RNA

RNA Earnings Preview

Atrium Therapeutics, Inc. · Healthcare · $222M

14d until earnings

RNA Earnings

Monday, May 11 2026
Revenue Estimate
$2M
Current Price
$13.66

Our Position

neutral · high

Novartis merger vote rescheduled, close imminent

The delay is purely procedural and de-risks deal execution. With both the Atrium spin-off distribution and Novartis merger closing locked into consecutive days, the structural complexity is now resolved. Hedge fund momentum into the deal suggests sophisticated money views this as a favorable outcome for RNA shareholders heading into the Novartis integration.

Watch: Watch for the shareholder vote on February 26 — a rubber stamp at this point — and the actual merger close on February 27. Any last-minute regulatory snag would be the only surprise, but the rescheduled timeline suggests deal mechanics are locked.

Data Signal Summary

0 bullish
3 bearish
Insider selling cluster Put/call 2.5 (bearish skew) Price downtrend

Key Context

Insider Activity
selling
Price Trend
downtrend
From 52w High
-6.0%
Analyst Target (mean)
$25 $25–$25 +83%
Options P/C Ratio
2.51
Est. Dispersion
0% 1 analysts
Insider Cluster
strong sell
Fund Convergence
strong Citadel, Soros, D.E. Shaw, Renaissance

