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Martina Flammer, M.D., Chief Medical (TASE:PMCN) Officer of Insmed Inc. (NASDAQ:INSM), recently sold a significant portion of the company’s stock according to a new SEC filing. The transactions, executed on February 10, 2025, were carried out under a prearranged 10b5-1 trading plan. The sale comes as Insmed’s stock trades near its 52-week high of $82.04, having delivered an impressive 187% return over the past year, according to InvestingPro data.
Dr. Flammer sold a total of 38,828 shares of Insmed common stock. The shares were sold at prices ranging from $77.02 to $79.33, generating total proceeds of approximately $2.97 million. Following these transactions, Dr. Flammer retains ownership of 100,165 shares in the company. With a market capitalization of $14.24 billion, analysts maintain a strong buy consensus on the stock, with price targets ranging from $67.26 to $105 per share.
The sales were executed in three separate transactions: 9,729 shares at an average price of $77.02, 5,089 shares at an average price of $78.36, and 23,010 shares at an average price of $79.33. Each of these sales was conducted as part of a planned trading strategy, complying with Rule 10b5-1 of the Securities Exchange Act. InvestingPro analysis suggests the stock is slightly overvalued at current levels, with 12 additional exclusive insights available to subscribers, including detailed financial health metrics and growth projections.
In other recent news, Insmed Incorporated has been the subject of several noteworthy developments. Stifel analysts maintained their Buy rating on Insmed and raised the stock target to $97, driven by anticipated significant clinical developments and a clear regulatory path for the potential third-quarter 2025 launch of brensocatib. In parallel, the U.S. Food and Drug Administration (FDA) has granted Priority Review status to the New Drug Application (NDA) for brensocatib, a potential treatment for non-cystic fibrosis bronchiectasis.
Additionally, Truist Securities has maintained a Buy rating on Insmed, with a steady price target of $105. This outlook is underpinned by Insmed’s robust pipeline and several upcoming catalysts expected to significantly impact the company within the next 12 to 18 months. Furthermore, Insmed reported preliminary sales of its drug Arikayce for the fiscal year 2024, surpassing both the company’s own guidance and the FactSet consensus estimate.
However, Insmed has also ended a significant sales agreement with Leerink Partners LLC. The termination of this agreement, which had allowed Insmed to sell up to $500 million of its common stock, was effective immediately and will not result in any penalties for the company. These recent developments reflect the ongoing activities and strategic decisions within Insmed as it continues to advance its drug pipeline and navigate the financial aspects of its operations.
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