Cytori Therapeutics Inc (CYTX) Major Shareholder Bank Sa Swissquote Sells 100,000 Shares

Cytori Therapeutics Inc (NASDAQ:CYTX) major shareholder Bank Sa Swissquote sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $0.38, for a total transaction of $38,000.00. Following the completion of the sale, the insider now owns 5,496,655 shares of the company’s stock, valued at approximately $2,088,728.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Bank Sa Swissquote also recently made the following trade(s):

  • On Thursday, January 11th, Bank Sa Swissquote sold 72,630 shares of Cytori Therapeutics stock. The shares were sold at an average price of $0.34, for a total transaction of $24,694.20.

Shares of Cytori Therapeutics Inc (NASDAQ:CYTX) traded down $0.01 on Friday, reaching $0.39. 2,013,101 shares of the company’s stock were exchanged, compared to its average volume of 2,360,000. The company has a market capitalization of $13.20, a price-to-earnings ratio of -0.43 and a beta of 3.56. Cytori Therapeutics Inc has a 1 year low of $0.22 and a 1 year high of $2.13.

Cytori Therapeutics (NASDAQ:CYTX) last announced its quarterly earnings data on Thursday, November 9th. The biotechnology company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. The business had revenue of $1.77 million for the quarter, compared to analyst estimates of $2.04 million. Cytori Therapeutics had a negative net margin of 367.33% and a negative return on equity of 228.21%. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. analysts forecast that Cytori Therapeutics Inc will post -0.62 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Perkins Capital Management Inc. increased its holdings in shares of Cytori Therapeutics by 134.0% in the fourth quarter. Perkins Capital Management Inc. now owns 2,136,041 shares of the biotechnology company’s stock valued at $644,000 after purchasing an additional 1,223,046 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cytori Therapeutics by 81.9% in the second quarter. Vanguard Group Inc. now owns 612,304 shares of the biotechnology company’s stock valued at $674,000 after purchasing an additional 275,653 shares during the last quarter. Finally, Sabby Management LLC increased its holdings in shares of Cytori Therapeutics by 28.0% in the second quarter. Sabby Management LLC now owns 1,626,807 shares of the biotechnology company’s stock valued at $1,789,000 after purchasing an additional 355,504 shares during the last quarter. Institutional investors and hedge funds own 7.34% of the company’s stock.

Several equities research analysts have recently commented on the stock. Maxim Group set a $5.00 price target on shares of Cytori Therapeutics and gave the stock a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research cut shares of Cytori Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. ValuEngine raised shares of Cytori Therapeutics from a “strong sell” rating to a “sell” rating in a research note on Friday. Finally, B. Riley reissued a “hold” rating on shares of Cytori Therapeutics in a research note on Tuesday, November 7th.

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About Cytori Therapeutics

Cytori Therapeutics, Inc (Cytori) is a biotechnology company engaged in the development of treatments and devices for a range of disorders using cells as a key part of the therapy. The Company develops cellular therapeutics formulated and optimized for specific diseases and medical conditions and related products.

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