CytomX Therapeutics, Inc. (CTMX) Director Sells $250,100.00 in Stock
CytomX Therapeutics, Inc. (NASDAQ:CTMX) Director Frederick W. Gluck sold 10,000 shares of CytomX Therapeutics stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $25.01, for a total value of $250,100.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of CytomX Therapeutics, Inc. (CTMX) traded down $0.53 during trading hours on Monday, hitting $24.34. The stock had a trading volume of 634,516 shares, compared to its average volume of 404,293. CytomX Therapeutics, Inc. has a 12 month low of $10.64 and a 12 month high of $25.21. The company has a market capitalization of $934.87 and a PE ratio of -15.50.
Large investors have recently modified their holdings of the company. Macquarie Group Ltd. bought a new stake in shares of CytomX Therapeutics during the third quarter worth approximately $107,000. Legal & General Group Plc boosted its holdings in shares of CytomX Therapeutics by 28.6% during the second quarter. Legal & General Group Plc now owns 6,448 shares of the biotechnology company’s stock worth $101,000 after acquiring an additional 1,434 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of CytomX Therapeutics during the second quarter worth approximately $174,000. Voya Investment Management LLC bought a new stake in shares of CytomX Therapeutics during the second quarter worth approximately $203,000. Finally, Nationwide Fund Advisors boosted its holdings in shares of CytomX Therapeutics by 39.4% during the second quarter. Nationwide Fund Advisors now owns 16,365 shares of the biotechnology company’s stock worth $254,000 after acquiring an additional 4,622 shares during the period. Institutional investors own 63.13% of the company’s stock.
A number of research firms recently commented on CTMX. Wedbush set a $37.00 price target on CytomX Therapeutics and gave the stock a “buy” rating in a report on Wednesday, October 4th. Zacks Investment Research cut CytomX Therapeutics from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Oppenheimer restated a “hold” rating on shares of CytomX Therapeutics in a report on Wednesday, October 4th. Bank of America boosted their price objective on CytomX Therapeutics from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Citigroup assumed coverage on CytomX Therapeutics in a report on Friday. They set a “buy” rating and a $40.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. CytomX Therapeutics currently has an average rating of “Buy” and an average price target of $32.78.
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CytomX Therapeutics Company Profile
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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