Recent Activity

insider trades 141 transactions
Sell · LEVIN ARTHUR A. (Director) ·1,758 shares ·$127,367
Sell · MACLEAN MICHAEL F. (Chief Financial Officer) ·4,542 shares ·$329,068
Sell · BOYCE SARAH (Chief Executive Officer) ·14,387 shares ·$1,042,338
Sell · HUGHES STEVEN GEORGE (Officer) ·4,895 shares ·$354,643
Sell · FLANAGAN WILLIAM MICHAEL (Officer) ·6,534 shares ·$473,388
136 more
Sell · MCCARTHY TERESA ·2,929 shr ·$212,206
Sell · MACLEAN MICHAEL F. ·1,974 shr ·$142,582
Sell · MORIARTY JOHN B ·2,374 shr ·$171,474
Sell · BOYCE SARAH ·8,576 shr ·$619,444
Sell · HUGHES STEVEN GEORGE ·2,373 shr ·$171,402
Sell · FLANAGAN WILLIAM MICHAEL ·2,373 shr ·$171,402
Sell · MCCARTHY TERESA ·1,965 shr ·$141,932
Sell · CALDERARO CHARLES III ·3,727 shr ·$269,201
Other · LEVIN ARTHUR A. ·1,330 shr
Other · BOYCE SARAH ·29,159 shr
Award · MORIARTY JOHN B ·56,000 shr
Award · BOYCE SARAH ·31,000 shr
Award · MOSBROOKER ERIC B. ·72,000 shr
Award · FLANAGAN WILLIAM MICHAEL ·27,500 shr
Award · MCCARTHY TERESA ·39,000 shr
Award · CALDERARO CHARLES III ·23,250 shr
Award · GALLAGHER KATHLEEN P ·72,000 shr
Sell · HUGHES STEVEN GEORGE ·2,209 shr ·$105,015
Exercise · HUGHES STEVEN GEORGE ·2,209 shr ·$22,443
Sell · MCCARTHY TERESA ·20,000 shr ·$1,003,058
Exercise · MCCARTHY TERESA ·20,000 shr ·$446,800
Sell · MOSBROOKER ERIC B. ·6,562 shr ·$297,771
Exercise · MOSBROOKER ERIC B. ·6,562 shr ·$59,386
Sell · HUGHES STEVEN GEORGE ·2,208 shr ·$89,601
Exercise · HUGHES STEVEN GEORGE ·2,208 shr ·$22,433
Sell · HUGHES STEVEN GEORGE ·1,542 shr ·$70,022
Sell · MCCARTHY TERESA ·15,000 shr ·$621,142
Exercise · HUGHES STEVEN GEORGE ·1,542 shr ·$10,131
Exercise · MCCARTHY TERESA ·15,000 shr ·$335,100
Sell · FLANAGAN WILLIAM MICHAEL ·20,000 shr ·$778,702
Exercise · FLANAGAN WILLIAM MICHAEL ·20,000 shr ·$284,400
Sell · WILSON TROY EDWARD ·29,500 shr ·$1,475,000
Sell · BOYCE SARAH ·50,000 shr ·$2,497,435
Exercise · WILSON TROY EDWARD ·14,500 shr ·$180,960
Exercise · BOYCE SARAH ·50,000 shr ·$62,000
Sell · MOSBROOKER ERIC B. ·6,563 shr ·$308,936
Exercise · MOSBROOKER ERIC B. ·6,563 shr ·$59,395
Sell · GALLAGHER KATHLEEN P ·188 shr ·$8,915
Sell · BOYCE SARAH ·25,000 shr ·$1,234,700
Exercise · BOYCE SARAH ·25,000 shr ·$31,000
Sell · HUGHES STEVEN GEORGE ·2,208 shr ·$102,462
Sell · MCCARTHY TERESA ·10,000 shr ·$465,632
Exercise · MCCARTHY TERESA ·10,000 shr ·$223,400
Sell · HUGHES STEVEN GEORGE ·1,542 shr ·$71,950
Sell · LEVIN ARTHUR A. ·107,500 shr ·$5,118,881
Sell · MACLEAN MICHAEL F. ·30,914 shr ·$1,320,844
Sell · WILSON TROY EDWARD ·95,054 shr ·$4,277,430
Sell · MOSBROOKER ERIC B. ·130,807 shr ·$5,763,697
Sell · HUGHES STEVEN GEORGE ·81,434 shr ·$3,480,269
Exercise · LEVIN ARTHUR A. ·107,500 shr ·$2,401,550
Exercise · WILSON TROY EDWARD ·29,500 shr ·$358,260
Exercise · MOSBROOKER ERIC B. ·124,687 shr ·$1,128,417
Exercise · HUGHES STEVEN GEORGE ·47,451 shr ·$579,180
Sell · MORIARTY JOHN B ·2,245 shr ·$81,291
Sell · GALLAGHER KATHLEEN P ·911 shr ·$27,549
Sell · FLANAGAN WILLIAM MICHAEL ·20,000 shr ·$657,694
Award · LEVIN ARTHUR A. ·6,692 shr
Award · BOESS CARSTEN ·6,692 shr
Award · KAYE EDWARD M ·6,692 shr
Award · WILSON TROY EDWARD ·6,692 shr
Award · HENIG NOREEN ·6,692 shr
Award · KIM JEAN JINSUN ·6,692 shr
Award · THOMPSON TAMAR ·6,692 shr
Award · SKERJANEC SIMONA ·6,692 shr
