Director at $OLMA sells 3,086 shares in insider sale

Director at $OLMA, Cyrus Harmon, recently made headlines after selling 3,086 shares of the company for approximately $25,675. This move was reported following a recent SEC filing, indicating that it represented about 2.6% of their total shares of this class of stock. After the sale, Harmon still retains ownership of 117,028 shares of this class of $OLMA stock.

Insider trading activities within $OLMA have been fairly active, with insiders engaging in trades on the open market four times within the past six months. Out of these transactions, there have been no purchases and four sales. Cyrus Harmon, specifically, has conducted four sales, amounting to a total of 25,000 shares sold for an estimated $204,840.

Switching gears to hedge fund activity around $OLMA, there have been significant moves by institutional investors. Notably, 71 institutional investors have added shares of $OLMA to their portfolio, while 93 have decreased their positions in the most recent quarter. Among the notable actions, JANUS HENDERSON GROUP PLC added a staggering 3,022,784 shares, WOODLINE PARTNERS LP increased their holdings by 137.2% with 2,027,986 shares, and AVORO CAPITAL ADVISORS LLC removed all 1,651,982 shares from their portfolio in the first quarter of 2025.

Analysts on Wall Street have also been weighing in on the outlook for $OLMA. In recent months, five firms have issued buy ratings on the stock, with no sell ratings. Some of the most recent analyst ratings include Oppenheimer’s “Outperform” rating, Citigroup’s “Buy” rating, and Goldman Sachs’ “Buy” rating, reflecting positive sentiments toward the stock.

Looking at the price targets set by multiple analysts, $OLMA has received varying forecasts in the last six months. With a median target of $22.0, analysts have offered price targets ranging from $18.0 to $30.0. Notable forecasts include Matthew Biegler from Oppenheimer setting a target price of $22.0, Anupam Rama from JP Morgan at $29.0, and Yigal Nochomovitz from Citigroup at $21.0.

In conclusion, the recent insider sale of shares by Director Cyrus Harmon, coupled with active hedge fund activity and positive analyst ratings, provides an insight into the dynamics surrounding $OLMA. As always, it’s essential for investors to conduct their research and due diligence before making any investment decisions.