Immunovant, Inc.
IMVT · Biological Products, (No Diagnostic Substances) · 205.3M shares · +12%/yr ↑ shares · EDGAR filings ↗
Reference price $35.39 · est. market cap ~$7.3B — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D46Clinical/early-stage biotech — autoimmune clinical (batoclimab), heavy burn ($407M), very well-funded.
Strengths
- Liquidity — current ratio 9.1 (79th)
Risks
- Pre-revenue, deep losses — per metrics
- Pre-revenue/clinical-stage — history of losses & need for capital per risk factors
- Binary clinical & funding risk — per 10-K
Notable findings
- Cash burnNegative free cash flow (-407.3M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $902M cash & investments, ~9 quarters of runway
- Notable holderHeld by 5 notable fund(s): FMR LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
- Insider sellingInsider selling — 24 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$10M, last 6mo) Form 4 ↗
Key metrics
Return on equity
-59.3%
Return on assets
-52.8%
Current ratio
9.1×
Free cash flow
-$407M
Tangible book value
$853M
Cash & investments
$902M
Cash runway
9q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Van Tuyl Christopher | Sell | 2.6K | $35.39 |
| 2026-06-15 | Pande Atul | Option exercise | 1.5K | $8.43 |
| 2026-06-15 | Pande Atul | Sell | 1.5K | $34.02 |
| 2026-05-28 | Fromkin Andrew J. | Option exercise | 71K | $7.94 |
| 2026-05-28 | Fromkin Andrew J. | Option exercise | 77K | $8.43 |
| 2026-05-28 | Fromkin Andrew J. | Option exercise | 16K | $14.70 |
| 2026-05-28 | Fromkin Andrew J. | Sell | 11K | $32.64 |
| 2026-05-28 | Fromkin Andrew J. | Sell | 210K | $33.56 |
| 2026-05-28 | Fromkin Andrew J. | Option exercise | 32K | $4.99 |
| 2026-05-20 | Gloria Melanie | Sell | 1.2K | $32.15 |
| 2026-05-20 | Gloria Melanie | Sell | 249 | $30.41 |
| 2026-05-20 | Gloria Melanie | Sell | 1.7K | $32.95 |
| 2026-05-20 | Pande Atul | Option exercise | 6.0K | $8.43 |
| 2026-05-20 | Pande Atul | Sell | 6.0K | $32.00 |
| 2026-05-01 | Susman Robert Graham | Sell | 2.5K | $27.17 |
| 2026-04-23 | Girao Tiago | Sell | 26K | $29.62 |
| 2026-04-23 | Stout Jay S | Sell | 2.8K | $29.62 |
| 2026-04-08 | Gloria Melanie | Sell | 8.7K | $24.83 |
| 2026-04-08 | Van Tuyl Christopher | Sell | 5.2K | $24.83 |
| 2026-04-08 | Stout Jay S | Sell | 8.6K | $24.83 |
| 2026-04-08 | Stout Jay S | Sell | 1.5K | $24.83 |
| 2026-04-07 | Venker Eric | Grant | 232K | — |
| 2026-04-07 | Torti Frank | Grant | 174K | — |
| 2026-04-07 | Fromkin Andrew J. | Grant | 14K | — |
| 2026-04-07 | Hughes Douglas J. | Grant | 14K | — |
| 2026-04-07 | Pande Atul | Grant | 14K | — |
| 2026-04-07 | Bauer Jake | Grant | 14K | — |
| 2026-04-07 | Susman Robert Graham | Grant | 14K | — |
| 2026-04-07 | Gloria Melanie | Grant | 84K | — |
| 2026-04-07 | Stout Jay S | Grant | 67K | — |
| 2026-04-07 | Van Tuyl Christopher | Grant | 41K | — |
| 2026-04-07 | Girao Tiago | Grant | 65K | — |
| 2026-04-02 | Venker Eric | Sell | 13K | $24.04 |
| 2026-04-02 | Venker Eric | Sell | 1.4K | $24.60 |
| 2026-04-01 | Venker Eric | Option exercise | 369K | $14.46 |
| 2026-04-01 | Venker Eric | Disposition | 335K | $25.10 |
| 2026-03-18 | Van Tuyl Christopher | Sell | 2.9K | $24.97 |
| 2026-02-25 | Gloria Melanie | Sell | 1.4K | $26.98 |
| 2026-02-25 | Gloria Melanie | Sell | 859 | $28.16 |
| 2026-02-25 | Gloria Melanie | Sell | 942 | $28.90 |
| 2026-01-21 | Stout Jay S | Sell | 2.0K | $26.03 |
| 2026-01-07 | Stout Jay S | Sell | 1.1K | $26.51 |
| 2026-01-07 | Stout Jay S | Sell | 55 | $26.92 |
| 2025-12-18 | Van Tuyl Christopher | Sell | 8.5K | $26.78 |
| 2025-12-18 | Van Tuyl Christopher | Sell | 2.3K | $27.38 |
| 2025-12-01 | Fromkin Andrew J. | Sell | 19K | $23.14 |
