Rani Therapeutics (RANI)

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)	4.78 mm	4.78 mm	4.78 mm	4.78 mm	4.78 mm	4.78 mm
Cash burn (monthly)	79.00 k	57.92 k	3.93 mm	4.37 mm	2.80 mm	3.28 mm
Cash used (since last report)	356.00 k	260.99 k	17.72 mm	19.68 mm	12.63 mm	14.77 mm
Cash remaining	4.42 mm	4.52 mm	-12.95 mm	-14.90 mm	-7.86 mm	-9.99 mm
Runway (months of cash)	56.0	78.0	-3.3	-3.4	-2.8	-3.0

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

RANI institutional ownership history Ownership history

55.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	28	37	-24.3%
Opened positions	3	5	-40.0%
Closed positions	12	7	+71.4%
Increased positions	7	10	-30.0%
Reduced positions	1	6	-83.3%

13F shares	Current	Prev Q	Change
Total value	11.60 bn	11.14 bn	+4.1%
Total shares	31.72 mm	29.33 mm	+8.1%
Total puts	0.00	4.20 k	EXIT
Total calls	0.00	32.80 k	EXIT
Total put/call ratio	–	0.1	–

Largest owners	Shares	Value	Change
South Lake One	12.13 mm	$24.38 mm	0.0%
Quiroga Moreno Isidoro	11.73 mm	$129.05 mm	0.0%
Armistice Capital	2.57 mm	$5.56 bn	NEW
InCube Ventures II	2.57 mm	$41.96 mm	0.0%
Vanguard	709.83 k	$1.53 bn	0.0%
Nan Fung	493.58 k	$1.07 bn	0.0%
GOOG Alphabet	448.49 k	$968.74 mm	0.0%
SF Stifel Financial	269.77 k	$582.70 mm	+100.4%
Geode Capital Management	172.26 k	$372.16 mm	+14.3%
NTRS Northern Trust	105.63 k	$228.17 mm	+199.2%

Largest transactions	Shares	Bought/sold	Change
Armistice Capital	2.57 mm	+2.57 mm	NEW
United Services Automobile Association	0.00	-312.10 k	EXIT
SF Stifel Financial	269.77 k	+135.15 k	+100.4%
BAC Bank of America	0.00	-91.85 k	EXIT
NTRS Northern Trust	105.63 k	+70.33 k	+199.2%
BlackRock	63.58 k	+63.58 k	NEW
BLK BlackRock	0.00	-63.58 k	EXIT
King Luther Capital Management	81.13 k	+25.00 k	+44.5%
Geode Capital Management	172.26 k	+21.53 k	+14.3%
Marshall Wace	0.00	-21.25 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

RANI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Dec 24	Laureen Debuono	Stock Option Class A Common Stock	Grant	Acquire A	No	No	9.44	18,875	178.18 k	135,896
16 Dec 24	Laureen Debuono	Stock Option Class A Common Stock	Sale back to company	Dispose D	No	No	2.84	18,875	53.61 k	0
16 Dec 24	Laureen Debuono	Stock Option Class A Common Stock	Grant	Acquire A	No	No	4.11	101,276	416.24 k	101,276
16 Dec 24	Laureen Debuono	Stock Option Class A Common Stock	Sale back to company	Dispose D	No	No	2.84	101,276	287.62 k	0
16 Dec 24	Ausiello Dennis A	Stock Option Class A Common Stock	Grant	Acquire A	No	No	9.44	15,423	145.59 k	79,317
16 Dec 24	Ausiello Dennis A	Stock Option Class A Common Stock	Sale back to company	Dispose D	No	No	2.84	15,423	43.80 k	0
16 Dec 24	Ausiello Dennis A	Stock Option Class A Common Stock	Grant	Acquire A	No	No	4.11	101,276	416.24 k	101,276
16 Dec 24	Ausiello Dennis A	Stock Option Class A Common Stock	Sale back to company	Dispose D	No	No	2.84	101,276	287.62 k	0
16 Dec 24	Maulik Nanavaty	Stock Option Class A Common Stock	Grant	Acquire A	No	No	9.44	15,423	145.59 k	79,317
16 Dec 24	Maulik Nanavaty	Stock Option Class A Common Stock	Sale back to company	Dispose D	No	No	2.84	15,423	43.80 k	0

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

News

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