Cogent Biosciences' CLO Sells 65,000 Shares for $2.52 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 11 2026
0mins
Source: Fool
- Reduction in Holdings: Evan Kearns, the Chief Legal Officer of Cogent Biosciences, sold 65,000 shares for $2.52 million, reducing his direct ownership by 37.27% to 109,398 shares, significantly lowering his direct exposure to the company's equity.
- Market Reaction: This transaction occurred after Cogent's stock surged following a public offering announcement in November, reflecting strong momentum in financing and clinical progress, although Kearns' sale may trigger short-term market fluctuations.
- Transaction Context: Kearns' sale is the only recorded open-market transaction, with all shares sold being directly held, indicating no involvement of derivatives or indirect interests, suggesting sustained confidence in the company's future.
- Investor Focus: While Kearns' sale may be viewed as insider liquidity, Cogent's long-term value will ultimately hinge on clinical execution and regulatory advancements rather than a single sale event.
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Analyst Views on COGT
Wall Street analysts forecast COGT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COGT is 48.70 USD with a low forecast of 34.00 USD and a high forecast of 67.00 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.
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 38.360
Low
34.00
Averages
48.70
High
67.00
Current: 38.360
Low
34.00
Averages
48.70
High
67.00
About COGT
Cogent Biosciences, Inc. is a biotechnology company. The Company is focused on developing precision therapies for genetically defined diseases. The Company’s clinical program, bezuclastinib, is a selective tyrosine kinase inhibitor that is designed to potently inhibit the KIT D816V mutation as well as other mutations in KIT exon 17. KIT D816V is responsible for driving systemic mastocytosis, a serious disease caused by unchecked proliferation of mast cells. In addition to bezuclastinib, the Company is developing a portfolio of novel targeted therapies to help patients fighting serious, genetically driven diseases initially targeting mutations in FGFR2, ErbB2 and PI3Kα. SUMMIT is its randomized, global, multicenter, double-blind, placebo-controlled, multi-part Phase II clinical trial for patients with Non-AdvSM. APEX is an open-label, global, multicenter study evaluating the safety, efficacy, pharmacokinetic, and pharmacodynamic profiles of bezuclastinib.
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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