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Christian Henry, a director at Wave Life Sciences Ltd . (NASDAQ:WVE), executed a series of transactions involving the company’s ordinary shares on March 20, 2025. Henry sold 10,500 shares, resulting in a total sale value of $102,574. The shares were sold at a weighted-average price ranging from $9.69 to $9.88 per share. The transaction comes as Wave Life Sciences, currently valued at $1.47 billion, has seen its stock surge 66% over the past year and nearly 69% in the last six months.
In addition to the sale, Henry exercised share options to acquire 10,500 ordinary shares at a price of $9.13 per share. This exercise was conducted under a Rule 10b5-1 trading plan, which was adopted in late November 2024. Following these transactions, Henry’s direct ownership in Wave Life Sciences stands at 16,115 shares.
The transactions highlight Henry’s ongoing involvement with the company, as well as the strategic use of pre-planned trading arrangements to manage his holdings.
In other recent news, Wave Life Sciences reported a significant financial turnaround in their fourth quarter of 2024, achieving an earnings per share (EPS) of $0.17, which surpassed the forecasted loss of $0.17. The company also reported revenues of $83.7 million, far exceeding the expected $20.72 million. Analyst firms have expressed optimism about Wave Life Sciences’ future, with Jones Trading maintaining a Buy rating and a $20 price target, H.C. Wainwright reaffirming a Buy rating with a $22 target, and Truist Securities maintaining a Buy rating with a $36 target. JPMorgan also raised its price target for the company from $20 to $21, maintaining an Overweight rating. Analysts have highlighted the company’s diverse pipeline, including promising developments in RNA editing and obesity treatment trials, which are expected to yield significant results by the second half of 2025. Additionally, Wave Life Sciences’ collaboration with GlaxoSmithKline (NYSE:GSK) on clinical development costs for Alpha-1 Antitrypsin Deficiency (AATD) is considered a strategic advantage. These recent developments reflect growing confidence in Wave Life Sciences’ potential within the biotechnology sector.
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