Kevin Rakin Buys 159,590 Shares of ELUT
Insider activity heats up at ELUT as Kevin Rakin and others purchase shares.
Key Points
- Kevin Rakin bought 159,590 shares of ELUT on June 11, 2026, at a price of $0.00 per share.
- ELUT shares are trading near $0.97 with significant insider buying activity.
- Analysts from Lake Street and Cantor Fitzgerald have maintained 'buy' ratings with targets up to $11.00.
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Kevin Rakin, a key insider at ELUT, purchased 159,590 shares of the company on June 11, 2026. The transaction was conducted at a price of $0.00 per share, indicating a planned allocation or award rather than a market purchase. This move is part of a broader insider buying trend at ELUT.
Other Institutional Activity in ELUT
AIGH Capital Management LLC increased its stake in ELUT by 527,065 shares, bringing its total holdings to 3,595,250 shares valued at approximately $3,775,012. Meanwhile, Vanguard Capital Management LLC initiated a new position with 1,023,699 shares worth about $1,074,884. Silverarc Capital Management LLC reduced its holdings by 253,294 shares, ending with 2,498,020 shares valued at $2,622,921.
Insider Buying and Selling at Elutia Inc.
In addition to Kevin Rakin's purchase, several other ELUT insiders acquired shares on June 11, 2026. Brigid Makes, Guido Neels, and David Colpman each bought 106,393 shares. Randal Mills, the President and CEO, purchased 27,083 shares on June 10, 2026. Matthew Ferguson, the Chief Financial Officer, bought 12,500 shares on the same day. These transactions suggest strong insider confidence in the company's prospects.
Analysts Set New Price Targets
Analysts have shown optimism towards ELUT, with Lake Street maintaining a 'buy' rating and a price target of $6.00 as of September 10, 2025. Cantor Fitzgerald has also reiterated a 'buy' rating, with targets reaching up to $11.00. The consensus among analysts remains positive, reflecting confidence in ELUT's future performance.
Bottom Line
The recent insider buying activity at ELUT, including Kevin Rakin's acquisition of 159,590 shares, signals strong insider confidence. Institutional investors have also made significant moves, with some increasing their stakes while others trimmed positions. Analysts continue to support ELUT with 'buy' ratings and high price targets, suggesting potential growth opportunities. As always, it's important to remember that insider and institutional activities are backward-looking and may not reflect current positions.
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