Insider Selling: Aileron Therapeutics Inc (ALRN) Major Shareholder Sells $1,470,000.00 in Stock

Aileron Therapeutics Inc (NASDAQ:ALRN) major shareholder Apple Tree Partners Ii Lp sold 150,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $9.80, for a total transaction of $1,470,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Aileron Therapeutics Inc (NASDAQ:ALRN) opened at $9.69 on Friday. Aileron Therapeutics Inc has a 12 month low of $8.77 and a 12 month high of $15.48.

Separately, Zacks Investment Research raised shares of Aileron Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.33.

A number of hedge funds and other institutional investors have recently modified their holdings of ALRN. California State Teachers Retirement System acquired a new stake in Aileron Therapeutics in the 3rd quarter valued at about $110,000. Vanguard Group Inc. acquired a new stake in Aileron Therapeutics in the 2nd quarter valued at about $111,000. Tudor Investment Corp ET AL acquired a new stake in Aileron Therapeutics in the 2nd quarter valued at about $112,000. Bank of New York Mellon Corp acquired a new stake in Aileron Therapeutics in the 3rd quarter valued at about $135,000. Finally, Citadel Advisors LLC acquired a new stake in Aileron Therapeutics in the 2nd quarter valued at about $141,000. 7.64% of the stock is currently owned by hedge funds and other institutional investors.

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About Aileron Therapeutics

Aileron Therapeutics, Inc is a United States-based clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing a class of therapeutics called stapled peptides. It is also developing a pipeline of stapled peptide drugs across a range of therapeutic areas, including cancer, endocrine and metabolic diseases and inflammation.

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