CytomX Therapeutics, Inc. (NASDAQ:CTMX) major shareholder Robert I. Tepper sold 24,777 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $24.34, for a total value of $603,072.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of CytomX Therapeutics, Inc. (CTMX) traded up 21.53% during mid-day trading on Wednesday, hitting $23.09. The stock had a trading volume of 3,352,455 shares. The stock’s market cap is $851.26 million. The firm has a 50 day moving average of $16.66 and a 200 day moving average of $15.57. CytomX Therapeutics, Inc. has a one year low of $9.85 and a one year high of $24.67.

CytomX Therapeutics (NASDAQ:CTMX) last posted its earnings results on Monday, August 7th. The biotechnology company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.30). CytomX Therapeutics had a negative net margin of 206.33% and a negative return on equity of 84.61%. The firm had revenue of $8.75 million during the quarter, compared to the consensus estimate of $4.95 million. On average, analysts forecast that CytomX Therapeutics, Inc. will post ($1.49) earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of CytomX Therapeutics by 27.8% in the second quarter. California State Teachers Retirement System now owns 51,430 shares of the biotechnology company’s stock valued at $797,000 after acquiring an additional 11,200 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of CytomX Therapeutics by 36.9% in the second quarter. The Manufacturers Life Insurance Company now owns 23,529 shares of the biotechnology company’s stock valued at $365,000 after acquiring an additional 6,342 shares during the last quarter. Redmile Group LLC raised its stake in shares of CytomX Therapeutics by 2.4% in the second quarter. Redmile Group LLC now owns 698,392 shares of the biotechnology company’s stock valued at $10,825,000 after acquiring an additional 16,500 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of CytomX Therapeutics in the second quarter valued at approximately $174,000. Finally, State Street Corp raised its stake in shares of CytomX Therapeutics by 58.8% in the second quarter. State Street Corp now owns 446,315 shares of the biotechnology company’s stock valued at $6,914,000 after acquiring an additional 165,342 shares during the last quarter. Institutional investors own 59.97% of the company’s stock.

A number of analysts have recently weighed in on the company. BidaskClub upgraded CytomX Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Nomura increased their price target on CytomX Therapeutics to $44.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of CytomX Therapeutics in a research report on Wednesday. Cowen and Company reiterated a “buy” rating on shares of CytomX Therapeutics in a research report on Tuesday, August 8th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $30.00 price target (up from $28.00) on shares of CytomX Therapeutics in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.43.

CytomX Therapeutics Company Profile

CytomX Therapeutics, Inc is a clinical-stage, oncology-focused biopharmaceutical company. The Company uses its Probody technology platform to create cancer immunotherapies against clinically validated targets, as well as to develop cancer therapeutics against difficult-to-drug targets. Its pipeline is focused on the development of therapies in a set of modalities: Probody cancer immunotherapies, Probody drug conjugates, T-cell engaging Probody bispecifics and ProCAR-NK cell therapies.

Insider Buying and Selling by Quarter for CytomX Therapeutics (NASDAQ:CTMX)

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