00 8,510 D
2025-05-27 Hoge Stephen Officer M-Exempt D Restricted Stock Units 1,436 0.00 15,805 D
2025-04-30 Tallett Elizabeth E Director A-Award A Stock Option (Right to Buy) 19,134 28.54 546.1K 19,134 D
2025-04-30 SAGAN PAUL Director A-Award A Stock Option (Right to Buy) 25,512 28.54 728.1K 25,512 D
2025-04-30 Rubenstein David M. Director M-Exempt D Restricted Stock Units 677 0.00 0 D
2025-04-30 Nader Francois Director A-Award A Stock Option (Right to Buy) 6,378 28.54 182.0K 6,378 D
2025-04-30 NABEL ELIZABETH G Director A-Award A Restricted Stock Units 16,233 0.00 16,233 D
2025-04-30 Hussain Abbas Director M-Exempt D Restricted Stock Units 892 0.00 0 D
2025-04-30 Horning Sandra Director M-Exempt D Restricted Stock Units 979 0.00 0 D
2025-04-30 AFEYAN NOUBAR Director A-Award A Stock Option (Right to Buy) 25,512 28.54 728.1K 25,512 D
2025-04-04 Mock James M Officer M-Exempt A Common Stock 1,452 0.00 16,326 D
2025-03-07 Klinger Shannon Thyme Officer F-InKind D Common Stock 551 34.30 18.9K 25,612 D
2025-03-03 SAGAN PAUL Director P-Purchase A Common Stock 31,620 31.76 1.00M 312,027 I
2025-03-03 Bancel Stephane Director / Officer P-Purchase A Common Stock 57,493 31.53 1.81M 9,210,686 I
2025-03-01 Mock James M Officer A-Award A Stock Option (Right to Buy) 63,478 30.96 1.97M 63,478 D
2025-03-01 Klinger Shannon Thyme Officer A-Award A Stock Option (Right to Buy) 55,543 30.96 1.72M 55,543 D
2025-03-01 Hoge Stephen Officer A-Award A Restricted Stock Units 148,524 0.00 148,524 D
2025-03-01 Bancel Stephane Director / Officer A-Award A Stock Option (Right to Buy) 357,065 30.96 11.05M 357,065 D
2025-02-28 Mock James M Officer M-Exempt D Restricted Stock Units 329 0.00 2,630 D
2025-02-28 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 233 0.00 931 D
2025-02-28 Hoge Stephen Officer F-InKind D Common Stock 296 31.09 9.2K 1,450,727 D
2025-02-27 Mock James M Officer M-Exempt D Performance Stock Units 1,326 0.00 0 D
2025-02-27 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 2,653 0.00 0 D
2025-02-27 Hoge Stephen Officer M-Exempt A Common Stock 5,746 0.00 1,452,855 D
2025-02-12 Klinger Shannon Thyme Officer F-InKind D Common Stock 1,068 30.93 33.0K 21,425 D
2025-02-12 Hoge Stephen Officer A-Award A Common Stock 5,734 0.00 1,449,880 D
2025-02-12 Bancel Stephane Director / Officer F-InKind D Common Stock 6,400 30.93 198.0K 5,493,897 D
2025-02-07 Hoge Stephen Officer M-Exempt A Common Stock 523 0.00 1,444,427 D
2025-01-03 Mock James M Officer M-Exempt A Common Stock 1,453 0.00 12,519 D
2024-12-09 Klinger Shannon Thyme Officer S-Sale D Common Stock 529 44.68 23.6K 20,446 D
2024-12-06 Klinger Shannon Thyme Officer M-Exempt A Common Stock 1,138 0.00 20,975 D
2024-12-05 Mock James M Officer A-Award A Restricted Stock Units 188,761 0.00 188,761 D
2024-12-05 Klinger Shannon Thyme Officer A-Award A Restricted Stock Units 188,761 0.00 188,761 D
2024-12-03 Klinger Shannon Thyme Officer S-Sale D Common Stock 112 43.30 4.8K 19,837 D
