Enliven Therapeutics CSO sells $278k in shares

Published 24/07/2025, 00:00
Enliven Therapeutics CSO sells $278k in shares

Joseph P Lyssikatos, Chief Scientific Officer of Enliven Therapeutics, Inc. (NASDAQ:ELVN), a $1.31 billion market cap biotechnology company, sold a total of 12,500 shares of common stock on July 21, 2025, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro data, the stock has shown strong momentum recently, trading at $22.35, near its 52-week range of $13.30-$30.03.

The sales were executed in multiple trades with prices ranging from $21.81 to $23.025, resulting in a total value of $278645. Specifically, 11,924 shares were sold at a weighted average price of $22.2625, and 576 shares were sold at a weighted average price of $22.8954. Analysts maintain a strong buy consensus on the stock, with price targets ranging from $33 to $52.

The shares are held by The Lyssikatos Revocable Trust 12/15/2011, for which Lyssikatos serves as trustee. Following the transactions, Lyssikatos indirectly owns 952688 shares of Enliven Therapeutics. The sales were conducted under a Rule 10b5-1 trading plan adopted on November 15, 2024. For comprehensive insider trading analysis and additional financial insights, including 6 more exclusive ProTips, visit InvestingPro.

In other recent news, Enliven Therapeutics has made several notable announcements. The company has priced its $200 million public offering, consisting of 8,394,737 shares of common stock at $19.66 per share, along with pre-funded warrants to purchase up to 1,780,263 shares. This offering is part of Enliven Therapeutics’ broader strategy to raise capital, with an additional option for underwriters to purchase up to $30 million more in common stock. On the research front, H.C. Wainwright raised its price target for Enliven Therapeutics to $48, maintaining a Buy rating following updated results from the Phase 1a/1b ENABLE trial for their drug ELVN-001. TD Cowen also reiterated its Buy rating, emphasizing the drug’s strong market potential and positive data. Goldman Sachs initiated coverage with a Buy rating and a $37 price target, citing favorable Phase 1 data for the same treatment. These developments highlight the growing interest and confidence in Enliven Therapeutics’ lead drug candidate for chronic myeloid leukemia.

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