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EdgarHawk

Cheng Andrew

President and CEO

Director Officer
13 filings analyzed · 1 company · Latest 2025-10-14

Companies

Company Buys Sells Direction
Akero Therapeutics, Inc. AKRO 0 42 Net selling

Activity

October 2025
medium
Sell
30,000 shares
$1,619,340
Significance 6/10

CEO Cheng Andrew sold 30,000 shares of AKRO at $53.98; stock up 23.8% in 30 days, unprofitable company

Cheng Andrew, President and CEO, sold 30,000 shares (5.4% of pre-transaction holdings) at $53.98 on 2025-10-10, realizing $1,619,340.00 in proceeds. The sale occurred after a strong 23.8% 30-day rally and comes as the company reported negative net income of $-70,505,000.00 for its most recent full fiscal year. Within the same ticker, his four most recent sales (three on 2025-09-10 and one on 2025-09-11) have each generated 20.8%–25.3% post-sale gains within 30 days, though timing outcomes at the 90-day mark remain unmeasurable for all prior AKRO trades. His cross-ticker track record shows an average 90-day return of -0.2% following sells and a 61.54% well-timed rate, indicating mixed historical success at identifying inflection points before declines.

September 2025
high
Sell
31,796 shares
$1,374,665
Significance 6/10

CEO Cheng Andrew sells 31,796 shares ($1.4M) across 4 transactions at $42.99–$44.62; stock down 24.5% from 52-week high.

Cheng Andrew, President and CEO of Akero Therapeutics, executed 4 separate sales totaling 31,796 shares (31.8K shares) for $1,374,665.15 ($1.4M) on September 10–11, 2025, at prices ranging from $42.99 to $44.62, reducing his holdings by 6.3% to 473,902 shares. The company remains unprofitable with a net loss of $70,505,000.00 over the most recent full fiscal year. Akero's stock has declined 24.5% from its 52-week high of $57.56 and is down 10.0% over the past 30 days, continuing a 21.9% decline over 90 days. The CEO's recent prior sales at this ticker on August 11 and July 10, 2025, have all shown negative returns: 30-day outcomes of -12.5%, -10.0%, -11.5%, -2.5%, and -0.2%, though 90-day outcomes on those earlier trades are not yet measurable.

August 2025
high
Sell
30,000 shares
$1,457,596
Significance 6/10

CEO Cheng Andrew sold 30,000 shares (30.0K shares) for $1,457,595.98 in 3 separate transactions at AKRO on 2025-08-11; stock near 52-week lows.

Cheng Andrew, President and CEO, executed 3 separate sales totaling 30,000 shares (30.0K shares) for $1,457,595.98, reducing his holdings by 5.8% to 490,757 shares (490.8K shares). The sales occurred at prices between $48.07 and $49.44, while the stock currently trades at $48.31, down 16.1% from its 52-week high of $57.56 and down 8.4% over the past 30 days despite a 20.9% gain over the prior 90 days. The company is unprofitable with a net loss of $70,505,000.00 in its most recent full fiscal year. His same-ticker transaction history at AKRO shows 5 prior sells with mixed near-term results (30-day returns ranging from -0.2% to -4.3%), though longer-term timing outcomes remain unmeasurable. This large sale by the CEO during a period of stock weakness and amid operating losses warrants tracking to understand whether it reflects broader strategic reassessment or portfolio balancing by management.

July 2025
medium
Sell
30,000 shares
$1,534,895
Significance 5/10

CEO Andrew Cheng sells 30,000 AKRO shares for $1,534,894.87 across 2 transactions on 2025-07-10.

Andrew Cheng, President and CEO of Akero Therapeutics, executed 2 separate sales totaling 30,000 shares (30.0K shares) for $1,534,894.87 ($1.5M) at an average price of $51.16, reducing his holdings by 5.4% to 520,757 shares (520.8K shares). The current stock price of $51.57 is near the transaction prices and sits 10.4% below the 52-week high of $57.56, suggesting the sales occurred at a relative peak within the recent range. The company remains unprofitable with net income of $-70,725,000.00 ($-70.7M) over its most recent full fiscal year. Cheng's prior sales at AKRO have shown mixed near-term outcomes—three June sales declined 3.7% to 4.3% over 30 days, while two May sales rose 27.2% to 29.2% over 30 days—and his cross-ticker track record shows 20 prior sells with an average 90-day return of +4.6%, which indicates his sales have historically been poorly timed across his open-market trading history overall. The filing warrants review for context regarding the timing and volume of the sale relative to any company-specific developments.

June 2025
high
Sell
37,837 shares
$2,044,940
Significance 6/10

AKRO CEO Cheng sold 37,837 shares at $54.05 avg for $2.0M; stock at 52-week highs near $57.56

Cheng Andrew, President and CEO, executed 3 separate sales totaling 37,837 shares for $2,044,939.67 at a blended average price of $54.05 on 2025-06-10, reducing his holdings by 6.4% to 556,487 shares. The sales occurred near the company's 52-week high of $57.56 (current price $53.56 is -7.0% from that peak), following a 33.9% surge over the prior 30 days and 21.3% gain over 90 days. Akero is unprofitable with net income of -$70,725,000 for the most recent full fiscal year. Across his cross-ticker track record of 20 prior sells, the insider's 90-day timing outcome has been mixed (70.59% well-timed rate), but at AKRO specifically, his 5 prior trades show 0 of 2 measurable 90-day sells were well-timed (both posted positive returns post-sale), suggesting his sales at this company have historically underperformed on timing.