Sell · GALLAGHER KATHLEEN P ·5,875 shr ·$190,833
Exercise · GALLAGHER KATHLEEN P ·5,875 shr ·$97,819
Sell · GALLAGHER KATHLEEN P ·5,875 shr ·$190,324
Sell · GALLAGHER KATHLEEN P ·5,875 shr ·$163,486
Exercise · GALLAGHER KATHLEEN P ·5,875 shr ·$87,004
Sell · MACLEAN MICHAEL F. ·7,935 shr ·$246,425
Sell · BOYCE SARAH ·31,540 shr ·$979,563
Sell · HUGHES STEVEN GEORGE ·9,578 shr ·$297,491
Sell · FLANAGAN WILLIAM MICHAEL ·11,780 shr ·$365,868
Sell · MCCARTHY TERESA ·7,778 shr ·$241,583
Sell · FLANAGAN WILLIAM MICHAEL ·20,000 shr ·$602,614
Sell · GALLAGHER KATHLEEN P ·5,875 shr ·$172,807
Exercise · GALLAGHER KATHLEEN P ·5,875 shr ·$86,362
Sell · GALLAGHER KATHLEEN P ·5,875 shr ·$188,918
Sell · GALLAGHER KATHLEEN P ·9,411 shr ·$277,912
Sell · LEVIN ARTHUR A. ·1,872 shr ·$53,537
Sell · MACLEAN MICHAEL F. ·3,287 shr ·$93,985
Sell · BOYCE SARAH ·10,397 shr ·$297,291
Sell · HUGHES STEVEN GEORGE ·3,947 shr ·$112,856
Sell · FLANAGAN WILLIAM MICHAEL ·5,672 shr ·$162,192
Sell · MCCARTHY TERESA ·2,959 shr ·$84,612
Award · MACLEAN MICHAEL F. ·25,000 shr
Award · MORIARTY JOHN B ·25,000 shr
Award · BOYCE SARAH ·82,500 shr
Award · MOSBROOKER ERIC B. ·25,000 shr
Award · HUGHES STEVEN GEORGE ·25,000 shr
Award · FLANAGAN WILLIAM MICHAEL ·25,000 shr
Award · MCCARTHY TERESA ·25,000 shr
Award · CALDERARO CHARLES III ·40,000 shr
Award · GALLAGHER KATHLEEN P ·25,000 shr
Sell · MACLEAN MICHAEL F. ·11,151 shr ·$364,192
Sell · BOYCE SARAH ·31,855 shr ·$1,040,384
Sell · FLANAGAN WILLIAM MICHAEL ·12,742 shr ·$416,154
Sell · MCCARTHY TERESA ·11,151 shr ·$364,192
Sell · MCCARTHY TERESA ·25,000 shr ·$831,605
Exercise · MCCARTHY TERESA ·25,000 shr ·$355,500
Sell · FLANAGAN WILLIAM MICHAEL ·24,000 shr ·$858,401
Exercise · FLANAGAN WILLIAM MICHAEL ·24,000 shr ·$539,280
Sell · LEVIN ARTHUR A. ·3,323 shr ·$139,973
Exercise · LEVIN ARTHUR A. ·3,323 shr ·$4,121
Sell · MCCARTHY TERESA ·25,000 shr ·$1,028,520
Sell · MACLEAN MICHAEL F. ·106,319 shr ·$4,843,979
Exercise · MACLEAN MICHAEL F. ·79,057 shr ·$666,064
Sell · LEVIN ARTHUR A. ·5,000 shr ·$233,168
Exercise · LEVIN ARTHUR A. ·5,000 shr ·$6,200
Sell · MCCARTHY TERESA ·25,000 shr ·$1,213,010
Sell · THOMPSON TAMAR ·30,000 shr ·$1,349,259
Exercise · THOMPSON TAMAR ·30,000 shr ·$828,900
Sell · FLANAGAN WILLIAM MICHAEL ·62,500 shr ·$2,976,112
Exercise · FLANAGAN WILLIAM MICHAEL ·62,500 shr ·$1,671,875
Sell · MACLEAN MICHAEL F. ·11,510 shr ·$506,440
Sell · BOYCE SARAH ·32,880 shr ·$1,446,723
Sell · FLANAGAN WILLIAM MICHAEL ·25,000 shr ·$1,098,733
Sell · MCCARTHY TERESA ·13,153 shr ·$578,737
Award · MACLEAN MICHAEL F. ·50,000 shr
Award · BOYCE SARAH ·125,000 shr
Award · FLANAGAN WILLIAM MICHAEL ·50,000 shr
Award · MCCARTHY TERESA ·50,000 shr
Sell · LEVIN ARTHUR A. ·5,000 shr ·$228,658
Sell · FLANAGAN WILLIAM MICHAEL ·111,394 shr ·$4,500,244
Sell · MCCARTHY TERESA ·25,000 shr ·$1,010,042
Exercise · FLANAGAN WILLIAM MICHAEL ·96,500 shr ·$2,435,855
Other · LEVIN ARTHUR A. ·22,500 shr
Sell · LEVIN ARTHUR A. ·5,000 shr ·$225,946
Sell · BOYCE SARAH ·28,000 shr ·$1,213,822
Exercise · BOYCE SARAH ·28,000 shr ·$34,720
Sell · LEVIN ARTHUR A. ·5,000 shr ·$225,069
Sell · BOYCE SARAH ·28,000 shr ·$1,118,082
Award · YOUNIS HUSAM ·30,000 shr
Award · HOYOS ROCIO MARTIN ·30,000 shr
Award · KENNEY STEPHANIE ·30,000 shr
Award · WINSLOW BRENDAN R ·30,000 shr