Praxis Stock Has Surged 700% in a Year, and This Fund Is Betting $266 Million on Its Pipeline [Yahoo! Finance]
Praxis Precision Medicines, Inc. (PRAX)
Company Research
Source: Yahoo! Finance
What happened According to a filing with the U.S. Securities and Exchange Commission on February 17, 2026, Deerfield Management Company purchased an additional 62,500 shares of Praxis Precision Medicines. The estimated transaction value was $11.64 million, calculated using the average closing price for the fourth quarter of 2025. The fund's PRAX position's value increased by $221.69 million over the quarter, a change that includes both trading activity and stock price movement. What else to know Following the buy, the PRAX stake represented 3.4% of Deerfield Management Company's 13F reportable AUM as of December 31, 2025. Top five holdings after the filing: NASDAQ: NUVL: $1.74 billion (25.4% of AUM) NASDAQ: COGT: $321.24 million (4.7% of AUM) NASDAQ: PRAX: $266.25 million (3.9% of AUM) NYSE: CNC: $265.34 million (3.9% of AUM) NASDAQ: VTRS: $251.57 million (3.7% of AUM) As of Friday, shares of PRAX were priced at $303.37, up a staggering 685% over the past year and
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PRAX
News
- Praxis Precision Medicines (PRAX) was upgraded by Truist Financial Corporation to "strong-buy".MarketBeat
- Biotech Stock Still Up 700% Despite 30% Drop This Year as One Fund Discloses $9 Million Exit [Yahoo! Finance]Yahoo! Finance
- Will Extended Cash Runway And Dual FDA Filings Shift Praxis Precision Medicines' (PRAX) Narrative Toward Commercialization? [Yahoo! Finance]Yahoo! Finance
- This Biotech Stock Up 700% Is Still a Top Holding Despite a $9.3 Million Sale Last Quarter [Yahoo! Finance]Yahoo! Finance
- Is Praxis Precision Medicines (PRAX) Still Attractive After Its Big Share Price Run? [Yahoo! Finance]Yahoo! Finance
PRAX
Earnings
- 2/19/26 - Miss
PRAX
Sec Filings
- 3/27/26 - Form SCHEDULE
- 2/19/26 - Form S-8
- 2/19/26 - Form 10-K
- PRAX's page on the SEC website