2024-12-03 Hoge Stephen Officer S-Sale D Common Stock 314 43.30 13.6K 1,443,904 D
2024-12-02 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 232 0.00 1,164 D
2024-12-02 Hoge Stephen Officer M-Exempt A Common Stock 651 0.00 1,444,218 D
2024-11-29 Mock James M Officer S-Sale D Common Stock 1,420 42.79 60.8K 11,066 D
2024-11-29 Klinger Shannon Thyme Officer S-Sale D Common Stock 1,418 42.79 60.7K 19,717 D
2024-11-29 Hoge Stephen Officer S-Sale D Common Stock 291 42.79 12.5K 1,443,567 D
2024-11-27 Mock James M Officer M-Exempt D Restricted Stock Units 1,326 0.00 1,326 D
2024-11-27 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 2,652 0.00 2,653 D
2024-11-27 Hoge Stephen Officer M-Exempt D Restricted Stock Units 610 0.00 5,495 D
2024-11-11 Hoge Stephen Officer S-Sale D Common Stock 277 46.10 12.8K 1,443,248 D
2024-11-08 Hoge Stephen Officer M-Exempt A Common Stock 523 0.00 1,443,525 D
2024-10-07 Mock James M Officer S-Sale D Common Stock 715 60.12 43.0K 9,505 D
2024-10-04 Mock James M Officer M-Exempt A Common Stock 1,453 0.00 10,220 D
2024-10-02 Hussain Abbas Director A-Award A Stock Option (Right to Buy) 8,093 63.16 511.2K 8,093 D
2024-09-09 Klinger Shannon Thyme Officer S-Sale D Common Stock 551 73.57 40.5K 18,154
2024-09-06 Klinger Shannon Thyme Officer M-Exempt A Common Stock 1,139 0.00 18,705
2024-09-03 Klinger Shannon Thyme Officer S-Sale D Common Stock 114 76.99 8.8K 17,566
2024-09-03 Hoge Stephen Officer S-Sale D Common Stock 318 76.99 24.5K 1,443,002
2024-08-30 Klinger Shannon Thyme Officer M-Exempt A Common Stock 233 0.00 17,680
2024-08-30 Hoge Stephen Officer M-Exempt A Common Stock 652 0.00 1,443,320
2024-08-29 Mock James M Officer S-Sale D Common Stock 162 78.03 12.6K 8,767
2024-08-29 Klinger Shannon Thyme Officer S-Sale D Common Stock 162 78.03 12.6K 17,447
2024-08-29 Hoge Stephen Officer S-Sale D Common Stock 300 78.03 23.4K 1,442,668
2024-08-28 Mock James M Officer S-Sale D Common Stock 1,321 79.39 104.9K 8,600
2024-08-28 Klinger Shannon Thyme Officer S-Sale D Common Stock 1,319 79.39 104.7K 17,280
2024-08-28 Hoge Stephen Officer M-Exempt D Restricted Stock Units 611 0.00 6,105
2024-08-27 Mock James M Officer M-Exempt A Common Stock 1,326 0.00 9,921
2024-08-27 Klinger Shannon Thyme Officer M-Exempt A Common Stock 2,652 0.00 18,599
2024-08-12 Hoge Stephen Officer S-Sale D Common Stock 254 84.10 21.4K 1,442,357
2024-08-09 Hoge Stephen Officer M-Exempt A Common Stock 522 0.00 1,442,611
2024-08-05 Rubenstein David M. Director A-Award A Stock Option (Right to Buy) 4,065 83.75 340.4K 4,065
2024-07-31 AFEYAN NOUBAR Director S-Sale D Common Stock 5,664 119.84 678.8K 2,228,752
2024-07-24 AFEYAN NOUBAR Director S-Sale D Common Stock 2,668 116.33 310.4K 2,251,347
2024-07-17 AFEYAN NOUBAR Director S-Sale D Common Stock 2,601 120.86 314.3K 2,266,414
2024-07-15 Hoge Stephen Officer S-Sale D Common Stock 15,000 121.12 1.82M 1,442,089
2024-07-10 AFEYAN NOUBAR Director S-Sale D Common Stock 3,000 117.83 353.5K 2,270,615
2024-07-08 Mock James M Officer S-Sale D Common Stock 689 118.24 81.5K 7,269
