Sutro Biopharma (STRO)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	175.44 mm	175.44 mm	175.44 mm	175.44 mm	175.44 mm	175.44 mm
Cash burn (monthly)	(no burn)	(no burn)	22.64 mm	10.66 mm	21.51 mm	8.81 mm
Cash used (since last report)	n/a	n/a	96.42 mm	45.41 mm	91.59 mm	37.53 mm
Cash remaining	n/a	n/a	79.01 mm	130.03 mm	83.84 mm	137.91 mm
Runway (months of cash)	n/a	n/a	3.5	12.2	3.9	15.7

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

STRO institutional ownership history Ownership history

86.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	135	124	+8.9%
Opened positions	25	24	+4.2%
Closed positions	14	19	-26.3%
Increased positions	50	57	-12.3%
Reduced positions	32	26	+23.1%

13F shares	Current	Prev Q	Change
Total value	209.53 bn	179.34 bn	+16.8%
Total shares	71.45 mm	74.62 mm	-4.2%
Total puts	31.40 k	27.60 k	+13.8%
Total calls	77.10 k	200.00	+38450.0%
Total put/call ratio	0.4	138.0	-99.7%

Largest owners	Shares	Value	Change
Suvretta Capital Management	7.19 mm	$24.87 bn	-6.8%
BlackRock	7.02 mm	$24.28 bn	NEW
Vanguard	4.20 mm	$14.51 bn	+18.0%
Point72 Asset Management	3.00 mm	$10.37 bn	-32.6%
MPM Oncology Impact Management	2.83 mm	$9.80 bn	-6.9%
Adage Capital Partners GP, L.L.C.	2.25 mm	$7.79 bn	+12.5%
Adage Capital Management	2.25 mm	$8.01 mm	NEW
Samsara BioCapital	2.20 mm	$7.60 bn	0.0%
Citadel Advisors	2.13 mm	$7.36 bn	+31.3%
Kynam Capital Management	2.07 mm	$7.15 bn	+2.1%

Largest transactions	Shares	Bought/sold	Change
BlackRock	7.02 mm	+7.02 mm	NEW
BLK BlackRock	0.00	-6.91 mm	EXIT
Biotechnology Value Fund L P	0.00	-3.35 mm	EXIT
Millennium Management	2.03 mm	-2.33 mm	-53.4%
Adage Capital Management	2.25 mm	+2.25 mm	NEW
Point72 Asset Management	3.00 mm	-1.45 mm	-32.6%
Integrated Core Strategies	2.03 mm	-1.42 mm	-41.1%
BMO Bank of Montreal	814.96 k	+814.96 k	NEW
Arrowstreet Capital, Limited Partnership	737.67 k	+724.01 k	+5299.8%
GS The Goldman Sachs Group, Inc.	1.75 mm	+696.90 k	+66.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

STRO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Dec 24	Jane Chung	Common Stock	Payment of exercise	Dispose F	No	No	2.69	8,920	23.99 k	70,342
1 Dec 24	Jane Chung	Common Stock	Option exercise	Acquire M	No	No	0	25,000	0.00	79,262
1 Dec 24	Jane Chung	RSU Common Stock	Option exercise	Dispose M	No	No	0	25,000	0.00	75,000
18 Sep 24	Hans-Peter Gerber	Common Stock	Payment of exercise	Dispose F	No	No	3.95	13,380	52.85 k	24,120
18 Sep 24	Hans-Peter Gerber	Common Stock	Option exercise	Acquire M	No	No	0	37,500	0.00	37,500
18 Sep 24	Hans-Peter Gerber	RSU Common Stock	Option exercise	Dispose M	No	No	0	37,500	0.00	112,500
9 Aug 24	Jane Chung	Common Stock	Payment of exercise	Dispose F	No	No	3.12	6,689	20.87 k	54,262
9 Aug 24	Jane Chung	Common Stock	Option exercise	Acquire M	No	No	0	18,750	0.00	60,951
9 Aug 24	Jane Chung	RSU Common Stock	Option exercise	Dispose M	No	No	0	18,750	0.00	18,750
8 Aug 24	Sukhi Jagpal	Stock Option Common Stock	Grant	Acquire A	No	No	3.22	28,959	93.25 k	28,959