May 2025
medium
Sell
30,000 shares
$1,244,455
Significance 6/10

CEO Andrew Cheng sold 30,000 shares ($1.2M) at $41.48 avg; stock at $40.01, down 30.5% from 52-week high

Cheng Andrew, President and CEO of Akero Therapeutics, executed 2 separate sales totaling 30,000 shares (30.0K shares) for $1,244,455.20 on 2025-05-12, reducing his holdings from 624,324 shares to 594,324 shares, a 4.8% decrease. The blended average sale price of $41.48 is modestly above the current market price of $40.01, placing the sales near recent trading levels. Akero reported a negative net income of $-70,725,000.00 for the most recent full fiscal year. His prior trades at this ticker show 2 of 2 measurable sales were well-timed at the 90-day mark (both followed by stock declines of -26.9% and -28.6%), and his cross-ticker track record across 20 prior sells demonstrates an 82.35% well-timed rate. The stock is currently down 19.1% over the past 90 days and down 30.5% from its 52-week high of $57.56.

April 2025
medium
Sell
30,000 shares
$1,056,780
Significance 5/10

CEO Cheng Andrew sold 30,000 shares of AKRO at $35.23; stock now -38.0% from 52-week high, down -22.2% in 30 days.

Cheng Andrew, President and CEO, sold 30,000 shares (representing -4.6% of pre-transaction holdings) on 2025-04-10 at $35.23, reducing his stake to 624.3K shares. The stock has declined -22.2% over the past 30 days and is -38.0% from its 52-week high of $57.56, trading now at $35.66. His prior trades at AKRO show a consistent pattern: five recent sales spanning February through March exhibited negative 30-day returns ranging from -10.5% to -15.9%, with no measurable 90-day outcomes yet to assess. The company is unprofitable with a -$72.7M net income over its most recent full fiscal year, operating in a $2.8B market cap. The convergence of significant price weakness post-sale, a series of recent insider sales, and underlying financial losses warrants observation of whether this represents continued liquidation amid deteriorating fundamentals.

March 2025
medium
Sell
30,000 shares
$1,253,069
Significance 6/10

CEO Cheng Andrew sold 30,000 shares for $1,253,069.47 at blended $41.77 (4.4% of holdings); stock up 57.9% in 90 days but down 10.4% in 30 days, company unprofitable.

CEO Andrew Cheng executed 2 separate sales totaling 30,000 shares for $1,253,069.47 on March 10, 2025, at a blended average price of $41.77, reducing his holdings from 686.1K to 656.1K shares. The sale occurred while the stock is -10.4% over the past 30 days despite a +57.9% surge over 90 days and a current price of $45.85, which is -20.3% below the 52-week high. His cross-ticker track record across 20 prior open-market sells shows a 75.00% well-timed rate with an average 90-day return of -10.6%, but his same-ticker history at AKRO shows 5 prior sells on February 10, 2025 with uniformly negative 30-day returns (-14.6% to -17.8%) and insufficient time-to-measurable-outcome data at the 90-day mark. The company reported a net loss of $-72.7M on a market cap of $3.7B, indicating ongoing unprofitability. The contrast between strong longer-term momentum and recent price weakness, combined with the company's negative earnings, presents investors with mixed signals about near-term momentum versus fundamental health.

February 2025
high
Sell
30,000 shares
$1,581,994
Significance 6/10

AKRO CEO Cheng sells 30,000 shares across 5 transactions for $1.6M (2025-02-10) as stock rallies +101.1% in 30 days.

Akero Therapeutics CEO Andrew Cheng executed 5 separate sales totaling 30,000 shares for $1,581,994.19 on 2025-02-10, reducing his stake from 716.1K to 686.1K shares (-4.2%). The sales occurred at prices ranging from $51.75 to $55.81 (blended average $52.73), occurring within a period of significant recent momentum: the stock has surged +101.1% over the past 30 days and trades at 92% of its 52-week high of $57.56. Cheng's cross-ticker track record shows a 68.75% well-timed sell rate with a -7.5% average 90-day return, but at AKRO specifically, his prior measurable trade (2024-11-01) delivered a -13.3% 30-day return and +75.9% 90-day return—poorly timed against the eventual stock appreciation. The company remains unprofitable with net income of -$72,705,000.00 over its most recent full fiscal year, and the current trading price of $49.95 is now below the blended sale price of $52.73, indicating post-transaction depreciation.

January 2025
medium
Sell
30,000 shares
$1,646,978
Significance 6/10

CEO Cheng Andrew sold 30,000 AKRO shares for $1.6M at peak 52-week prices amid +93.1% rally in 30 days

Cheng Andrew (President and CEO) executed three separate sales totaling 30,000 shares for $1,646,977.98 on 2025-01-27, at a blended average price of $54.90. This sale occurred at the 52-week high of $54.00, following a dramatic 30-day rally of +93.1% and a 90-day rally of +75.2%. His cross-ticker track record shows 20 prior sells with an 82.35% well-timed rate (meaning 82.35% of those sales preceded subsequent stock declines over 90 days), though prior same-ticker outcomes at AKRO are mixed: 2 of 2 measurable 90-day outcomes showed declines (−25.2%, −23.8%), but two recent sales lack yet-measurable 90-day data. Post-sale, Cheng retains 716,062 shares (−4.0% of pre-transaction holdings). The company remains unprofitable with net income of $−72,705,000.00 for its most recent full fiscal year, raising the significance of executive liquidity actions at elevated valuations near year-highs.

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