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Chief Scientific Officer Joshua Hare Acquires 148,936 Shares of Longeveron Inc (LGVN)

GuruFocus Research
·1-min read

Longeveron Inc (NASDAQ:LGVN), a biotechnology company specializing in the development of cellular therapies for aging-related and life-threatening conditions, has reported an insider purchase by a high-level executive. Joshua Hare, the Chief Scientific Officer and 10% Owner of Longeveron Inc, bought 148,936 shares of the company on April 11, 2024, according to a recent SEC Filing.The transaction history of the insider over the past year indicates a strong confidence in the company, with Joshua Hare purchasing a total of 148,936 shares and not selling any shares.The insider trends for Longeveron Inc show a positive sentiment among insiders, with 6 insider buys and only 1 insider sell over the past year.On the valuation front, Longeveron Inc shares were trading at $2.35 on the day of the insider's recent purchase, giving the company a market cap of $5.365 million.The stock's price-to-GF-Value ratio stands at 0.16, with a GuruFocus Value of $14.69, indicating that the stock is currently categorized as a Possible Value Trap, Think Twice based on its GF Value.The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's historical performance, and future business performance estimates provided by Morningstar analysts.

Chief Scientific Officer Joshua Hare Acquires 148,936 Shares of Longeveron Inc (LGVN)
Chief Scientific Officer Joshua Hare Acquires 148,936 Shares of Longeveron Inc (LGVN)
Chief Scientific Officer Joshua Hare Acquires 148,936 Shares of Longeveron Inc (LGVN)
Chief Scientific Officer Joshua Hare Acquires 148,936 Shares of Longeveron Inc (LGVN)
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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.