Cytokinetics, Inc. (NASDAQ:CYTK) EVP Fady Ibraham Malik sold 1,500 shares of Cytokinetics stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $7.38, for a total transaction of $11,070.00. Following the completion of the sale, the executive vice president now owns 87,067 shares of the company’s stock, valued at $642,554.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Fady Ibraham Malik also recently made the following trade(s):
- On Thursday, November 1st, Fady Ibraham Malik sold 1,500 shares of Cytokinetics stock. The shares were sold at an average price of $6.68, for a total transaction of $10,020.00.
- On Thursday, October 4th, Fady Ibraham Malik sold 1,500 shares of Cytokinetics stock. The shares were sold at an average price of $9.14, for a total transaction of $13,710.00.
Shares of NASDAQ:CYTK traded down $0.17 during trading on Friday, reaching $7.40. The stock had a trading volume of 287,270 shares, compared to its average volume of 342,075. Cytokinetics, Inc. has a 52 week low of $6.02 and a 52 week high of $10.26. The firm has a market cap of $413.61 million, a price-to-earnings ratio of -2.86 and a beta of 2.01. The company has a quick ratio of 10.58, a current ratio of 10.57 and a debt-to-equity ratio of 0.73.
Cytokinetics (NASDAQ:CYTK) last released its quarterly earnings results on Thursday, November 1st. The biopharmaceutical company reported ($0.40) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.51) by $0.11. The firm had revenue of $10.64 million during the quarter, compared to the consensus estimate of $2.23 million. Research analysts predict that Cytokinetics, Inc. will post -1.96 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in CYTK. BlackRock Inc. increased its position in Cytokinetics by 9.5% during the third quarter. BlackRock Inc. now owns 8,698,387 shares of the biopharmaceutical company’s stock worth $85,680,000 after acquiring an additional 754,593 shares during the period. Millennium Management LLC increased its position in Cytokinetics by 351.9% during the second quarter. Millennium Management LLC now owns 461,733 shares of the biopharmaceutical company’s stock worth $3,832,000 after acquiring an additional 359,561 shares during the period. Dimensional Fund Advisors LP increased its position in Cytokinetics by 233.6% during the third quarter. Dimensional Fund Advisors LP now owns 229,377 shares of the biopharmaceutical company’s stock worth $2,259,000 after acquiring an additional 160,622 shares during the period. Marshall Wace North America L.P. bought a new position in Cytokinetics during the third quarter worth $1,291,000. Finally, Northern Trust Corp increased its position in Cytokinetics by 16.7% during the second quarter. Northern Trust Corp now owns 498,546 shares of the biopharmaceutical company’s stock worth $4,138,000 after acquiring an additional 71,418 shares during the period. 70.47% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have issued reports on CYTK. HC Wainwright set a $21.00 target price on shares of Cytokinetics and gave the company a “buy” rating in a research note on Wednesday. Cantor Fitzgerald reissued a “buy” rating and issued a $14.00 price target on shares of Cytokinetics in a research report on Wednesday. BidaskClub raised shares of Cytokinetics from a “hold” rating to a “buy” rating in a research report on Friday, November 23rd. ValuEngine raised shares of Cytokinetics from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Finally, Zacks Investment Research raised shares of Cytokinetics from a “sell” rating to a “hold” rating and set a $8.00 price target on the stock in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.83.
ILLEGAL ACTIVITY NOTICE: “Cytokinetics, Inc. (CYTK) EVP Sells $11,070.00 in Stock” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/12/07/cytokinetics-inc-cytk-evp-sells-11070-00-in-stock.html.
Cytokinetics, Incorporated, a late-stage biopharmaceutical company, focuses on discovering, developing, and commercializing muscle activators as potential treatments for debilitating diseases in which muscle performance is compromised and/or declining. It is developing small molecule drug candidates primarily engineered to increase muscle function and contractility.
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