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SAN DIEGO—Prante Gerhard, a director at Cibus, Inc. (NASDAQ:CBUS), has sold 1,150 shares of the company’s Class A Common Stock, according to a recent SEC filing. The sale comes as the stock trades near its 52-week low of $2.17, having declined over 86% in the past year. According to InvestingPro analysis, analysts have set price targets ranging from $4 to $25 for the stock. The transaction, which took place on February 10, 2025, was executed automatically as part of a Rule 10b5-1 trading plan that Gerhard adopted in August 2024. The shares were sold at a price of $2.52 each, totaling $2,898. Following this sale, Gerhard holds 20,357 shares of Cibus stock, which currently has a market capitalization of $85.1 million. InvestingPro subscribers have access to 13 additional key insights and a comprehensive research report about Cibus, helping investors make more informed decisions.
In other recent news, Cibus Inc. has been the focus of several notable developments. Canaccord Genuity analysts recently adjusted their outlook on Cibus, lowering the stock’s price target from $20.00 to $18.00, while maintaining a Buy rating. This follows Cibus’s announcement of a direct stock offering aimed at raising approximately $22.6 million for the advancement of its gene-edited plant productivity traits and further development of its soybean platform.
In addition, Cibus’s Board of Directors approved a new base salary of $320,000 for executive Carlo Broos, as disclosed in a recent filing with the Securities and Exchange Commission. The specifics of the increase or any additional incentives were not detailed in the filing.
Jefferies also adjusted its price target for Cibus, reducing it to $5.00 from the previous $8.00, but maintained its Hold rating. The firm noted that Cibus’s path to reaching free cash flow breakeven hinges on the successful development of either a soy or wheat trait, or the ability to get its product across 2 to 5 million acres. These recent developments underscore the ongoing evolution of Cibus’s operations and strategic direction.
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