Minerva Neurosciences (NERV)

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)	26.63 mm	26.63 mm	26.63 mm	26.63 mm	26.63 mm	26.63 mm
Cash burn (monthly)	1.45 mm	1.70 mm	1.46 mm	2.04 mm	1.45 mm	1.70 mm
Cash used (since last report)	6.22 mm	7.29 mm	6.25 mm	8.76 mm	6.22 mm	7.29 mm
Cash remaining	20.40 mm	19.34 mm	20.38 mm	17.87 mm	20.40 mm	19.34 mm
Runway (months of cash)	14.1	11.4	14.0	8.8	14.1	11.4

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

NERV institutional ownership history Ownership history

21.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2	21	-90.5%
Opened positions	1	0	NEW
Closed positions	20	0	NEW
Increased positions	0	4	EXIT
Reduced positions	0	5	EXIT

13F shares	Current	Prev Q	Change
Total value	9.06 mm	6.61 bn	-99.9%
Total shares	1.50 mm	3.59 mm	-58.2%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
AG Boehringer	1.50 mm	$9.03 mm	0.0%
Anchor Investment Management	12.00	$32.00 k	NEW

Largest transactions	Bought/sold	Change
FHI Federated Hermes	-1.35 mm	EXIT
Vanguard	-252.06 k	EXIT
Renaissance Technologies	-167.70 k	EXIT
Ubs Oconnor	-99.86 k	EXIT
BLK BlackRock	-72.67 k	EXIT
Geode Capital Management	-55.11 k	EXIT
NTRS Northern Trust	-23.05 k	EXIT
Acadian Asset Management	-17.42 k	EXIT
STT State Street	-16.52 k	EXIT
Susquehanna International	-11.94 k	EXIT

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

NERV insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
5 Dec 24	Van Heek G Jan	Stock Option Common Stock	Grant	Acquire A	No	No	2.12	12,500	26.50 k	12,500
5 Dec 24	Laghrissi-Thode Fouzia	Stock Option Common Stock	Grant	Acquire A	No	No	2.12	12,500	26.50 k	12,500
5 Dec 24	Kupfer David	Stock Option Common Stock	Grant	Acquire A	No	No	2.12	12,500	26.50 k	12,500
5 Dec 24	Hasler Hans Peter	Stock Option Common Stock	Grant	Acquire A	No	No	2.12	12,500	26.50 k	12,500
5 Dec 24	Ahlholm Frederick W	Employee Stock Option Common Stock	Grant	Acquire A	No	No	2.12	47,500	100.70 k	47,500

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.