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SALT LAKE CITY—Lindgardt Zhenya, the Chief Executive Officer of Sera Prognostics , Inc. (NASDAQ:SERA), recently sold 14,075 shares of the company's Class A common stock. The shares were sold at a weighted average price of $4.58, resulting in a total transaction value of $64,463. The transaction comes as the stock trades near its 52-week low of $3.84, according to InvestingPro data, with technical indicators suggesting oversold conditions.
The sale, which occurred on February 12, was part of a block trade with prices ranging from $4.14 to $5.09 per share. According to the filing, the transaction was not discretionary; it was conducted to cover tax withholding obligations related to the vesting of restricted stock units. With a market capitalization of $137.45 million and an overall Financial Health score of FAIR on InvestingPro, the company maintains strong liquidity with its current ratio at 2.11.
Following this transaction, Zhenya retains ownership of 779,459 shares in Sera Prognostics. Investors looking for deeper insights can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which includes 10+ additional ProTips and detailed analysis ahead of the company's next earnings report on March 19.
In other recent news, Sera Prognostics, a medical laboratory services provider, recently halted its "at-the-market" stock offering of up to $50 million of its Class A common stock, according to a recent SEC filing. The company retained the right to initiate a new offering after filing a new prospectus or prospectus supplement. Following this development, Sera Prognostics announced the initiation of a public offering of its Class A common stock and pre-funded warrants, with proceeds intended for various corporate purposes including expanding U.S. commercial operations and obtaining FDA approval for its PreTRM test.
In other recent developments, the Society for Maternal Fetal Medicine has published an abstract with topline results from the PRIME study conducted by Sera Prognostics. The study focuses on improving neonatal outcomes through prematurity risk assessment combined with clinical interventions. A more detailed presentation of the study's results is expected later this month, followed by a conference call and live audio webcast hosted by Sera Prognostics for a more in-depth discussion of the PRIME study's outcomes.
These recent developments reflect Sera Prognostics' continued efforts in capital raising and research to improve maternal and neonatal health through its diagnostic tests. As the company navigates the highly specialized field of medical diagnostics, these developments provide insight into its financing strategies and market activities.
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