SAN DIEGO—Prante Gerhard, a director at Cibus, Inc. (NASDAQ:CBUS), sold 1,150 shares of Class A Common Stock on December 12, 2024, according to a recent SEC filing. The transaction comes as InvestingPro analysis shows the stock trading below its Fair Value, despite experiencing significant volatility over the past year with a 72% decline. The shares were sold at an average price of $4.08, amounting to a total transaction value of $4,692. Following the sale, Gerhard retains 57,157 shares in the company. This transaction was conducted automatically under a Rule 10b5-1 trading plan, which Gerhard adopted on August 16, 2024. For deeper insights into insider trading patterns and 10+ additional ProTips about CBUS, including detailed financial health metrics, visit InvestingPro, where you'll find comprehensive Pro Research Reports covering 1,400+ US stocks.
In other recent news, Cibus Inc. has reported significant strides in its operations despite a net loss of $201.5 million. The company has announced a new base salary for executive Carlo Broos, set at $320,000, as revealed in a recent filing with the Securities and Exchange Commission. Cibus, experiencing a revenue growth of over 440% in the past year, has developed its Trait Machine process and established partnerships with major seed companies. The company anticipates earning $200 million annually in royalties from rice traits in the U.S. and an additional $150 million from expansion into Asian markets. Jefferies, however, has adjusted its price target for Cibus, reducing it to $5.00 from the previous $8.00, while maintaining a Hold rating on the stock. These recent developments reflect Cibus's ongoing efforts to enhance agricultural productivity and sustainability through gene editing.
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