MapLight Therapeutics, Inc.
MPLT · Pharmaceutical Preparations · 42.4M shares · EDGAR filings ↗
Reference price $27.19 · est. market cap ~$1.2B — last insider sale, 2026-05-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D46Clinical/early-stage biotech — CNS clinical, very cash-rich.
Strengths
- Liquidity — current ratio 20.0 (95th)
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
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- Cash burnNegative free cash flow (-138.6M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, CITADEL ADVISORS LLC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $601M cash & investments, ~17 quarters of runway
- Insider buyingInsider buying — 4 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$693,846, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 93 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$18M, last 6mo) Form 4 ↗
- Notable holderHeld by 3 notable fund(s): GOLDMAN SACHS GROUP INC, STATE STREET CORP, FMR LLC (as of 2026-03-31)
Key metrics
Return on equity
-35.2%
Return on assets
-33.6%
Current ratio
20.0×
Free cash flow
-$139M
Tangible book value
$458M
Cash & investments
$601M
Cash runway
17q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-23 | Luneborg Nanna Liebach | Grant | 3.9K | — |
| 2026-06-23 | Garnett Timothy John | Grant | 3.9K | — |
| 2026-06-23 | Walker Maria C | Grant | 3.9K | — |
| 2026-06-23 | Cox Troy | Grant | 7.9K | — |
| 2026-06-23 | Pavlov George | Grant | 3.9K | — |
| 2026-06-23 | Babler Martin | Grant | 7.9K | — |
| 2026-05-18 | Kroeger Christopher A. | Sell | 118K | $27.19 |
| 2026-05-18 | Kroeger Christopher A. | Sell | 198 | $28.15 |
| 2026-05-11 | Kroeger Christopher A. | Sell | 5.9K | $30.56 |
| 2026-05-11 | Hanson Kristopher | Sell | 284 | $27.61 |
| 2026-05-11 | Hanson Kristopher | Sell | 846 | $28.70 |
| 2026-05-11 | Hanson Kristopher | Sell | 7.0K | $30.04 |
| 2026-05-11 | Hanson Kristopher | Sell | 5.8K | $30.56 |
| 2026-05-11 | Kroeger Christopher A. | Sell | 342 | $27.57 |
| 2026-05-11 | Kroeger Christopher A. | Sell | 877 | $28.70 |
| 2026-05-11 | Kroeger Christopher A. | Sell | 6.9K | $30.04 |
| 2026-05-08 | Kroeger Christopher A. | Sell | 30K | $27.48 |
| 2026-05-08 | Kroeger Christopher A. | Sell | 1.6K | $28.56 |
| 2026-05-08 | Kroeger Christopher A. | Sell | 3.2K | $29.20 |
| 2026-05-07 | Lillie James Woodruff | Sell | 721 | $28.28 |
| 2026-05-07 | Kroeger Christopher A. | Sell | 5.2K | $29.15 |
| 2026-05-07 | Kroeger Christopher A. | Sell | 15K | $28.47 |
| 2026-05-07 | Foff Erin Pennock | Sell | 117 | $29.10 |
| 2026-05-07 | Foff Erin Pennock | Sell | 4.3K | $28.52 |
| 2026-05-06 | Setia Vishwas | Sell | 8.5K | $28.04 |
| 2026-05-06 | Setia Vishwas | Sell | 2.1K | $29.07 |
| 2026-05-06 | Foff Erin Pennock | Sell | 8.2K | $28.04 |
| 2026-05-06 | Foff Erin Pennock | Sell | 16K | $29.13 |
| 2026-05-06 | Lillie James Woodruff | Sell | 8.4K | $28.04 |
| 2026-05-06 | Lillie James Woodruff | Sell | 16K | $29.13 |
| 2026-05-06 | Kroeger Christopher A. | Sell | 8.1K | $28.04 |
| 2026-05-06 | Kroeger Christopher A. | Sell | 16K | $29.13 |
| 2026-05-05 | Foff Erin Pennock | Sell | 9.6K | $28.12 |
| 2026-05-05 | Foff Erin Pennock | Sell | 931 | $29.00 |
| 2026-05-05 | Lillie James Woodruff | Sell | 10K | $28.12 |
| 2026-05-05 | Lillie James Woodruff | Sell | 963 | $29.00 |
