In a recent transaction on March 13, John B. Henneman III, a director of Aprea Therapeutics, Inc. (NASDAQ:APRE), purchased 6,860 shares of the company's common stock. The transaction, carried out at a price of $7.29 per share, amounted to a total investment of $50,009.
Aprea Therapeutics, based in Doylestown, Pennsylvania, operates within the pharmaceutical industry, focusing on developing novel cancer therapies. The company's stock, traded under the symbol APRE, has witnessed this latest acquisition by one of its directors, which could signal confidence in the company's future prospects.
The transaction did not involve any derivative securities, and the total transaction value for non-derivative securities was $50,009 at the price mentioned. It's noteworthy that the purchase price for the Tranche A and Tranche B Warrants is included in the purchase price for the shares of common stock.
The director's purchase has increased his holdings to 8,139 shares of common stock following the transaction. Aprea Therapeutics has not made any additional comments regarding the transaction.
Investors often keep an eye on insider buying as it may indicate the executives' belief in the company's potential growth or undervaluation. However, it is important to consider a broader range of factors when evaluating the significance of insider transactions.
For those interested in following the company's progress, Aprea Therapeutics' financial reports and future insider transactions will be available for public review as required by SEC regulations.
InvestingPro Insights
Following the insider purchase by director John B. Henneman III, investors may look to additional data to assess Aprea Therapeutics' (NASDAQ:APRE) financial health and market performance. Real-time metrics from InvestingPro shed light on the company's current standing:
- The company's market capitalization stands at a modest 20.29 million USD, reflecting its size within the pharmaceutical industry.
- Aprea's Price to Earnings (P/E) ratio is currently negative at -1.35, indicating that the company is not generating profits based on its latest earnings report.
- Over the past week, Aprea's stock price has experienced a significant decline, with a -25.53% total return, which contrasts the director's recent investment move.
InvestingPro Tips provide additional context for potential investors:
- Aprea Therapeutics holds more cash than debt on its balance sheet, which may offer some financial stability despite its current lack of profitability.
- The company has seen a large price uptick over the last six months, with a 32.75% total return, suggesting a volatile but potentially rewarding investment for those who entered at the right time.
While the insider purchase might hint at optimism from the company's director, Aprea Therapeutics is not expected to be profitable this year, according to analysts. Moreover, the company is quickly burning through its cash reserves, which is an important consideration for investors. For a comprehensive understanding of Aprea Therapeutics' financials and market performance, there are 9 additional InvestingPro Tips available at InvestingPro. Interested investors can also take advantage of an exclusive offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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