2024-07-05 Mock James M Officer M-Exempt D Restricted Stock Units 1,452 0.00 13,075
2024-06-26 AFEYAN NOUBAR Director S-Sale D Common Stock 1,435 128.78 184.8K 2,289,820
2024-06-18 AFEYAN NOUBAR Director S-Sale D Common Stock 1,700 132.22 224.8K 2,312,315
2024-06-17 Hoge Stephen Officer S-Sale D Common Stock 15,000 138.16 2.07M 1,457,089
2024-06-14 Bancel Stephane Director / Officer J-Other A Common Stock 26,840 0.00 5,487,064
2024-06-12 AFEYAN NOUBAR Director S-Sale D Common Stock 6,397 147.55 943.9K 2,317,216
2024-06-11 AFEYAN NOUBAR Director S-Sale D Common Stock 163,649 148.29 24.27M 7,937,145
2024-06-10 Klinger Shannon Thyme Officer S-Sale D Common Stock 5,178 148.09 766.8K 15,947
2024-06-07 Klinger Shannon Thyme Officer M-Exempt A Common Stock 9,108 0.00 21,125
2024-06-05 AFEYAN NOUBAR Director S-Sale D Common Stock 2,840 151.07 429.0K 1,955,391
2024-06-03 Mock James M Officer S-Sale D Common Stock 691 140.72 97.2K 6,506
2024-06-03 Klinger Shannon Thyme Officer S-Sale D Common Stock 122 140.72 17.2K 10,878
2024-06-03 Hoge Stephen Officer S-Sale D Common Stock 339 140.72 47.7K 1,472,089
2024-05-31 Mock James M Officer M-Exempt D Performance Stock Units 1,326 0.00 3,978
2024-05-31 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 232 0.00 1,629
2024-05-31 Hoge Stephen Officer M-Exempt D Restricted Stock Units 651 0.00 4,562
2024-05-29 Mock James M Officer S-Sale D Common Stock 183 144.50 26.4K 5,871
2024-05-29 Klinger Shannon Thyme Officer S-Sale D Common Stock 183 144.50 26.4K 10,768
2024-05-29 Hoge Stephen Officer S-Sale D Common Stock 341 144.50 49.3K 1,471,777
2024-05-29 AFEYAN NOUBAR Director S-Sale D Common Stock 5,581 146.02 814.9K 1,967,337
2024-05-28 Mock James M Officer M-Exempt A Common Stock 328 0.00 6,054
2024-05-28 Klinger Shannon Thyme Officer S-Sale D Common Stock 1,296 162.47 210.6K 10,623
2024-05-28 Hoge Stephen Officer M-Exempt A Common Stock 610 0.00 1,472,118
2024-05-24 Mock James M Officer M-Exempt A Common Stock 1,326 0.00 6,374
2024-05-24 Klinger Shannon Thyme Officer M-Exempt A Common Stock 2,652 0.00 11,919
2024-05-22 AFEYAN NOUBAR Director S-Sale D Common Stock 1,923 158.25 304.3K 1,988,906
2024-05-15 Hoge Stephen Officer S-Sale D Common Stock 15,000 127.49 1.91M 1,471,508
2024-05-15 AFEYAN NOUBAR Director S-Sale D Common Stock 4,488 125.53 563.4K 2,007,443
2024-05-10 Hoge Stephen Officer S-Sale D Common Stock 255 120.96 30.8K 1,486,508
2024-05-09 Hoge Stephen Officer M-Exempt D Restricted Stock Units 522 0.00 1,568
2024-05-08 AFEYAN NOUBAR Director S-Sale D Common Stock 2,000 120.37 240.7K 2,024,931
2024-05-06 Tallett Elizabeth E Director A-Award A Stock Option (Right to Buy) 7,557 122.13 922.9K 7,557
2024-05-06 SAGAN PAUL Director A-Award A Stock Option (Right to Buy) 7,557 122.13 922.9K 7,557
2024-05-06 Nader Francois Director A-Award A Stock Option (Right to Buy) 7,557 122.13 922.9K 7,557
2024-05-06 NABEL ELIZABETH G Director A-Award A Restricted Stock Units 979 0.00 979
