Elanco Animal Health jumps after CEO, CFO unveil stock purchases

Pet vaccine maker Elanco's ELAN.N shares up 5% before the bell at $22.79 after senior officers disclosed stock buys

CEO Jeffrey Simmons purchased 22,000 shares valued at nearly $480,000 and CFO Robert VanHimbergen bought roughly 7,000 shares worth about $150,000 on Dec 11, according to regulatory filings late Mon

Following the transactions, Simmons directly owned 1.8 mln shares and indirectly owned 167,000 shares, while VanHimbergen's ownership boosted to about 124,000 shares, the filings show

In addition, executive VP Rajeev Modi bought 4,500 shares valued at about $96,000 on Dec 11, taking his holdings to about 123,000 shares, per a filing

Indianapolis, Indiana-based ELAN has about 496.9 mln shares outstanding

At its investor day on Dec 9, ELAN forecasted innovation products rev of approx $1.1 bln in 2026

Through Mon close, ELAN stock up 79% YTD

14 of 16 analysts rate the stock "strong buy" or "buy", 2 rate "hold"; their median PT is $25, per LSEG data