| 2026-05-05 | Setia Vishwas | Sell | 9.9K | $28.12 |
| 2026-05-05 | Setia Vishwas | Sell | 968 | $29.00 |
| 2026-05-05 | Kroeger Christopher A. | Sell | 9.5K | $28.12 |
| 2026-05-05 | Kroeger Christopher A. | Sell | 928 | $29.00 |
| 2026-05-04 | Hanson Kristopher | Sell | 296 | $29.56 |
| 2026-05-04 | Hanson Kristopher | Sell | 683 | $30.08 |
| 2026-05-04 | Lillie James Woodruff | Sell | 9.2K | $27.50 |
| 2026-05-04 | Lillie James Woodruff | Sell | 5.5K | $28.37 |
| 2026-05-04 | Lillie James Woodruff | Sell | 320 | $29.56 |
| 2026-05-04 | Lillie James Woodruff | Sell | 705 | $30.08 |
| 2026-05-04 | Kroeger Christopher A. | Sell | 9.1K | $27.50 |
| 2026-05-04 | Setia Vishwas | Sell | 9.0K | $28.28 |
| 2026-05-04 | Setia Vishwas | Sell | 325 | $29.56 |
| 2026-05-04 | Setia Vishwas | Sell | 787 | $30.12 |
| 2026-05-04 | Setia Vishwas | Sell | 4.8K | $27.36 |
| 2026-05-04 | Foff Erin Pennock | Sell | 9.2K | $27.50 |
| 2026-05-04 | Kroeger Christopher A. | Sell | 5.4K | $28.37 |
| 2026-05-04 | Foff Erin Pennock | Sell | 5.5K | $28.37 |
| 2026-05-04 | Foff Erin Pennock | Sell | 312 | $29.56 |
| 2026-05-04 | Foff Erin Pennock | Sell | 700 | $30.08 |
| 2026-05-04 | Kroeger Christopher A. | Sell | 311 | $29.56 |
| 2026-05-04 | Kroeger Christopher A. | Sell | 697 | $30.08 |
| 2026-05-04 | Hanson Kristopher | Sell | 9.0K | $27.50 |
| 2026-05-04 | Hanson Kristopher | Sell | 3.9K | $28.29 |
| 2026-04-28 | GILLIS JONATHAN | Sell | 17K | $30.33 |
| 2026-04-28 | GILLIS JONATHAN | Sell | 700 | $30.83 |
| 2026-04-27 | GILLIS JONATHAN | Sell | 14K | $30.46 |
| 2026-04-27 | Kreitzer Anatol | Sell | 7.8K | $30.50 |
| 2026-04-27 | GILLIS JONATHAN | Sell | 7.9K | $28.94 |
| 2026-04-27 | Kreitzer Anatol | Sell | 8.3K | $28.96 |
| 2026-04-27 | Kreitzer Anatol | Sell | 29K | $29.63 |
| 2026-04-27 | GILLIS JONATHAN | Sell | 30K | $29.60 |
| 2026-04-16 | Setia Vishwas | Sell | 87 | $27.49 |
| 2026-04-16 | Foff Erin Pennock | Sell | 288 | $27.01 |
| 2026-04-16 | Foff Erin Pennock | Sell | 881 | $27.49 |
| 2026-04-16 | Hanson Kristopher | Sell | 225 | $27.49 |
| 2026-04-16 | Hanson Kristopher | Sell | 73 | $27.01 |
| 2026-04-16 | Lillie James Woodruff | Sell | 686 | $27.01 |
| 2026-04-16 | Lillie James Woodruff | Sell | 2.1K | $27.49 |
| 2026-04-16 | Setia Vishwas | Sell | 29 | $27.01 |
| 2026-04-16 | Kroeger Christopher A. | Sell | 2.5K | $27.01 |
| 2026-04-16 | Kroeger Christopher A. | Sell | 7.6K | $27.49 |
| 2026-04-15 | Lillie James Woodruff | Sell | 1.7K | $26.82 |
| 2026-04-15 | Setia Vishwas | Sell | 2.8K | $26.87 |
| 2026-04-15 | Kreitzer Anatol | Sell | 3.3K | $26.61 |
| 2026-04-15 | Foff Erin Pennock | Sell | 2.0K | $26.84 |
| 2026-04-15 | Malenka Robert C. | Sell | 8.6K | $26.90 |
| 2026-04-15 | Hanson Kristopher | Sell | 1.5K | $26.80 |
| 2026-04-15 | GILLIS JONATHAN | Sell | 3.6K | $26.61 |
| 2026-04-15 | Kroeger Christopher A. | Sell | 9.1K | $26.93 |
| 2026-02-24 | Malenka Robert C. | Sell | 736 | $18.15 |
| 2026-02-23 | Malenka Robert C. | Sell | 11K | $18.39 |
| 2026-02-23 | Malenka Robert C. | Sell | 476 | $19.06 |
| 2026-02-20 | Malenka Robert C. | Sell | 2.2K | $18.03 |
| 2026-02-20 | Pavlov George | Buy | 9.9K | $17.86 |
| 2026-02-19 | Pavlov George | Buy | 4.4K | $17.57 |
| 2026-02-18 | Pavlov George | Buy | 11K | $17.48 |
| 2026-02-13 | Malenka Robert C. | Sell | 12K | $18.21 |
| 2026-02-11 | Malenka Robert C. | Sell | 241 | $18.00 |
