Insider Trading July 6, 2026 03:39 PM

Ultragenyx CFO Executes $155K Share Sale Under Pre-Arranged Plan

Howard Horn divests 4,698 shares as company navigates Q1 earnings miss and maintains full-year outlook amid analyst upgrades.

By Priya Menon
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Howard Horn, Chief Financial Officer of Ultragenyx Pharmaceutical Inc., executed a transaction on July 1, 2026, selling 4,698 shares of common stock valued at $155,644. The sale, conducted under a Rule 10b5-1 trading plan, leaves Horn with a direct holding of 100,991 shares, a figure that encompasses Restricted Stock Units subject to vesting schedules. This divestment occurs against a backdrop of recent financial reporting and market activity for the pharmaceutical company.

Ultragenyx CFO Executes $155K Share Sale Under Pre-Arranged Plan
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Key Points

  • CFO Howard Horn sold 4,698 shares at $33.13 per share, totaling $155,644, under a Rule 10b5-1 plan.
  • Ultragenyx reported a Q1 2026 net loss of $1.84 per share and revenue of $136 million, both missing analyst expectations.
  • Cantor Fitzgerald raised its price target to $96 and maintained an Overweight rating, citing improved success probability for the Angelman syndrome treatment GTX-102.

Howard Horn, serving as the Chief Financial Officer for Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), completed a share transaction on July 1, 2026. The execution involved the sale of 4,698 shares of the company’s common stock. The total financial value attributed to this specific divestment stands at $155,644. The transaction was priced at $33.13 per share.

Following the execution of this sale, Horn’s direct ownership position in the company’s common stock totals 100,991 shares. This specific holding count includes previously disclosed shares associated with Restricted Stock Units (RSUs) granted to Horn. These units remain subject to established vesting conditions. The sale was executed in accordance with a Rule 10b5-1 trading plan, a standard mechanism for pre-arranged executive transactions.

Market data indicates notable momentum in Ultragenyx stock performance. Shares are currently trading at $34.04. This price point reflects a 48% gain over the preceding six-month period and a 46% return for the year-to-date timeframe. Analysis from InvestingPro suggests that Ultragenyx may be undervalued at current market levels. The analysis cites a Fair Value metric that implies potential upside. The company has not yet achieved profitability over the last twelve months. This financial status is highlighted within a comprehensive Pro Research Report designed to translate complex financial data into actionable intelligence for investors.

Ultragenyx recently reported its financial results for the first quarter of 2026. The report revealed a net loss of $1.84 per share. This figure fell below analyst expectations, which had projected a loss of $1.46 per share. Revenue for the quarter was recorded at $136 million. This amount also missed the forecasted figure of $160.69 million. Despite these misses, the company reaffirmed its full-year revenue guidance.

In a separate development, Cantor Fitzgerald adjusted its outlook for Ultragenyx shares. The firm raised its price target to $96, an increase from a previous target of $84. The firm maintained an Overweight rating on the stock. This adjustment was influenced by an increased probability of success for GTX-102, a treatment for Angelman syndrome. Additionally, Ultragenyx held its annual meeting. Shareholders approved the election of three Class I directors and several key proposals. These directors will serve until the 2029 annual meeting or until successors are duly elected.

Risks

  • The company has not yet achieved profitability over the last twelve months, indicating ongoing financial challenges.
  • Recent financial results showed misses in both earnings per share and revenue forecasts, which may impact investor confidence.
  • The stock’s recent momentum, with a 48% six-month gain, may present valuation risks if the company fails to meet its reaffirmed full-year guidance.

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