Foresite Capital Management V, Acquires 140,000 Shares of Latigo Biotherapeutics (NASDAQ:LTGO) Stock

Key Points

  • Foresite Capital Management V purchased 140,000 Latigo Biotherapeutics shares at $18.00 each, for a total investment of $2.52 million.
  • Following the transaction, Foresite owned 2,008,024 shares valued at approximately $36.14 million, representing a 7.49% increase in its ownership.
  • Latigo shares opened at $18.56, compared with a 52-week range of $17.22 to $22.47. The purchase was disclosed in an SEC filing.

Latigo Biotherapeutics, Inc. (NASDAQ:LTGO - Get Free Report) major shareholder Foresite Capital Management V, purchased 140,000 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $18.00 per share, with a total value of $2,520,000.00. Following the completion of the purchase, the insider owned 2,008,024 shares in the company, valued at $36,144,432. This represents a 7.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Latigo Biotherapeutics Price Performance

Shares of NASDAQ LTGO opened at $18.56 on Tuesday. Latigo Biotherapeutics, Inc. has a 1 year low of $17.22 and a 1 year high of $22.47.

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