MyoKardia, Inc. (NASDAQ:MYOK) Director Kevin P. Starr sold 75,313 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $40.28, for a total value of $3,033,607.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

MyoKardia, Inc. (MYOK) traded up 0.12% during trading on Wednesday, hitting $41.20. 426,111 shares of the stock traded hands. The stock’s market cap is $1.30 billion. The company has a 50-day moving average price of $44.31 and a 200-day moving average price of $44.31. MyoKardia, Inc. has a 12 month low of $10.55 and a 12 month high of $49.55.

MyoKardia (NASDAQ:MYOK) last released its earnings results on Monday, August 7th. The biotechnology company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.37) by ($0.04). The firm had revenue of $5.60 million during the quarter, compared to the consensus estimate of $6.73 million. MyoKardia had a negative return on equity of 16.35% and a negative net margin of 44.65%. The business’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.37) EPS. Equities research analysts expect that MyoKardia, Inc. will post ($1.63) EPS for the current year.

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Several hedge funds have recently bought and sold shares of MYOK. Wellington Management Group LLP lifted its holdings in shares of MyoKardia by 12.5% in the 1st quarter. Wellington Management Group LLP now owns 3,154,734 shares of the biotechnology company’s stock worth $41,485,000 after acquiring an additional 349,768 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of MyoKardia by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 764,919 shares of the biotechnology company’s stock valued at $10,020,000 after purchasing an additional 78,800 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of MyoKardia by 103.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 476,575 shares of the biotechnology company’s stock valued at $6,243,000 after purchasing an additional 242,408 shares in the last quarter. State Street Corp boosted its stake in shares of MyoKardia by 17.4% in the 2nd quarter. State Street Corp now owns 232,581 shares of the biotechnology company’s stock valued at $3,048,000 after purchasing an additional 34,533 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of MyoKardia by 31.9% in the 2nd quarter. Northern Trust Corp now owns 202,983 shares of the biotechnology company’s stock valued at $2,658,000 after purchasing an additional 49,044 shares in the last quarter. 42.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the company. TheStreet upgraded MyoKardia from a “d+” rating to a “c” rating in a research report on Thursday, July 6th. BidaskClub upgraded MyoKardia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Wells Fargo & Company reiterated an “outperform” rating and issued a $48.00 target price (up from $31.00) on shares of MyoKardia in a research report on Monday, August 7th. ValuEngine raised MyoKardia from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Cowen and Company lifted their price target on MyoKardia from $28.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $48.33.

About MyoKardia

MyoKardia, Inc is a clinical-stage biopharmaceutical company. The Company focuses on the treatment of heritable cardiomyopathies, a group of rare, genetically-driven forms of heart failure that result from biomechanical defects in cardiac muscle contraction. The Company is engaged in the business of developing and commercializing therapeutics.

Insider Buying and Selling by Quarter for MyoKardia (NASDAQ:MYOK)

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