Cytokinetics, Incorporated (NASDAQ:CYTK) CEO Robert I. Blum sold 5,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $13.51, for a total value of $67,550.00. Following the completion of the sale, the chief executive officer now directly owns 70,180 shares in the company, valued at $948,131.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Cytokinetics, Incorporated (CYTK) traded up $0.70 on Friday, hitting $13.60. The stock had a trading volume of 670,702 shares, compared to its average volume of 433,057. The company has a current ratio of 7.60, a quick ratio of 10.21 and a debt-to-equity ratio of 0.14.

Cytokinetics, (NASDAQ:CYTK) last issued its quarterly earnings results on Thursday, October 26th. The biopharmaceutical company reported ($0.60) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.04. The company had revenue of $6.18 million for the quarter, compared to analyst estimates of $5.35 million. Cytokinetics, had a negative return on equity of 62.64% and a negative net margin of 172.27%. sell-side analysts predict that Cytokinetics, Incorporated will post -2.39 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its stake in Cytokinetics, by 86.2% during the third quarter. BNP Paribas Arbitrage SA now owns 24,815 shares of the biopharmaceutical company’s stock valued at $360,000 after buying an additional 11,487 shares in the last quarter. Swiss National Bank boosted its stake in Cytokinetics, by 13.2% during the third quarter. Swiss National Bank now owns 65,200 shares of the biopharmaceutical company’s stock valued at $945,000 after buying an additional 7,600 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Cytokinetics, by 6.7% during the third quarter. Principal Financial Group Inc. now owns 456,137 shares of the biopharmaceutical company’s stock valued at $6,614,000 after buying an additional 28,708 shares in the last quarter. Birchview Capital LP bought a new position in Cytokinetics, during the third quarter valued at about $145,000. Finally, Prudential Financial Inc. boosted its stake in Cytokinetics, by 8.1% during the third quarter. Prudential Financial Inc. now owns 81,550 shares of the biopharmaceutical company’s stock valued at $1,182,000 after buying an additional 6,115 shares in the last quarter. 70.94% of the stock is owned by institutional investors and hedge funds.

CYTK has been the topic of several analyst reports. Zacks Investment Research raised Cytokinetics, from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub raised Cytokinetics, from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Morgan Stanley initiated coverage on Cytokinetics, in a research report on Monday, July 31st. They issued an “overweight” rating and a $24.00 target price on the stock. HC Wainwright set a $26.00 target price on Cytokinetics, and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $19.00 target price on shares of Cytokinetics, in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Cytokinetics, currently has a consensus rating of “Buy” and an average target price of $21.60.

Cytokinetics, Company Profile

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.

Insider Buying and Selling by Quarter for Cytokinetics, (NASDAQ:CYTK)

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