| 2026-02-10 | Malenka Robert C. | Sell | 6.6K | $18.12 |
| 2026-02-10 | Garnett Timothy John | Buy | 14K | $17.89 |
| 2026-02-05 | Setia Vishwas | Grant | 7.7K | — |
| 2026-02-05 | Kreitzer Anatol | Grant | 6.0K | — |
| 2026-02-05 | Foff Erin Pennock | Grant | 13K | — |
| 2026-02-05 | Hanson Kristopher | Grant | 7.7K | — |
| 2026-02-05 | Lillie James Woodruff | Grant | 7.7K | — |
| 2026-02-05 | GILLIS JONATHAN | Grant | 6.0K | — |
| 2026-02-05 | Kroeger Christopher A. | Grant | 23K | — |
| 2026-02-03 | Malenka Robert C. | Sell | 1 | $18.00 |
| 2026-02-02 | Malenka Robert C. | Sell | 7.0K | $18.02 |
| 2026-01-30 | Malenka Robert C. | Sell | 6.6K | $18.11 |
| 2026-01-29 | Malenka Robert C. | Sell | 21K | $18.55 |
| 2026-01-28 | Malenka Robert C. | Sell | 664 | $19.05 |
| 2026-01-28 | Malenka Robert C. | Sell | 5.9K | $18.61 |
| 2026-01-27 | GILLIS JONATHAN | Tax withheld | 22K | $17.98 |
| 2026-01-27 | Kroeger Christopher A. | Tax withheld | 204K | $17.98 |
| 2026-01-27 | Setia Vishwas | Tax withheld | 33K | $17.98 |
| 2026-01-27 | Kreitzer Anatol | Tax withheld | 42K | $17.98 |
| 2026-01-27 | Foff Erin Pennock | Tax withheld | 45K | $17.98 |
| 2026-01-27 | Hanson Kristopher | Tax withheld | 26K | $17.98 |
| 2026-01-27 | Lillie James Woodruff | Tax withheld | 45K | $17.98 |
| 2025-10-28 | Kroeger Christopher A. | Conversion | 3.9K | — |
| 2025-10-28 | Novo Holdings A/S | Conversion | 2.7M | — |
| 2025-10-28 | Novo Holdings A/S | Buy | 953K | $17.00 |
| 2025-10-28 | Catalyst4, Inc. | Conversion | 14.3M | — |
| 2025-10-28 | Catalyst4, Inc. | Buy | 5.4M | $17.00 |
| 2025-10-28 | Malenka Robert C. | Conversion | 3.9K | — |
| 2025-10-27 | Foff Erin Pennock | Grant | 48K | — |
| 2025-10-27 | Malenka Robert C. | Grant | 34K | — |
| 2025-10-27 | Setia Vishwas | Grant | 43K | — |
| 2025-10-27 | Garnett Timothy John | Grant | 6.3K | — |
| 2025-10-27 | Walker Maria C | Grant | 6.3K | — |
| 2025-10-27 | Hanson Kristopher | Grant | 27K | — |
| 2025-10-27 | Lillie James Woodruff | Grant | 33K | — |
| 2025-10-27 | GILLIS JONATHAN | Grant | 31K | — |
| 2025-10-27 | Kroeger Christopher A. | Grant | 226K | — |
| 2025-10-27 | Kreitzer Anatol | Grant | 36K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-24 | Shareholder vote | filing ↗ |
| 2026-06-22 | Reg FDOtherExhibits | filing ↗ |
| 2026-06-18 | Exec/director change | filing ↗ |
| 2026-05-14 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-29 | Exec/director change | filing ↗ |
| 2026-03-26 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-09 | ResultsReg FDExhibits | filing ↗ |
| 2025-12-04 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-24 | 2026-06-23 | 0001193125-26-280243 ↗ |
| 8-K | 2026-06-22 | 2026-06-22 | 0001193125-26-276691 ↗ |
| 8-K | 2026-06-18 | 2026-06-18 | 0001193125-26-276065 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001193125-26-224129 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001193125-26-224067 ↗ |
| 8-K | 2026-04-29 | 2026-04-23 | 0001193125-26-191566 ↗ |
| 10-K | 2026-03-26 | 2025-12-31 | 0001193125-26-125072 ↗ |
| 8-K | 2026-03-26 | 2026-03-26 | 0001193125-26-125062 ↗ |
| 8-K | 2026-01-09 | 2026-01-09 | 0001193125-26-008267 ↗ |
| 10-Q | 2025-12-04 | 2025-09-30 | 0001193125-25-307453 ↗ |
| 8-K | 2025-12-04 | 2025-12-04 | 0001193125-25-307450 ↗ |
| 8-K | 2025-10-29 | 2025-10-26 | 0001193125-25-255041 ↗ |