CytomX Therapeutics, Inc. (CTMX) Director Sells $242,700.00 in Stock
CytomX Therapeutics, Inc. (NASDAQ:CTMX) Director Frederick W. Gluck sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $24.27, for a total value of $242,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CytomX Therapeutics, Inc. (CTMX) traded down 2.54% on Friday, hitting $21.50. The stock had a trading volume of 215,136 shares. The firm has a 50-day moving average of $17.15 and a 200 day moving average of $15.67. CytomX Therapeutics, Inc. has a 52 week low of $9.85 and a 52 week high of $24.67. The company’s market capitalization is $792.64 million.
CytomX Therapeutics (NASDAQ:CTMX) last posted its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.69) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by ($0.30). CytomX Therapeutics had a negative return on equity of 84.61% and a negative net margin of 206.33%. The business had revenue of $8.75 million during the quarter, compared to analysts’ expectations of $4.95 million. On average, analysts predict that CytomX Therapeutics, Inc. will post ($1.47) earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in shares of CytomX Therapeutics by 0.6% in the second quarter. FMR LLC now owns 5,512,459 shares of the biotechnology company’s stock worth $85,444,000 after purchasing an additional 34,732 shares during the last quarter. Perceptive Advisors LLC raised its stake in shares of CytomX Therapeutics by 65.7% in the first quarter. Perceptive Advisors LLC now owns 1,530,659 shares of the biotechnology company’s stock worth $26,434,000 after purchasing an additional 606,896 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CytomX Therapeutics by 12.2% in the second quarter. Vanguard Group Inc. now owns 924,138 shares of the biotechnology company’s stock worth $14,323,000 after purchasing an additional 100,607 shares during the last quarter. EcoR1 Capital LLC purchased a new position in shares of CytomX Therapeutics in the first quarter worth $13,729,000. Finally, 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 worth $10,825,000 after purchasing an additional 16,500 shares during the last quarter. Hedge funds and other institutional investors own 59.97% of the company’s stock.
A number of research analysts have issued reports on the company. BidaskClub downgraded CytomX Therapeutics from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Cann restated a “hold” rating on shares of CytomX Therapeutics in a research note on Tuesday, August 8th. Cowen and Company restated an “outperform” rating on shares of CytomX Therapeutics in a research note on Thursday. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of CytomX Therapeutics in a research note on Wednesday. Finally, Bank of America Corporation upped their price objective on CytomX Therapeutics from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.67.
About CytomX Therapeutics
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.
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