Insider Buying Update for Tuesday, November 18: ALMS, LINE
Srinivas Akkaraju's Investment: Srinivas Akkaraju purchased 276,179 shares of Alumis (ALMS) at $5.25 each, totaling $1.45 million, and is currently up about 20% based on recent trading highs.
Previous Purchase by Akkaraju: Prior to this investment, Akkaraju bought shares worth $1.48 million at $4.61 each within the past year.
Robb A. Lemasters' Investment: Chief Financial Officer Robb A. Lemasters acquired 30,000 shares of Lineage for $1.01 million at a price of $33.74 per share.
Market Performance: Alumis shares are up approximately 8.6% on the day, while Lineage shares have increased by about 1.1%.
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- Exit Transaction: On February 2, BML Capital Management disclosed in an SEC filing that it completely liquidated its 1,210,415 shares of Alumis for approximately $4.83 million, resulting in a significant reduction in its quarter-end position value, highlighting its risk management strategy regarding the stock.
- Market Performance: As of February 2, Alumis shares were priced at $26.42, reflecting a staggering 255.1% increase over the past year, significantly outperforming the S&P 500's roughly 15% gain, indicating strong market confidence in its clinical-stage therapies.
- Company Overview: Alumis focuses on developing clinical-stage therapies for autoimmune and neuroinflammatory disorders, particularly TYK2 inhibitors, and despite reporting a net loss of $245.15 million, its R&D pipeline suggests substantial market potential.
- Investor Insight: BML's exit serves as a reminder that disciplined portfolio decisions can be impacted by fast-moving market catalysts, as Alumis's subsequent financing activities alleviated capital risk and reversed market sentiment, illustrating the dynamic nature of the biotech sector.
- Market Surge: U.S. stocks rose significantly on Monday, with the Dow Jones index gaining over 350 points, indicating strong investor confidence and potentially attracting more capital into the market.
- Peakstone Realty Trust Price Surge: Shares of Peakstone Realty Trust soared 32.5% to $20.70 on Friday, reflecting positive market sentiment regarding the company's future prospects and the anticipated benefits of the acquisition.
- Acquisition Announcement: Brookfield announced plans to acquire Peakstone Realty Trust in a $1.2 billion all-cash deal, which not only enhances Brookfield's asset portfolio but also signals its strategic intent to expand further in the real estate sector.
- Positive Market Reaction: Following the acquisition news, Peakstone Realty Trust's stock price surged, indicating strong investor confidence in the deal and potentially attracting additional investment into the company.
- Century Communities Rating: Analyst James McCanless initiated coverage on Century Communities Inc (NYSE:CCS) with a Market Outperform rating and a price target of $92, indicating significant upside from Tuesday's close of $66.26, reflecting confidence in the company's growth prospects.
- Alumis Inc Rating: Chardan Capital analyst Janani Sundararajan initiated coverage on Alumis Inc (NASDAQ:ALMS) with a Buy rating and a price target of $37, suggesting a 41% upside from Tuesday's close of $26.06, showcasing optimism about its business outlook.
- Credo Technology Rating: Rosenblatt analyst Mike Genovese initiated coverage on Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a Neutral rating and a price target of $170, indicating potential upside from the current price of $153.22, reflecting a cautious view on its market performance.
- Crescent Biopharma Rating: Guggenheim analyst Brad Canino initiated coverage on Crescent Biopharma Inc (NASDAQ:CBIO) with a Buy rating and a price target of $35, representing a 150% upside from Tuesday's close of $13.98, indicating strong confidence in its future growth potential.
- Large Transaction: On January 9, 2026, Srinivas Akkaraju purchased 588,235 shares of Alumis at $17 per share for a total of approximately $10 million, marking one of the largest trades in his history and exceeding the historical median trade size by nearly 47%.
- Increased Indirect Holdings: Following this transaction, Akkaraju's indirect holdings rose to 1,853,488 shares, reflecting his confidence in Alumis's future growth, particularly as the company's stock has surged over 400% in the past year.
- Market Price Comparison: The acquisition price was below the market open of $18.50 and close of $19.56 on January 9, 2026, indicating a favorable entry point for Akkaraju ahead of subsequent price increases, suggesting expectations of further appreciation.
- Clinical Trial Success: Alumis recently reported that 65% of patients in two Phase 3 trials with envudeucitinib achieved a 90% or better improvement in their psoriasis area and severity index (PASI) scores, indicating superior efficacy compared to Amgen's Otezla, further boosting market confidence in its products.
- Share Acquisition: On January 9, 2026, Alumis Director Srinivas Akkaraju purchased 588,235 shares at $17 each for a total of approximately $10 million, demonstrating strong confidence in the company's future growth prospects.
- Holding Proportion Change: This transaction increased Akkaraju's indirect holdings to 46.49%, with no direct holdings reported post-transaction, indicating a strategic investment approach through the Samsara Opportunity Fund, L.P.
- Stock Performance: Alumis's stock has appreciated by 206.29% over the past year and surged over 400% in the last three months, reflecting strong market recognition and potential for its biotechnology products.
- Clinical Trial Success: Recent Phase 3 trial results from Alumis revealed that 65% of patients using envudeucitinib achieved a 90% or better improvement in their Psoriasis Area and Severity Index (PASI) scores, indicating its potential to outperform competitor Otezla in treating psoriasis.
Increased Investments: There has been a notable rise in holdings across various sectors, indicating a growing confidence among investors.
Market Trends: The increase in holdings reflects broader market trends, suggesting potential growth opportunities in the near future.










