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Richard Giroux, Chief Financial Officer and Chief Operating Officer of MeiraGTx Holdings plc (NASDAQ:MGTX), sold 24,000 ordinary shares of the company on October 21, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as MGTX trades near its 52-week high of $8.98, with the stock up over 27% year-to-date.
The shares were sold at a weighted average price of $8.87, with individual sales prices ranging from $8.65 to $9.06. The total value of the shares sold amounted to $212,879. With a market capitalization of $743 million, the company currently shows a WEAK financial health score according to InvestingPro metrics.
Following the transaction, Giroux directly owns 829,494 ordinary shares. In addition, he indirectly owns 5,152 shares through his spouse and 85,000 shares through Aigle Healthcare Partners III LLC.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 29, 2024.
In other recent news, Raymond James has initiated coverage on MeiraGTx Holdings plc with a Strong Buy rating and set a price target of $29. The firm highlighted MeiraGTx’s fully integrated manufacturing platform and unique vector constructs as significant strengths. Additionally, Raymond James noted the company’s full ownership of two major commercial opportunities addressing significant unmet needs. These factors contribute to the firm’s positive outlook on MeiraGTx. The coverage initiation suggests confidence in the company’s potential for growth. This development comes as part of recent updates surrounding MeiraGTx.
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