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Jacobs Levy Equity Management Inc. Sells 153,465 Shares of Acelyrin, Inc. (NASDAQ:SLRN)

Acelyrin logo with Medical background

Jacobs Levy Equity Management Inc. lowered its stake in Acelyrin, Inc. (NASDAQ:SLRN - Free Report) by 10.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,326,391 shares of the company's stock after selling 153,465 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.33% of Acelyrin worth $6,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC purchased a new position in Acelyrin during the third quarter worth about $50,000. Principal Financial Group Inc. acquired a new stake in shares of Acelyrin in the second quarter valued at about $49,000. SG Americas Securities LLC acquired a new stake in Acelyrin during the 2nd quarter valued at approximately $51,000. Nisa Investment Advisors LLC grew its stake in Acelyrin by 58,570.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,081 shares of the company's stock valued at $62,000 after purchasing an additional 14,057 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Acelyrin during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 87.31% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Piper Sandler cut their price target on Acelyrin from $68.00 to $20.00 and set an "overweight" rating on the stock in a report on Wednesday, August 14th. HC Wainwright lifted their target price on Acelyrin from $6.00 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Morgan Stanley cut their target price on Acelyrin from $13.00 to $6.00 and set an "equal weight" rating on the stock in a research note on Monday, August 19th. Finally, Wells Fargo & Company lifted their price target on Acelyrin from $13.00 to $15.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.40.

Get Our Latest Report on SLRN

Acelyrin Stock Performance

Shares of SLRN stock traded up $0.04 on Friday, reaching $4.25. 470,293 shares of the company's stock traded hands, compared to its average volume of 993,651. Acelyrin, Inc. has a 12-month low of $3.36 and a 12-month high of $8.89. The company has a market capitalization of $426.40 million, a P/E ratio of -1.73 and a beta of 1.61. The business's 50 day moving average price is $5.30 and its two-hundred day moving average price is $5.01.

About Acelyrin

(Free Report)

Acelyrin, Inc, a clinical biopharma company, focuses on identifying, acquiring, and accelerating the development and commercialization of transformative medicines. The company's lead product candidate is izokibep, a small protein therapeutic designed to inhibit IL-17A with high potency, which is in Phase 3 clinical trials for use in the treatment of Hidradenitis Suppurativa, Psoriatic Arthritis, and uveitis, as well as in Phase 2 clinical trials for use in the treatment of Axial Spondyloarthritis.

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Institutional Ownership by Quarter for Acelyrin (NASDAQ:SLRN)

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