Novavax (NVAX)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	588.59 mm	588.59 mm	588.59 mm	588.59 mm	588.59 mm	588.59 mm
Cash burn (monthly)	(no burn)	(no burn)	44.67 mm	49.53 mm	(no burn)	24.96 mm
Cash used (since last report)	n/a	n/a	125.09 mm	138.69 mm	n/a	69.90 mm
Cash remaining	n/a	n/a	463.50 mm	449.90 mm	n/a	518.68 mm
Runway (months of cash)	n/a	n/a	10.4	9.1	n/a	20.8

Beta Read what these cash burn values mean

Financial data from Novavax earnings reports.

Institutional ownership, Q2 2024

NVAX institutional ownership history Ownership history

75.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	235	188	+25.0%
Opened positions	73	50	+46.0%
Closed positions	26	41	-36.6%
Increased positions	58	51	+13.7%
Reduced positions	52	36	+44.4%

13F shares	Current	Prev Q	Change
Total value	1.05 tn	334.92 bn	+212.1%
Total shares	90.05 mm	76.88 mm	+17.1%
Total puts	8.98 mm	4.82 mm	+86.1%
Total calls	5.34 mm	3.79 mm	+40.9%
Total put/call ratio	1.7	1.3	+32.0%

Largest owners	Shares	Value	Change
Vanguard	14.08 mm	$178.19 bn	+4.3%
BLK BlackRock	11.85 mm	$149.98 bn	+25.6%
Shah Capital Management	9.66 mm	$122.32 bn	+19.0%
SK Bioscience	6.50 mm	$85.22 mm	0.0%
D. E. Shaw & Co.	6.32 mm	$80.04 bn	NEW
STT State Street	6.07 mm	$76.80 bn	-64.1%
Geode Capital Management	3.20 mm	$40.50 bn	+23.6%
Coatue Management	2.62 mm	$33.23 bn	NEW
Voloridge Investment Management	2.11 mm	$26.66 bn	NEW
BMO Bank of Montreal	2.04 mm	$29.05 bn	+208.2%

Largest transactions	Shares	Bought/sold	Change
STT State Street	6.07 mm	-10.84 mm	-64.1%
D. E. Shaw & Co.	6.32 mm	+6.32 mm	NEW
Coatue Management	2.62 mm	+2.62 mm	NEW
BLK BlackRock	11.85 mm	+2.42 mm	+25.6%
Voloridge Investment Management	2.11 mm	+2.11 mm	NEW
Jane Street	1.88 mm	+1.79 mm	+1954.5%
Shah Capital Management	9.66 mm	+1.54 mm	+19.0%
Rafferty Asset Management	261.87 k	-1.42 mm	-84.4%
BMO Bank of Montreal	2.04 mm	+1.38 mm	+208.2%
Two Sigma Advisers	1.34 mm	+1.34 mm	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NVAX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
11 Dec 24	Casey Mark J	Common Stock	Payment of exercise	Dispose F	No	No	8.82	12,713	112.13 k	29,187
11 Dec 24	Casey Mark J	Common Stock	Option exercise	Acquire M	No	No	0	41,900	0.00	41,900
11 Dec 24	Casey Mark J	RSU Common Stock	Option exercise	Dispose M	No	No	0	41,900	0.00	83,798
11 Nov 24	Ruxandra Draghia-Akli	RSU Common Stock	Grant	Acquire A	No	No	0	42,770	0.00	42,770
11 Nov 24	Ruxandra Draghia-Akli	Stock Option Common Stock	Grant	Acquire A	No	No	9.01	64,150	577.99 k	64,150
19 Aug 24	Trizzino John	Common Stock	Payment of exercise	Dispose F	No	No	13.9	317	4.41 k	28,310
19 Aug 24	Trizzino John	Common Stock	Option exercise	Acquire M	No	No	0	655	0.00	28,627
19 Aug 24	Trizzino John	RSU Common Stock	Option exercise	Dispose M	No	No	0	655	0.00	0
16 Aug 24	James Patrick Kelly	Common Stock	Payment of exercise	Dispose F	No	No	12.96	1,223	15.85 k	14,429
16 Aug 24	James Patrick Kelly	Common Stock	Option exercise	Acquire M	No	No	12.96	2,367	30.68 k	15,652