On September 30, 2024, Michael Hitchcock, Director at Biomea Fusion Inc (BMEA, Financial), purchased 10,000 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's holdings to 15,000 shares.
Biomea Fusion Inc (BMEA, Financial) is a company focused on the development of covalent small molecules to treat various diseases, including cancer. The insider's purchase is part of a broader trend where there have been 2 insider buys and 0 insider sells over the past year.
Shares of Biomea Fusion Inc were priced at $10.06 on the day of the transaction. The company currently has a market cap of $344 million. Other valuation metrics of the company include the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.
Insider buying can be an indicator of a company's future potential as seen by its own directors and executives. It is often considered a positive sign when insiders purchase shares in the company they manage.
For more detailed value assessment, refer to the GF Value of Biomea Fusion Inc (BMEA, Financial).
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