Thursday, 18 April 2024

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Atreca director Serafini Tito sells over $1,400 in stock to cover taxes By

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Atreca, Inc. (NASDAQ:OTC:) Director Tito Serafini has recently sold shares in the company, according to a new SEC filing. The transaction involved the sale of 20,788 shares of Class A Common Stock at a price of $0.07 per share, totaling approximately $1,455. This sale was not a discretionary trade; rather, it was carried out automatically to cover tax withholding obligations related to the vesting of restricted stock units.

The filing indicates that after the sale, Serafini still holds a significant number of shares in Atreca. Directly, he owns 43,636 shares. Additionally, indirect holdings through trusts are substantial, with the Serafini/Postner Irrevocable Remainder Trust and the Serafini/Postner Revocable Trust holding 50,000 and 228,875 shares, respectively.

Investors often monitor insider transactions as they can provide insights into executives’ perspectives on the company’s current valuation and future prospects. In this case, the sale was for tax purposes, which is a common reason for insiders to sell shares and does not necessarily reflect on the company’s performance or outlook.

The transaction was completed on April 1, 2024, with the filing made public on April 3, 2024. Atreca, headquartered in San Carlos, California, operates in the pharmaceutical preparations industry and is incorporated in Delaware.

For those following Atreca’s insider activities, the recent filing provides the latest snapshot of stock ownership distribution among company executives and can be an important piece of information for making investment decisions.

InvestingPro Insights

Atreca, Inc. (NASDAQ:BCEL) has been navigating a challenging market environment, as reflected in the company’s latest metrics and analyst insights. With a market capitalization of just $2.77 million, Atreca is considered a small-cap company, which can often mean higher volatility in stock price movements. This is supported by an InvestingPro Tip, which notes that Atreca’s stock generally trades with high price volatility.

InvestingPro Data also reveals that the company’s Price / Book ratio as of the last twelve months ending Q3 2023 stands at a low 0.26, suggesting that the stock may be undervalued compared to the company’s book value. However, this metric alone does not paint the full picture, as Atreca has been struggling with its financials, showing a significant Return on Assets of -98.54% over the same period.

Moreover, an important InvestingPro Tip for potential investors is the observation…

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