| 2025-12-01 | Fromkin Andrew J. | Sell | 2.9K | $23.95 |
| 2025-12-01 | Hughes Douglas J. | Sell | 13K | $23.14 |
| 2025-12-01 | Hughes Douglas J. | Sell | 1.9K | $23.96 |
| 2025-11-20 | Gloria Melanie | Sell | 10K | $23.54 |
| 2025-11-20 | Gloria Melanie | Sell | 2.4K | $23.97 |
| 2025-10-22 | Geffner Michael | Sell | 2.6K | $19.03 |
| 2025-10-22 | Stout Jay S | Sell | 2.5K | $19.03 |
| 2025-10-08 | Geffner Michael | Sell | 1.3K | $16.30 |
| 2025-10-08 | Stout Jay S | Sell | 1.6K | $16.30 |
| 2025-07-23 | Stout Jay S | Sell | 2.8K | $18.15 |
| 2025-07-23 | Geffner Michael | Sell | 2.4K | $18.15 |
| 2025-07-09 | Geffner Michael | Sell | 1.2K | $17.24 |
| 2025-07-09 | Stout Jay S | Sell | 1.5K | $17.24 |
| 2025-05-01 | Girao Tiago | Grant | 208K | — |
| 2025-05-01 | Bauer Jake | Grant | 25K | — |
| 2025-05-01 | Susman Robert Graham | Grant | 25K | — |
| 2025-04-23 | Stout Jay S | Sell | 1.9K | $14.79 |
| 2025-04-23 | Geffner Michael | Sell | 2.3K | $14.79 |
| 2025-04-16 | Barnett Eva Renee | Sell | 3.0K | $14.89 |
| 2025-04-16 | Salzmann Peter | Sell | 8.3K | $14.89 |
| 2025-04-09 | Stout Jay S | Sell | 5.0K | $12.99 |
| 2025-04-09 | Geffner Michael | Sell | 6.2K | $12.99 |
| 2025-04-09 | Barnett Eva Renee | Sell | 7.0K | $12.99 |
| 2025-04-09 | Barnett Eva Renee | Sell | 4.0K | $12.99 |
| 2025-04-09 | Salzmann Peter | Sell | 28K | $12.99 |
| 2025-04-01 | Van Tuyl Christopher | Grant | 51K | — |
| 2025-04-01 | Gloria Melanie | Grant | 76K | — |
| 2025-04-01 | Stout Jay S | Grant | 76K | — |
| 2025-04-01 | Geffner Michael | Grant | 102K | — |
| 2025-04-01 | Barnett Eva Renee | Grant | 89K | — |
| 2025-04-01 | Salzmann Peter | Grant | 266K | — |
| 2025-04-01 | Pande Atul | Grant | 16K | — |
| 2025-04-01 | Hughes Douglas J. | Grant | 16K | — |
| 2025-04-01 | Fromkin Andrew J. | Grant | 16K | — |
| 2025-04-01 | MIGAUSKY GEORGE V | Grant | 16K | — |
| 2025-04-01 | Torti Frank | Grant | 199K | — |
| 2025-03-07 | Fromkin Andrew J. | Sell | 6.6K | $19.52 |
| 2025-03-07 | Fromkin Andrew J. | Sell | 1.4K | $19.96 |
| 2025-02-19 | Macias William L. | Sell | 2.1K | $20.86 |
| 2025-02-19 | Barnett Eva Renee | Sell | 2.8K | $20.86 |
| 2025-02-19 | Salzmann Peter | Sell | 15K | $20.86 |
| 2025-01-22 | Stout Jay S | Sell | 2.2K | $23.59 |
| 2025-01-22 | Geffner Michael | Sell | 2.7K | $23.59 |
| 2025-01-15 | Macias William L. | Sell | 1.9K | $23.81 |
| 2025-01-15 | Macias William L. | Sell | 94 | $24.19 |
| 2025-01-15 | Macias William L. | Sell | 387 | $23.81 |
| 2025-01-15 | Macias William L. | Sell | 19 | $24.19 |
| 2025-01-15 | Barnett Eva Renee | Sell | 2.2K | $23.81 |
| 2025-01-15 | Barnett Eva Renee | Sell | 109 | $24.19 |
| 2025-01-15 | Salzmann Peter | Sell | 8.4K | $23.81 |
| 2025-01-15 | Salzmann Peter | Sell | 415 | $24.19 |
| 2025-01-08 | Barnett Eva Renee | Sell | 4.1K | $24.10 |
| 2025-01-08 | Salzmann Peter | Sell | 5.1K | $24.10 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-20 | 2026-05-20 | 0001764013-26-000062 ↗ |
| 10-K | 2026-05-20 | 2026-03-31 | 0001764013-26-000064 ↗ |
| 10-Q | 2026-02-06 | 2025-12-31 | 0001764013-26-000011 ↗ |
| 8-K | 2026-02-06 | 2026-02-06 | 0001764013-26-000010 ↗ |
| 8-K | 2025-12-12 | 2025-12-10 | 0001193125-25-317577 ↗ |
| 8-K | 2025-12-11 | 2025-12-10 | 0001193125-25-314994 ↗ |
| 8-K | 2025-11-21 | 2025-11-21 | 0001764013-25-000153 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001764013-25-000149 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001764013-25-000148 ↗ |
| 8-K | 2025-09-03 | 2025-09-03 | 0001764013-25-000136 ↗ |
| 8-K | 2025-08-28 | 2025-08-27 | 0001764013-25-000132 ↗ |
| 8-K | 2025-08-11 | 2025-08-11 | 0001764013-25-000128 ↗ |