2024-05-06 LANGER ROBERT Director A-Award A Stock Option (Right to Buy) 7,557 122.13 922.9K 7,557
2024-05-06 Horning Sandra Director A-Award A Stock Option (Right to Buy) 5,668 122.13 692.2K 5,668
2024-05-06 Berenson Stephen Director A-Award A Stock Option (Right to Buy) 7,557 122.13 922.9K 7,557
2024-05-06 AFEYAN NOUBAR Director A-Award A Stock Option (Right to Buy) 7,557 122.13 922.9K 7,557
2024-05-03 NABEL ELIZABETH G Director M-Exempt A Common Stock 732 0.00 2,105
2024-05-03 Berenson Stephen Director M-Exempt D Restricted Stock Units 732 0.00 0
2024-05-01 AFEYAN NOUBAR Director S-Sale D Common Stock 700 113.40 79.4K 2,026,931
2024-04-24 AFEYAN NOUBAR Director S-Sale D Common Stock 3,926 107.16 420.7K 2,053,005
2024-04-17 AFEYAN NOUBAR Director S-Sale D Common Stock 282 104.49 29.5K 2,056,931
2024-04-15 Hoge Stephen Officer S-Sale D Common Stock 15,000 105.02 1.58M 1,486,241
2024-04-10 AFEYAN NOUBAR Director S-Sale D Common Stock 389 109.36 42.5K 2,071,931
2024-04-08 Mock James M Officer S-Sale D Common Stock 705 101.93 71.9K 5,048
2024-04-05 Mock James M Officer M-Exempt D Restricted Stock Units 1,453 0.00 14,527
2024-04-03 AFEYAN NOUBAR Director S-Sale D Common Stock 2,702 103.64 280.0K 2,087,031
2024-03-27 AFEYAN NOUBAR Director S-Sale D Common Stock 1,817 105.73 192.1K 2,115,114
2024-03-20 AFEYAN NOUBAR Director S-Sale D Common Stock 2,113 101.05 213.5K 2,129,818
2024-03-15 Hoge Stephen Officer S-Sale D Common Stock 15,000 103.17 1.55M 1,501,241
2024-03-13 AFEYAN NOUBAR Director S-Sale D Common Stock 412 109.50 45.1K 2,137,338
2024-03-08 Klinger Shannon Thyme Officer S-Sale D Common Stock 544 99.05 53.9K 9,267
2024-03-07 Klinger Shannon Thyme Officer M-Exempt A Common Stock 1,138 0.00 9,811
2024-03-04 Klinger Shannon Thyme Officer S-Sale D Common Stock 117 94.34 11.0K 8,673
2024-03-04 Hoge Stephen Officer S-Sale D Common Stock 309 94.34 29.2K 1,516,241
2024-03-01 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 233 0.00 1,861
2024-03-01 Hoge Stephen Officer M-Exempt A Common Stock 652 0.00 1,516,550
2024-02-29 Mock James M Officer S-Sale D Common Stock 647 94.57 61.2K 4,300
2024-02-29 Klinger Shannon Thyme Officer S-Sale D Common Stock 670 94.57 63.4K 8,557
2024-02-29 Hoge Stephen Officer S-Sale D Common Stock 2,388 94.57 225.8K 1,515,898
2024-02-28 Mock James M Officer M-Exempt D Restricted Stock Units 1,315 0.00 3,945
2024-02-28 Klinger Shannon Thyme Officer M-Exempt D Restricted Stock Units 1,315 0.00 3,945
2024-02-28 Hoge Stephen Officer M-Exempt A Common Stock 2,442 0.00 1,518,286
2024-02-27 Mock James M Officer A-Award A Restricted Stock Units 5,304 0.00 5,304
2024-02-27 Klinger Shannon Thyme Officer A-Award A Stock Option (Right to Buy) 23,635 96.20 2.27M 23,635
2024-02-27 Hoge Stephen Officer A-Award A Restricted Stock Units 22,987 0.00 22,987
2024-02-27 Bancel Stephane Director / Officer A-Award A Stock Option (Right to Buy) 151,943 96.20 14.62M 151,943
2024-02-22 Hoge Stephen Officer S-Sale D Common Stock 15,000 100.00 1.50M 1,513,433
