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Benjamin Hohl, the Chief Financial Officer of Enliven Therapeutics, Inc. (NASDAQ:ELVN), a biotechnology company with a market capitalization of $1.07 billion, recently executed a series of stock transactions, as revealed in a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro data, the company maintains a "GOOD" overall financial health score. On February 5, Hohl sold 1,000 shares of common stock at an average price of $22.52, amounting to a total sale value of $22,524.
In addition to the sale, Hohl also exercised stock options to acquire 1,000 shares at a price of $2.48 per share, totaling $2,480. These transactions were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted in June 2023. Following these transactions, Hohl retains direct ownership of 13,000 shares of Enliven Therapeutics’ common stock. InvestingPro data shows the company holds more cash than debt on its balance sheet, with several additional insights available to subscribers.
In other recent news, Enliven Therapeutics has been garnering attention from several analyst firms due to its promising developments in cancer treatment. BTIG initiated coverage on Enliven Therapeutics with a Buy rating and a price target of $42.00, emphasizing the company’s focus on developing targeted tyrosine kinase inhibitors (TKIs) for cancer treatment. Clear Street also initiated coverage, assigning a Buy rating and setting a price target of $36.00, based on Enliven’s potential to differentiate itself in the chronic myeloid leukemia (CML) treatment market.
Baird maintained a positive outlook on Enliven Therapeutics, raising the stock’s price target to $40 from $32 while keeping an Outperform rating. This revision followed Enliven’s recent third-quarter 2024 results and promising data from their ongoing trials. The company’s ELVN-001 drug, under investigation for its effectiveness and safety in treating CML, has shown compelling results, with significant updates expected in 2025.
These recent developments underline the potential of Enliven Therapeutics’ innovative approach to cancer treatment. As the company continues to progress with its drug development programs, analysts from BTIG, Clear Street, and Baird all express confidence in its potential to meet unmet needs within large and lucrative markets.
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