Cheng Yin Pan Sells Shares of PRE
Insider Cheng Yin Pan sold 15,873 shares of PRE on June 15, 2026.
Key Points
- Cheng Yin Pan sold 15,873 shares of PRE on June 15, 2026, in an unplanned transaction.
- PRE shares traded at $20.75 at the time of the transaction.
- Benchmark initiated coverage with a buy rating and a $30 price target on June 16, 2026.
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On June 15, 2026, Cheng Yin Pan sold 15,873 shares of PRE. The transaction wasn't part of a pre-planned trading program. PRE shares were trading at $20.75 at the time of the sale.
Other Institutional Activity in PRE
Several institutional investors have shown interest in PRE. Prudential PLC maintained its position with 427,963 shares valued at approximately $8.27 million. Aspex Management (HK) Ltd also held steady with 346,150 shares worth about $6.69 million. Tenzing Global Management, LLC added 200,000 shares, bringing its total to the same amount, valued at $3.86 million. Goldman Sachs Group Inc significantly increased its holdings by 151,338 shares, ending with 193,583 shares valued at $3.74 million. Millennium Management LLC also boosted its position by 141,168 shares, now holding 192,600 shares worth $3.72 million. Wells Fargo & Company/MN made a substantial increase, adding 81,806 shares to end with 84,806 shares valued at $1.64 million.
Insider Buying and Selling at Prenetics Global Limited
Beyond Cheng Yin Pan's transaction, David Vanderveen was active as well. On June 15, 2026, he bought 6,944 shares and sold 8,681 shares. Earlier on May 26, 2026, Cheng Yin Pan also bought 6,406 shares. On May 19, 2026, Lo Hoi Chun, the Chief Financial Officer, purchased 91,629 shares.
Analysts Set New Price Targets
On June 16, 2026, Benchmark initiated coverage of PRE with a buy rating and set a price target of $30. Previously, on March 16, 2026, Lake Street also initiated coverage with a buy rating and a $29 price target. Cantor Fitzgerald has maintained a buy rating with a $32 price target since October 29, 2025.
Bottom Line
Cheng Yin Pan's recent sale of PRE shares highlights ongoing insider activity at the company. Institutional investors have shown varied interest, with some increasing their stakes significantly. Analysts have expressed optimism about PRE's potential, with recent buy ratings and price targets suggesting positive expectations. As always, remember that insider transactions and analyst ratings are just pieces of the puzzle when evaluating a stock.
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