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Director John L. Higgins of OmniAb, Inc. (NASDAQ:OABI) has recently purchased shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. This insider buying comes as the stock has fallen nearly 70% over the past year, according to InvestingPro data.
On November 6, 2025, Higgins acquired 36,223 shares of OmniAb at prices ranging from $1.38 to $1.45, for a total value of $51,074.645. The following day, November 7, 2025, he purchased an additional 41,038 shares at prices ranging from $1.33 to $1.39, for a total value of $56,642.84. The total value of the purchases amounted to $107,706. These purchases were made near the stock’s 52-week low of $1.22, with InvestingPro analysis suggesting the stock is currently undervalued.
Following these transactions, Higgins directly owns 2,929,148 shares of OmniAb, Inc. common stock. The company, with a market cap of approximately $199 million, is set to report earnings in just three days on November 13. While OmniAb holds more cash than debt and maintains a strong current ratio of 5.0, InvestingPro identifies that the company is quickly burning through cash and is not currently profitable. Investors can access the comprehensive Pro Research Report and 7 additional ProTips for OABI through InvestingPro.
In other recent news, OmniAb Inc. reported a decrease in revenue for the third quarter, with figures falling to $2.2 million from $4.2 million in the same period last year. The company also announced a net loss of $16.5 million, which translates to a loss of $0.14 per share. These earnings results come amid a backdrop of strategic initiatives that the company is pursuing. Despite the revenue decline, investor sentiment appeared positive, as reflected in the aftermarket trading. Analysts have not indicated any changes in their ratings for OmniAb following these results. The company’s management has not provided any additional comments on potential mergers or acquisitions. These developments are part of the company’s ongoing efforts to navigate the current market environment.
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