Galecto (GLTO)

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)	19.68 mm	19.68 mm	19.68 mm	19.68 mm	19.68 mm	19.68 mm
Cash burn (monthly)	1.06 mm	283.33 k	1.29 mm	1.82 mm	1.22 mm	2.10 mm
Cash used (since last report)	4.82 mm	1.29 mm	5.86 mm	8.27 mm	5.52 mm	9.51 mm
Cash remaining	14.86 mm	18.39 mm	13.82 mm	11.41 mm	14.16 mm	10.16 mm
Runway (months of cash)	14.0	64.9	10.7	6.3	11.6	4.8

Beta Read what these cash burn values mean

Financial data from Galecto earnings reports.

Institutional ownership, Q2 2024

GLTO institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	23	26	-11.5%
Opened positions	4	25	-84.0%
Closed positions	7	0	NEW
Increased positions	9	0	NEW
Reduced positions	3	0	NEW

13F shares	Current	Prev Q	Change
Total value	2.36 bn	3.06 bn	-23.0%
Total shares	5.51 mm	5.42 mm	+1.8%
Total puts	100.00	200.00	-50.0%
Total calls	100.00	30.60 k	-99.7%
Total put/call ratio	1.0	0.0	+15200.0%

Largest owners	Shares	Value	Change
Novo Holdings A/S	2.50 mm	$1.18 bn	0.0%
Sunstone Life Science Ventures A/S	1.48 mm	$457.13 mm	0.0%
Renaissance Technologies	579.30 k	$274.76 mm	+0.1%
Vanguard	221.20 k	$104.92 mm	0.0%
Geode Capital Management	214.13 k	$101.59 mm	+2.8%
Susquehanna International	168.35 k	$79.85 mm	NEW
Citadel Advisors	128.58 k	$60.99 mm	+37.5%
STT State Street	44.91 k	$21.30 mm	0.0%
NTRS Northern Trust	35.64 k	$16.90 mm	+73.4%
BAC Bank of America	30.56 k	$14.49 mm	+0.5%

Largest transactions	Shares	Bought/sold	Change
Susquehanna International	168.35 k	+168.35 k	NEW
Bridgeway Capital Management	0.00	-73.10 k	EXIT
Citadel Advisors	128.58 k	+35.08 k	+37.5%
BLK BlackRock	21.21 k	-29.82 k	-58.4%
Two Sigma Securities	27.14 k	+27.14 k	NEW
Jane Street	0.00	-26.21 k	EXIT
XTX Topco	0.00	-18.25 k	EXIT
NTRS Northern Trust	35.64 k	+15.09 k	+73.4%
Virtu Financial	14.68 k	+14.68 k	NEW
Millennium Management	0.00	-14.00 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

GLTO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Jan 25	Lori Firmani	Common Stock	Sell	Dispose S	No	No	5.63	261	1.47 k	465
3 Jan 25	Lori Firmani	Common Stock	Option exercise	Acquire M	No	No	0	726	0.00	726
3 Jan 25	Lori Firmani	Stock Option Common Stock	Grant	Acquire A	No	No	5.7	5,000	28.50 k	5,000
3 Jan 25	Lori Firmani	RSU Common Stock	Option exercise	Dispose M	No	No	0	726	0.00	1,474
3 Jan 25	Matthew Kronmiller	Stock Option Common Stock	Grant	Acquire A	No	No	5.7	6,000	34.20 k	6,000
3 Jan 25	Hans T. Schambye	Common Stock	Sell	Dispose S	No	No	5.6	1,341	7.51 k	3,397
3 Jan 25	Hans T. Schambye	Common Stock	Option exercise	Acquire M	No	No	0	2,640	0.00	4,738
3 Jan 25	Hans T. Schambye	Stock Option Common Stock	Grant	Acquire A	No	No	5.7	16,400	93.48 k	16,400
3 Jan 25	Hans T. Schambye	RSU Common Stock	Option exercise	Dispose M	No	No	0	2,640	0.00	5,360
3 Jan 25	Garrett Winslow	Common Stock	Sell	Dispose S	No	No	5.6	471	2.64 k	1,009

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

Press releases

From Benzinga Pro

Galecto to Participate in Upcoming Investor Conferences

6 Feb 25

BOSTON, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Galecto, Inc. (NASDAQ:GLTO), a clinical-stage biotechnology company focused on the development of novel treatments for cancer and severe liver diseases, today announced that