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Kurt A. Gustafson, Executive Vice President, Finance and CFO of OmniAb, Inc. (NASDAQ:OABI), recently executed a series of stock transactions. On February 19, Gustafson sold 7,255 shares of common stock at an average price of $3.67 per share, totaling $26,625. This sale was part of a "sell-to-cover" transaction to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The transaction occurred as InvestingPro data shows OmniAb trading at $3.67, with analyst targets ranging from $7 to $12, suggesting potential upside. The company maintains strong liquidity with a current ratio of 4.62.
Earlier, on February 16, Gustafson acquired 13,541 shares of common stock through the vesting of RSUs, which were converted at no cost. Following these transactions, Gustafson holds 206,211 shares of OmniAb common stock directly. According to InvestingPro analysis, OmniAb operates with moderate debt levels and maintains strong financial health, with 5 analysts recently revising earnings estimates upward. Get access to 8 more exclusive InvestingPro Tips and comprehensive financial analysis for smarter investment decisions.
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