On December 2, 2024, Mark Hahn, the Chief Financial Officer of a branch of Verona Pharma PLC, executed a sale of 113,240 shares of Verona Pharma PLC (VRNA, Financial). Following this transaction, the insider now holds 14,175,696 shares of the company. The details of this transaction can be found in the SEC Filing. Verona Pharma PLC is a clinical-stage biopharmaceutical company focused on developing and commercializing innovative therapies for the treatment of respiratory diseases with significant unmet medical needs. The company's lead product candidate, ensifentrine, is a first-in-class dual inhibitor of the enzymes phosphodiesterase 3 and 4, which is being developed for the treatment of chronic obstructive pulmonary disease (COPD) and other respiratory conditions. The insider transaction history for Verona Pharma PLC indicates a trend of more insider sells than buys over the past year. Specifically, there have been 19 insider sells compared to 4 insider buys. This recent sale by Mark Hahn is part of a broader pattern of insider activity within the company.
Over the past year, Mark Hahn has sold a total of 1,918,040 shares and has not purchased any shares. This activity reflects a consistent pattern of divestment by the insider. As of the date of the transaction, shares of Verona Pharma PLC were trading at $5.01 each, resulting in a market cap of $3.2 billion. Investors may consider this information in the context of the company's valuation metrics, such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow.This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.