Stock Fundamentals

Company Information

Company Name
Aerovate Therapeutics Inc
Sector
Healthcare
Industry
Biotechnology
Exchange
NASDAQ
ISIN: US0080641071
CIK: 0001798749
CUSIP: 008064107
Currency: USD
Full Time Employees: 4
Phone: 617 443 2400
Fiscal Year End: December
IPO Date: Jun 30, 2021
Description:

Aerovate Therapeutics, Inc., a biopharmaceutical company, engages in the treatment of pulmonary arterial hypertension in the United States. Aerovate Therapeutics, Inc., was incorporated in 2018 and is headquartered in Waltham, Massachusetts.

Address:

930 Winter Street, Waltham, MA, United States, 02451

Directors & Officers

Name Title Year Born
Mr. Timothy P. Noyes M.B.A. CEO & Director 1962
Mr. George A. Eldridge CFO & Treasurer 1963
Dr. Benjamin T. Dake Ph.D. Founder, President, COO & Secretary 1976
Dr. Ralph W. Niven M.B.A., M.R, Ph.D., Pharm.S Chief Scientific Officer 1960
Mr. Hunter Gillies M.D. Chief Medical Officer 1966
Ms. Donna Dea Head of Regulatory Affairs NA
Ms. Susan Fischer Executive Vice President of Development Operations NA
Mr. Stephen K. Yu Senior Vice President of Quality NA
Dr. Sanjeev Khindri Executive Vice President of Clinical Development NA
Dr. Cheryl Lassen BSc., M.D., MBBCh Senior Vice President of Clinical Development NA

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
RA Capital Management, LLC 9.19M Mar 31, 2025 0.91% $0.39 0.00%
Sofinnova Ventures 3.76M Mar 31, 2025 0.37% $0.62 0.00%
TCG Crossover Management, LLC 2.24M Mar 31, 2025 0.22% $0.77 0.00%
ADAR1 Capital Management LLC 1.46M Mar 31, 2025 0.14% $0.68 57.46%
BRAIDWELL LP 1.44M Mar 31, 2025 0.14% $0.13 0.00%
Allostery Investments LP 1.42M Mar 31, 2025 0.14% $5.15 67.11%
Logos Global Management LP 1.40M Mar 31, 2025 0.14% $0.62 0.00%
Vanguard Group Inc 1.07M Mar 31, 2025 0.11% $0.00 6.50%
BlackRock Inc 959.29K Mar 31, 2025 0.09% $0.00 -1.65%
Blackstone Inc 955.13K Mar 31, 2025 0.09% $0.01 91.19%
Affinity Asset Advisors, LLC 800.00K Mar 31, 2025 0.08% $0.19 0.00%
Morgan Stanley - Brokerage Accounts 699.44K Mar 31, 2025 0.07% $0.00 -11.07%
Jefferies Financial Group Inc 600.00K Mar 31, 2025 0.06% $0.01 0.00%
State Street Corp 368.54K Mar 31, 2025 0.04% $0.00 -1.82%
Deltec Asset Management LLC 361.80K Mar 31, 2025 0.04% $0.20 86.38%
Goldman Sachs Group Inc 352.67K Mar 31, 2025 0.03% $0.00 12.18%
Geode Capital Management, LLC 295.08K Mar 31, 2025 0.03% $0.00 0.14%
Two Sigma Advisers, LLC 291.80K Mar 31, 2025 0.03% $0.00 89.97%
Bank of America Corp 246.91K Mar 31, 2025 0.02% $0.00 6.85%
Two Sigma Investments LLC 204.79K Mar 31, 2025 0.02% $0.00 -9.43%

Shares Statistics

Shares Outstanding: 28.99M
Shares Float: 341.84K
% Insiders: 1.70%
% Institutions: 11,080.20%
Short % Float: 1.15%

