Omeros director Thomas Cable sells $276,772 in company stock

Omeros Corp's director, Thomas Cable, offloaded 15,000 shares of the company's common stock on August 20, 2026, netting $276,772 from the sale. The shares were traded at a weighted average price of $18.4515 per share, with individual trades ranging from $18.23 to $18.72. This sale comes amidst a significant price surge for the stock, which has increased by 330% over the past year and is now trading near its 52-week high of $19.58.

Despite this, analysts suggest that Omeros may be overvalued at its current price compared to its estimated fair value. In a separate transaction, Cable also purchased 15,000 shares of Omeros stock through the exercise of stock options. This included 7,500 shares bought at $2.00 per share and another 7,500 shares at $3.93 per share, totaling $44,475.

After these transactions, Cable now directly owns 35,067 shares of Omeros Corp. The company recently reported strong second-quarter earnings, surpassing expectations with adjusted earnings of $0.02 per share and revenue of $28.5 million. These results come after the company launched its new drug, YARTEMLEA, which contributed to the impressive financial performance.