Fairmount Funds Management Divests $127.4 Million in Cogent Biosciences Shares Amid Soaring Stock Performance
Fairmount Funds Management LLC, a director entity of Cogent Biosciences, executed a major sale of 3.5 million shares at $36.40 each, totaling $127.4 million on January 22, 2026. This transaction took place while Cogent’s stock approached its 52-week peak, reflecting exceptional growth. Despite the sale, the fund retains a substantial stake, and the…