Alumis Inc. Prices 17.65M Shares at $17 Each, Raising Approximately $300M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Source: Benzinga
- Expanded Financing: Alumis Inc. priced 17.65 million common shares at $17 each, raising approximately $300 million, which will provide crucial funding for its immune disease drug development and further propel the company's growth in the biotechnology sector.
- Analyst Rating Upgrades: Guggenheim analyst Yatin Suneja raised Alumis's price target from $18 to $32, while Morgan Stanley analyst Terence Flynn increased his target from $22 to $33, indicating strong market confidence in the company.
- Clear Strategic Use: Alumis plans to utilize the proceeds to advance the development of precision medicines targeting immune-driven disorders, with the offering expected to close on January 9, pending standard settlement conditions, thereby enhancing its competitive position in the market.
- Institutional Investor Interest: The larger offering size suggests strong interest from institutional buyers, and the underwriting syndicate holds a 30-day option to purchase an additional 2.65 million shares, potentially expanding total proceeds and reflecting optimistic market expectations for the company's future growth.
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Analyst Views on ALMS
Wall Street analysts forecast ALMS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALMS is 37.67 USD with a low forecast of 32.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 27.710
Low
32.00
Averages
37.67
High
50.00
Current: 27.710
Low
32.00
Averages
37.67
High
50.00
About ALMS
Alumis Inc. is a late-stage biopharmaceutical company. The Company is engaged in developing next-generation targeted therapies with the potential to significantly improve patient health and outcomes across a range of immune-mediated diseases. Leveraging its proprietary data analytics platform and precision approach, the Company is developing a pipeline of oral tyrosine kinase 2 (TYK2) inhibitors, consisting of ESK-001 for the treatment of systemic immune-mediated disorders, such as moderate-to-severe plaque psoriasis and systemic lupus erythematosus, and A-005 for the treatment of neuroinflammatory and neurodegenerative diseases such as multiple sclerosis and Parkinson’s Disease. In addition, its pipeline also includes lonigutamab, a subcutaneously delivered anti-insulin-like growth factor 1 receptor therapy for the treatment of thyroid eye disease, as well as several preclinical programs identified through this precision approach.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Alumis Director Srinivas Akkaraju Purchases 588,235 Shares for ~$10 Million
- Large Transaction: On January 9, 2026, Srinivas Akkaraju purchased 588,235 shares of Alumis at $17 per share for a total of approximately $10 million, marking one of the largest trades in his history and exceeding the historical median trade size by nearly 47%.
- Increased Indirect Holdings: Following this transaction, Akkaraju's indirect holdings rose to 1,853,488 shares, reflecting his confidence in Alumis's future growth, particularly as the company's stock has surged over 400% in the past year.
- Market Price Comparison: The acquisition price was below the market open of $18.50 and close of $19.56 on January 9, 2026, indicating a favorable entry point for Akkaraju ahead of subsequent price increases, suggesting expectations of further appreciation.
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