Seres Therapeutics (MCRB)

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)	76.70 mm	76.70 mm	76.70 mm	76.70 mm	76.70 mm	76.70 mm
Cash burn (monthly)	1.47 mm	8.45 mm	9.72 mm	4.17 mm	11.56 mm	13.10 mm
Cash used (since last report)	6.35 mm	36.53 mm	42.03 mm	18.02 mm	49.97 mm	56.64 mm
Cash remaining	70.35 mm	40.17 mm	34.66 mm	58.68 mm	26.72 mm	20.06 mm
Runway (months of cash)	47.9	4.8	3.6	14.1	2.3	1.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

MCRB institutional ownership history Ownership history

59.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	79	94	-16.0%
Opened positions	12	22	-45.5%
Closed positions	27	28	-3.6%
Increased positions	14	25	-44.0%
Reduced positions	27	25	+8.0%

13F shares	Current	Prev Q	Change
Total value	59.81 bn	49.61 bn	+20.5%
Total shares	101.50 mm	85.45 mm	+18.8%
Total puts	470.80 k	465.70 k	+1.1%
Total calls	304.00 k	118.90 k	+155.7%
Total put/call ratio	1.5	3.9	-60.5%

Largest owners	Shares	Value	Change
Flagship Pioneering	23.12 mm	$21.87 bn	0.0%
FMR	22.86 mm	$21.63 bn	+0.6%
NSRGF Nestlé	21.78 mm	$20.94 mm	NEW
Flagship VentureLabs IV	8.79 mm	$33.66 mm	0.0%
Nestle Health Science US	7.59 mm	$26.58 mm	0.0%
Vanguard	6.06 mm	$5.73 bn	-3.6%
BlackRock	1.76 mm	$1.67 bn	NEW
Geode Capital Management	1.39 mm	$1.31 bn	+22.5%
Susquehanna International	1.19 mm	$1.13 bn	-16.5%
Millennium Management	1.02 mm	$966.87 mm	-42.5%

Largest transactions	Shares	Bought/sold	Change
NSRGF Nestlé	21.78 mm	+21.78 mm	NEW
Tang Capital Management	200.00 k	-2.21 mm	-91.7%
BlackRock	1.76 mm	+1.76 mm	NEW
BLK BlackRock	0.00	-1.76 mm	EXIT
Hudson Bay Capital Management	0.00	-1.00 mm	EXIT
Millennium Management	1.02 mm	-755.64 k	-42.5%
Jane Street	20.87 k	-686.20 k	-97.0%
GS The Goldman Sachs Group, Inc.	14.67 k	-652.28 k	-97.8%
MS Morgan Stanley	802.33 k	+631.24 k	+369.0%
NTRS Northern Trust	218.22 k	-503.54 k	-69.8%

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

MCRB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Feb 25	Hans-Juergen Woerle	Stock Option Common Stock	Grant	Acquire A	No	No	0.8056	120,000	96.67 k	120,000
18 Nov 24	Teresa L. Young	Common Stock	Sell	Dispose S	No	Yes	0.541	735	397.64	90,404
18 Nov 24	Moltke Lisa von	Common Stock	Sell	Dispose S	No	Yes	0.5407	977	528.26	32,415
18 Nov 24	Thomas DesRosier	Common Stock	Sell	Dispose S	No	Yes	0.5407	878	474.73	135,192
15 Nov 24	Teresa L. Young	Common Stock	Option exercise	Acquire M	No	No	0	2,656	0.00	91,139
15 Nov 24	Teresa L. Young	RSU Common Stock	Option exercise	Dispose M	No	No	0	2,656	0.00	23,907
15 Nov 24	Moltke Lisa von	Common Stock	Option exercise	Acquire M	No	No	0	2,969	0.00	33,392
15 Nov 24	Moltke Lisa von	RSU Common Stock	Option exercise	Dispose M	No	No	0	2,969	0.00	26,719
15 Nov 24	Thomas DesRosier	Common Stock	Option exercise	Acquire M	No	No	0	2,656	0.00	136,070
15 Nov 24	Thomas DesRosier	RSU Common Stock	Option exercise	Dispose M	No	No	0	2,656	0.00	23,907