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Matthew W. Foehr, President and CEO of OmniAb, Inc. (NASDAQ:OABI), recently executed transactions involving the company’s stock. On February 18 and 19, Foehr sold a total of 33,486 shares of OmniAb common stock, generating proceeds of approximately $123,033. The sales were conducted at an average price range between $3.67 and $3.68 per share. According to InvestingPro data, the stock currently trades near its Fair Value, with analyst price targets ranging from $7 to $12, suggesting potential upside.
These transactions were part of a broader series of activities involving stock options and restricted stock units. On February 15 and 16, Foehr acquired 62,007 shares through the vesting of restricted stock units, although these acquisitions did not involve any cash transaction. The company maintains a strong financial position with a current ratio of 4.62, indicating healthy liquidity.
The sales were mandated by OmniAb’s equity incentive plans to cover tax obligations related to the vesting of these restricted stock units, and were not discretionary trades by Foehr. Following these transactions, Foehr holds a significant position in OmniAb, with 3,779,160 shares owned directly. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access detailed reports covering 1,400+ US stocks, including OmniAb.
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