Nvidia among investors in xAI’s $20 bln capital raise- Bloomberg
Neil Lindsay Berkley, Principal Financial Officer at Alector, Inc. (NASDAQ:ALEC), sold 15,842 shares of common stock on September 2, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as the $284 million biotech company’s stock has surged nearly 92% over the past six months, with InvestingPro analysis indicating overbought conditions.
The shares were sold at a weighted average price of $2.4968, for a total value of $39,554. Prices for the sales ranged from $2.30 to $2.59. The sale was executed to cover tax obligations related to the vesting of restricted stock units. Following the transaction, Berkley directly owns 346,570 shares of Alector. InvestingPro analysis reveals the company’s concerning cash burn rate, though it maintains more cash than debt on its balance sheet. Get deeper insights into insider trading patterns and 15+ additional ProTips with an InvestingPro subscription.
In other recent news, Alector Inc . reported its second-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of -$0.30, outperforming the forecasted -$0.47, which marks a surprise of 36.17%. Additionally, Alector’s revenue reached $7.9 million, significantly exceeding the anticipated $4.7 million, resulting in a 68.09% surprise. These results highlight the company’s stronger-than-expected financial performance during this period. The earnings announcement is a key development for investors, as it provides insight into Alector’s recent financial health. Although the stock price movement is not the focus, the earnings results are crucial for assessing the company’s trajectory. Analyst firms have yet to provide further updates regarding potential upgrades or downgrades following these earnings results.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.