🏆 Top 10 Institutional Holders

Rank Holder Name Shares Held % of Shares Change Date Reported
1 RA Capital Management, LLC 9.19M 0.91% ▲ 0.00% Mar 31, 2025
2 Sofinnova Ventures 3.76M 0.37% ▲ 0.00% Mar 31, 2025
3 TCG Crossover Management, LLC 2.24M 0.22% ▲ 0.00% Mar 31, 2025
4 ADAR1 Capital Management LLC 1.46M 0.14% ▲ 57.46% Mar 31, 2025
5 BRAIDWELL LP 1.44M 0.14% ▲ 0.00% Mar 31, 2025
6 Allostery Investments LP 1.42M 0.14% ▲ 67.11% Mar 31, 2025
7 Logos Global Management LP 1.40M 0.14% ▲ 0.00% Mar 31, 2025
8 Vanguard Group Inc 1.07M 0.11% ▲ 6.50% Mar 31, 2025
9 BlackRock Inc 959.29K 0.09% ▼ 1.65% Mar 31, 2025
10 Blackstone Inc 955.13K 0.09% ▲ 91.19% Mar 31, 2025

Valuation Metrics

Enterprise Value: $2.64B
Trailing P/E: 0.00
Forward P/E: 0.00

Financial Highlights

Market Cap: $77.68M
EBITDA: $-53.11M
Book Value: $90.62
Dividend/Share: $0.00
Dividend Yield: 0.00%
Earnings/Share: $-59.50
Profit Margin: 0.00%
Operating Margin: 0.00%
ROA (TTM): -36.18%
ROE (TTM): -59.01%
Revenue (TTM): $0.00
Revenue/Share (TTM): $0.00
Earnings Growth (YOY): 0.00%
Revenue Growth (YOY): 0.00%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios (Yearly)

Financial Ratios (Quarterly)

Earnings History

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2024-12-31 20.93x 0.01x 0.05x N/A -0.01x
2023-12-31 7.04x 0.00x 0.14x N/A -0.01x
2022-12-31 16.90x 0.01x 0.06x -30.40x -0.01x
2021-12-31 68.37x 0.00x 0.02x -354.18x -0.02x
2020-12-31 2.64x 0.00x 3.83x -118.52x 0.00x
2019-12-31 5.35x -0.69x 2.04x N/A 2,500.00x

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Jun 14, 2024 George A Eldridge N/A Sale 428.00 $876.05 $374.95K
May 17, 2024 Hunter Gillies N/A Sale 114.00 $737.80 $84.11K
May 16, 2024 Timothy P. Noyes N/A Sale 285.00 $755.30 $215.26K
May 02, 2024 Marinus Verwijs N/A Sale 56.00 $735.70 $41.20K
May 01, 2024 Timothy P. Noyes N/A Sale 324.00 $711.90 $230.66K
Apr 17, 2024 Benjamin T Dake N/A Sale 195.00 $782.95 $152.68K
Apr 16, 2024 Timothy P. Noyes N/A Sale 285.00 $864.50 $246.38K
Apr 10, 2024 George A Eldridge N/A Sale 214.00 $939.75 $201.11K
Apr 09, 2024 David S Grayzel N/A Sale 339.00 $985.25 $334.00K
Apr 01, 2024 Timothy P. Noyes N/A Sale 285.00 $1.05K $299.25K
Apr 01, 2024 Benjamin T Dake N/A Sale 95.00 $1.12K $106.30K
Mar 27, 2024 Benjamin T Dake N/A Sale 316.00 $978.95 $309.35K
Mar 25, 2024 Benjamin T Dake N/A Sale 98.00 $980.35 $96.07K
Mar 19, 2024 Marinus Verwijs N/A Sale 151.00 $912.80 $137.83K
Mar 13, 2024 George A Eldridge N/A Sale 57.00 $875.70 $49.91K
Mar 11, 2024 George A Eldridge N/A Sale 98.00 $883.75 $86.61K
Mar 08, 2024 George A Eldridge N/A Sale 3.00 $875.00 $2.63K
Feb 23, 2024 Hunter Gillies N/A Sale 14.00 $682.50 $9.56K
Feb 20, 2024 Hunter Gillies N/A Sale 99.00 $708.05 $70.10K
Feb 05, 2024 Ralph Niven N/A Sale 131.00 $610.75 $80.01K

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