2024-02-16 Hoge Stephen Officer S-Sale D Common Stock 10,542 88.88 937.0K 1,528,433
2024-02-16 Bancel Stephane Director / Officer S-Sale D Common Stock 26,351 88.88 2.34M 5,460,224
2024-02-14 Hoge Stephen Officer A-Award A Common Stock 22,694 0.00 1,538,975
2024-02-14 Bancel Stephane Director / Officer A-Award A Common Stock 56,736 0.00 5,486,575
2024-02-12 Hoge Stephen Officer S-Sale D Common Stock 304 86.23 26.2K 1,516,281
2024-02-09 Hoge Stephen Officer M-Exempt A Common Stock 522 0.00 1,516,585
2024-01-16 Hoge Stephen Officer S-Sale D Common Stock 15,000 103.90 1.56M 1,516,063
2024-01-08 Mock James M Officer S-Sale D Common Stock 772 109.75 84.7K 3,632
2024-01-05 Mock James M Officer M-Exempt D Restricted Stock Units 1,452 0.00 15,980

Executive team

Top executives
EBIT / Employee
-477.2K
Shares Outstanding
396.59M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Stéphane Bancel Chief Executive Officer 1.68M 6.90M 6.90M 4.30M 157.2K 19.93M 69.21%
2 2025 Stephen Hoge, M.D. President 1.26M 9.20M 4.60M 2.98M 15.8K 18.05M 76.41%
3 2025 James Mock Chief Financial Officer 852.2K 2.45M 1.23M 1.31M 15.8K 5.86M 62.80%
4 2025 Shannon Thyme Klinger Chief Legal Officer and Corporate Secretary 852.2K 2.15M 1.07M 1.31M 15.8K 5.40M 59.63%
5 2024 Stéphane Bancel Chief Executive Officer 1.63M 7.65M 7.65M 1.97M 975.2K 19.88M 77.02%
6 2024 Shannon Thyme Klinger Chief Legal Officer and Corporate Secretary 829.5K 11.51M 4.25M 763.8K 15.5K 17.37M 90.74%
7 2024 James Mock Chief Financial Officer 826.2K 11.51M 4.25M 611.0K 15.5K 17.21M 91.56%
8 2024 Stephen Hoge, M.D. President 1.08M 4.42M 2.21M 1.45M 15.5K 9.18M 72.25%
9 2023 Stéphane Bancel Chief Executive Officer 1.56M 3.13M 9.39M 1.91M 1.07M 17.07M 73.33%
10 2023 Stephen Hoge, M.D. President 1.04M 2.71M 2.71M 850.5K 22.6K 7.34M 73.90%
11 2023 Arpa Garay Former Chief Commercial Officer 842.3K 1.46M 1.46M 619.7K 63.4K 4.45M 65.69%
12 2023 James Mock Chief Financial Officer 792.3K 1.46M 1.46M 583.2K 21.1K 4.32M 67.65%
13 2023 Shannon Thyme Klinger Chief Legal Officer and Corporate Secretary 784.6K 1.46M 1.46M 583.2K 24.1K 4.31M 67.72%
14 2022 Stéphane Bancel Chief Executive Officer 1.42M 3.60M 10.79M 2.70M 851.6K 19.36M 74.31%
15 2022 Stephen Hoge, M.D. President 953.8K 3.12M 3.12M 1.44M 17.7K 8.65M 72.11%
16 2022 Arpa Garay Chief Commercial Officer 458.5K 1.50M 2.50M 2.50M 508.9K 203.3K 7.68M 65.21%
17 2022 Arpa Garay Former Chief Commercial Officer 458.5K 1.50M 2.50M 2.50M 508.9K 203.3K 7.68M 65.21%
18 2022 James Mock Chief Financial Officer 227.9K 1.00M 2.92M 2.92M 259.6K 4.3K 7.33M 79.65%
19 2022 Juan Andres President, Strategic Partnerships and Enterprise Expansion 684.6K 2.40M 2.40M 567.0K 26.6K 6.07M 78.96%
20 2022 David Meline Former Chief Financial Officer 426.5K 428.1K 1.92M 1.92M 76.7K 4.77M 80.47%
21 2022 Shannon Thyme Klinger Chief Legal Officer and Corporate Secretary 692.6K 1.11M 1.11M 756.0K 47.2K 3.72M 59.80%
22 2022 Jorge Gomez Former Chief Financial Officer 5.4K 431.7K 437.1K 0.00%
