PRIMECAP Management acquired 5.72M Allogene Therapeutics shares worth $6.35M. That's 0.00% of their equity portfolio (277th largest holding). The investor owns 2.53% of the outstanding Allogene Therapeutics stock. The first Allogene Therapeutics trade was made in Q4 2020. Since then PRIMECAP Management bought shares twelve more times and sold shares on six occasions. The investor's estimated purchase price is $113M, resulting in a loss of 94%.
Allogene's (ALLO) fourth-quarter earnings beat estimates, but sales miss the mark. Management expects operating expenses for 2024 to be around $280 million.