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David R. Horn, the President and Chief Financial Officer of Seer, Inc. (NASDAQ:SEER), recently sold a portion of his holdings in the company. According to a recent SEC filing, Horn sold 3,550 shares of Seer’s Class A Common Stock at an average price of $2.2365 per share, amounting to a total transaction value of $7,939. The transaction comes as Seer’s stock has shown significant momentum, gaining over 28% in the past six months, though with notable volatility according to InvestingPro data. This sale was conducted to meet tax obligations related to the vesting of restricted stock units. Following the transaction, Horn retains ownership of 476,961 shares in the company. With a current market capitalization of $135.33 million and a strong liquidity position reflected in its 18.36 current ratio, InvestingPro analysis suggests the stock is currently trading below its Fair Value. For deeper insights into Seer’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
"In other recent news, Seer, Inc. reported its financial results for the third quarter of 2024. The earnings call, conducted by CEO Omid Farokhzad and CFO David Horn, included forward-looking statements and a discussion of risks. These statements and projections, valid as of November 6, 2024, highlighted the company’s performance and future expectations. However, the management also acknowledged material risks that could impact future results. Despite these potential challenges, the forward-looking statements suggested optimism for Seer, Inc.’s future performance. No specific financial misses were mentioned during the call. These recent developments underline the company’s commitment to transparency and regulatory compliance, keeping investors informed of both potential and challenges ahead.
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