23 2021 Stéphane Bancel Chief Executive Officer 990.4K 3.75M 11.25M 1.50M 665.4K 18.16M 82.62%
24 2021 Shannon Thyme Klinger Chief Legal Officer and Corporate Secretary 381.1K 250.0K 6.00M 4.00M 344.0K 514.1K 11.49M 87.04%
25 2021 Shannon Thyme Klinger Chief Legal Officer & Corporate Secretary 381.1K 250.0K 6.00M 4.00M 344.0K 514.1K 11.49M 87.04%
26 2021 Corinne Le Goff Former Chief Commercial Officer 570.2K 300.0K 4.00M 4.00M 1.28M 10.15M 78.83%
27 2021 Stephen Hoge, M.D. President 684.8K 3.00M 3.00M 819.0K 299.6K 7.80M 76.89%
28 2021 Juan Andres President, Strategic Partnerships and Enterprise Expansion 590.8K 2.50M 2.50M 756.0K 256.7K 6.60M 75.72%
29 2021 Juan Andres Chief Technical Operations & Quality Officer 590.8K 2.50M 2.50M 756.0K 256.7K 6.60M 75.72%
30 2021 David Meline Chief Financial Officer 617.0K 2.00M 2.00M 560.0K 59.3K 5.24M 76.39%
31 2021 David Meline Former Chief Financial Officer 617.0K 2.00M 2.00M 560.0K 59.3K 5.24M 76.39%
32 2020 Stéphane Bancel Chief Executive Officer 945.7K 1.90M 9.00M 1.01M 12.89M 69.85%
33 2020 David Meline Chief Financial Officer 334.6K 339.3K 8.60M 9.27M 92.73%
34 2020 David Meline Former Chief Financial Officer 334.6K 339.3K 8.60M 9.27M 92.73%
35 2020 Stephen Hoge, M.D. President 617.4K 621.0K 1.00M 3.00M 24.9K 5.26M 76.00%
36 2020 Tal Zaks Chief Medical Office r 548.7K 552.0K 750.0K 2.25M 152.3K 4.25M 70.54%
37 2020 Juan Andres Chief Technical Operations and Quality Officer 548.7K 662.4K 750.0K 2.25M 36.7K 4.25M 70.62%
38 2020 Juan Andres President, Strategic Partnerships and Enterprise Expansion 548.7K 662.4K 750.0K 2.25M 36.7K 4.25M 70.62%
39 2020 Juan Andres Chief Technical Operations & Quality Officer 548.7K 662.4K 750.0K 2.25M 36.7K 4.25M 70.62%
40 2020 Lorence Kim, M.D. Former Chief Financial Officer 418.2K 145.0K 2.50M 330.8K 3.39M 73.66%
41 2019 Stéphane Bancel Chief Executive Officer 921.2K 1.02M 7.00M 9.5K 8.95M 78.23%
42 2019 Stephen Hoge, M.D. President 595.7K 396.0K 4.00M 9.5K 5.00M 79.98%
43 2019 Tal Zaks Chief Medical Office r 530.6K 293.2K 4.00M 8.6K 4.83M 82.77%
44 2019 Tal Zaks Chief Medical Officer 530.6K 293.2K 4.00M 8.6K 4.83M 82.77%
45 2019 Juan Andres Chief Technical Operations & Quality Officer 530.6K 322.5K 3.00M 9.5K 3.86M 77.67%
46 2019 Juan Andres Chief Technical Operations and Quality Officer 530.6K 322.5K 3.00M 9.5K 3.86M 77.67%
47 2019 Lorence Kim, M.D. Chief Financial Officer 560.4K 278.7K 2.50M 258.5K 3.60M 69.49%
48 2019 Lorence Kim, M.D. Former Chief Financial Officer 560.4K 278.7K 2.50M 258.5K 3.60M 69.49%
49 2018 Stéphane Bancel Chief Executive Officer 863.1K 1.80M 55.94M 9.6K 58.61M 95.44%
50 2018 John Mendlein, Ph.D., J.D. Former President, Corporate and Product Strategy 500.0K 400.0K 25.25M 8.5K 26.16M 96.53%
51 2018 Lorence Kim, M.D. Chief Financial Officer 542.8K 450.5K 7.82M 228.4K 9.04M 86.48%
52 2018 Lorence Kim, M.D. Former Chief Financial Officer 542.8K 450.5K 7.82M 228.4K 9.04M 86.48%
53 2018 Stephen Hoge, M.D. President 570.0K 629.2K 3.52M 9.6K 4.73M 74.42%
