Caryn Gordon Mcdowell Sells 10,131 Shares of Cytokinetics, Incorporated (CYTK) Stock
Cytokinetics, Incorporated (NASDAQ:CYTK) insider Caryn Gordon Mcdowell sold 10,131 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $14.60, for a total transaction of $147,912.60. Following the completion of the transaction, the insider now owns 19,801 shares in the company, valued at approximately $289,094.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Caryn Gordon Mcdowell also recently made the following trade(s):
- On Tuesday, August 8th, Caryn Gordon Mcdowell sold 11,348 shares of Cytokinetics, stock. The shares were sold at an average price of $12.47, for a total transaction of $141,509.56.
Cytokinetics, Incorporated (NASDAQ CYTK) traded up 1.73% during mid-day trading on Friday, reaching $14.70. 196,159 shares of the company’s stock were exchanged. The stock’s market cap is $788.89 million. The company has a 50-day moving average of $13.50 and a 200-day moving average of $13.36. Cytokinetics, Incorporated has a 52-week low of $8.51 and a 52-week high of $17.20.
Cytokinetics, (NASDAQ:CYTK) last posted its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.57) by $0.03. The business had revenue of $3.05 million during the quarter, compared to analysts’ expectations of $5.28 million. Cytokinetics, had a negative return on equity of 14.15% and a negative net margin of 16.00%. Equities research analysts anticipate that Cytokinetics, Incorporated will post ($2.46) earnings per share for the current year.
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CYTK has been the topic of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of Cytokinetics, in a research note on Friday, May 19th. ValuEngine upgraded shares of Cytokinetics, from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Cytokinetics, from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, July 11th. BidaskClub raised shares of Cytokinetics, from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Morgan Stanley began coverage on shares of Cytokinetics, in a report on Monday, July 31st. They issued an “overweight” rating and a $24.00 price objective for the company. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $21.30.
Large investors have recently modified their holdings of the stock. Alambic Investment Management L.P. grew its stake in Cytokinetics, by 115.9% during the first quarter. Alambic Investment Management L.P. now owns 28,500 shares of the biopharmaceutical company’s stock valued at $366,000 after acquiring an additional 15,300 shares in the last quarter. Piermont Capital Management Inc. purchased a new position in Cytokinetics, during the first quarter valued at approximately $612,000. Capital Fund Management S.A. purchased a new position in Cytokinetics, during the first quarter valued at approximately $213,000. Fox Run Management L.L.C. purchased a new position in Cytokinetics, during the second quarter valued at approximately $436,000. Finally, Gotham Asset Management LLC purchased a new position in Cytokinetics, during the first quarter valued at approximately $641,000. 71.51% of the stock is owned by institutional investors.
Cytokinetics, Incorporated is a late-stage biopharmaceutical company. The Company is focused on discovering, developing and commercializing first-in-class muscle activators as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. It is focused on the discovery and development of small molecule therapeutics that modulate muscle function for the treatment of serious diseases and medical conditions.
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