Corporate Insiders Are Selling These 5 Small-Cap Stocks

Page 5 of 5

1. Mirum Pharmaceuticals Inc (NASDAQ:MIRM)

Number of Hedge Fund Investors: 33

California-based Mirum Pharmaceuticals Inc (NASDAQ:MIRM) works on treatments for rare diseases. Mirum Pharmaceuticals Inc’s (NASDAQ:MIRM) Chief Operating Officer Peter Radovich on March 25 sold 4,303 shares of Mirum Pharmaceuticals Inc (NASDAQ:MIRM) for $25.80 per share. Since this transaction the stock price has lost about 4.7% in value.

ClearBridge Small Cap Growth Strategy stated the following regarding Mirum Pharmaceuticals, Inc. (NASDAQ:MIRM) in its fourth quarter 2023 investor letter:

“In the fourth quarter we initiated four new investments: Inari Medical, Blackbaud, Mirum Pharmaceuticals, Inc. (NASDAQ:MIRM) and Installed Building Products. Mirum Pharmaceuticals is a commercial stage pharmaceutical company primarily treating rare liver conditions, often in pediatric patients. With multiple approved marketed products across different indications, the company is already operating near cash[1]flow breakeven. Mirum is pursuing label indication expansions across two of its marketed products that could be materially additive to the growth trajectory, along with two promising Phase 2 candidates designed to treat several adult rare liver diseases.”

Should you invest $1,000 in Mirum Pharma right now?

Before you buy stock in MIRM, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and MIRM wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

Quarterly Newsletter is your easy-to-follow blueprint for building a winning portfolio.  It includes stock picks from billionaires, regular updates from hedge fund investor letters, and 14 fresh stock picks each quarter. The Quarterly Newsletter service has more than doubled the return of S&P 500 since 2014.

See the 14 stocks

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Billionaire Investor Stan Druckenmiller and Insiders Are Piling Into These 11 Stocks and the 10 Mining Stocks with Heavy Insider Buying in 2024.

Page 5 of 5