54 2017 Stephen Hoge, M.D. President 542.3K 4.40M 19.00M 9.7K 23.95M 79.33%
55 2017 Lorence Kim, M.D. Chief Financial Officer 521.2K 1.00M 5.47M 2.16M 166.6K 9.32M 81.88%
56 2017 Stéphane Bancel Chief Executive Officer 650.8K 1.50M 4.65M 10.4K 6.81M 68.26%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-03-16 DEFA14A
2026-03-16 DEF 14A
2025-10-20 DEFA14A
2025-10-15 DEF 14A
2025-10-03 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-11 8-K
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-08 4
2026-05-04 4
2026-05-04 4

Executive team

NameTitleCompensationGender
Stéphane Bancel Chief Executive Officer & Director 6M male
Stephen Hoge President 4M
Shannon Thyme Klinger Chief Legal Officer & Corporate Secretary 2M female
James Mock Chief Financial Officer 2M male
John Lepore Senior Vice President of Government Engagement
José Vega Chief Safety Officer
Lavina Talukdar Senior Vice President & Head of Investor Relations female
Melanie Ivarsson Chief Development Officer
Patrick Norman Bergstedt Senior Vice President of Commercial Vaccines male
Charbel Haber Senior Vice President & Head of Global Regulatory Science
Tracey Franklin Chief People & Digital Technology Officer female
Dave Johnson Chief Data & AI Officer male
ESG Rating
B
BIOTECHNOLOGY
2026
E (Environmental)
60.9 / 56.3
Company / Sector avg.
S (Social)
63.5 / 62.4
Company / Sector avg.
G (Governance)
52.4 / 60.9
Company / Sector avg.
ESG Total
58.9 / 59.9
Company / Sector avg.
ESG Score History BIOTECHNOLOGY
Benchmark vs Sector
Political Trading Activity (25M)
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity
Transaction Date Disclosed Representative District Owner Type Amount Link
2025-08-26 2025-09-12 Ro Khanna CA17 Sale $1,001 - $15,000
2025-07-25 2025-08-08 Ro Khanna CA17 Purchase $1,001 - $15,000
2025-04-08 2025-05-08 Rob Bresnahan PA08 Sale (Full) $1,001 - $15,000
2025-02-25 2025-03-28 Rob Bresnahan PA08 Purchase $1,001 - $15,000
2025-01-15 2025-02-12 Julie Johnson TX32 Joint Sale (Full) $1,001 - $15,000
2024-09-09 2024-10-08 Ro Khanna CA17 Sale $1,001 - $15,000
2024-09-09 2024-10-08 Ro Khanna CA17 Spouse Purchase $1,001 - $15,000
2024-03-20 2024-04-05 Ro Khanna CA17 Spouse Sale $1,001 - $15,000
2024-02-13 2024-03-06 Ro Khanna CA17 Spouse Purchase $1,001 - $15,000
2024-02-01 2024-03-07 Josh Gottheimer NJ05 Joint Sale (Full) $1,001 - $15,000
2024-01-10 2024-02-05 Ro Khanna CA17 Spouse Purchase $1,001 - $15,000
2023-11-03 2023-12-06 Ro Khanna CA17 Purchase $1,001 - $15,000
2023-10-02 2023-11-08 Ro Khanna CA17 Sale $1,001 - $15,000
2023-09-15 2023-10-15 Josh Gottheimer NJ05 Joint Sale $1,001 - $15,000
2023-08-29 2023-09-06 Ro Khanna CA17 Purchase $1,001 - $15,000
2023-08-03 2023-09-06 Ro Khanna CA17 Spouse Purchase $1,001 - $15,000
2023-07-28 2023-08-07 Ro Khanna CA17 Sale $1,001 - $15,000
2023-07-12 2023-08-13 Daniel Goldman NY10 Sale $50,001 - $100,000
2023-06-29 2023-07-11 Ro Khanna CA17 Spouse Sale $1,001 - $15,000
2023-05-23 2023-06-12 Ro Khanna CA17 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