Robert I. Blum Sells 4,000 Shares of Cytokinetics, Inc. (CYTK) Stock
Cytokinetics, Inc. (NASDAQ:CYTK) CEO Robert I. Blum sold 4,000 shares of the business’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $8.79, for a total value of $35,160.00. Following the completion of the sale, the chief executive officer now directly owns 160,022 shares in the company, valued at approximately $1,406,593.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Cytokinetics stock opened at $8.60 on Friday. The firm has a market cap of $538.09 million, a PE ratio of -3.32 and a beta of 1.41. The company has a current ratio of 8.95, a quick ratio of 8.95 and a debt-to-equity ratio of 0.41. Cytokinetics, Inc. has a 12-month low of $6.20 and a 12-month high of $15.95.
Cytokinetics (NASDAQ:CYTK) last announced its earnings results on Thursday, July 26th. The biopharmaceutical company reported ($0.51) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.51). The company had revenue of $6.22 million for the quarter, compared to analyst estimates of $5.54 million. Equities research analysts predict that Cytokinetics, Inc. will post -2.03 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in CYTK. DRW Securities LLC acquired a new stake in shares of Cytokinetics during the first quarter worth $101,000. Fox Run Management L.L.C. raised its position in shares of Cytokinetics by 181.8% during the second quarter. Fox Run Management L.L.C. now owns 31,627 shares of the biopharmaceutical company’s stock worth $263,000 after purchasing an additional 20,405 shares during the period. A.R.T. Advisors LLC acquired a new stake in shares of Cytokinetics during the first quarter worth $350,000. Employees Retirement System of Texas acquired a new stake in shares of Cytokinetics during the first quarter worth $360,000. Finally, UBS Group AG raised its position in shares of Cytokinetics by 226.7% during the first quarter. UBS Group AG now owns 54,910 shares of the biopharmaceutical company’s stock worth $396,000 after purchasing an additional 38,105 shares during the period. 68.45% of the stock is currently owned by institutional investors.
Cytokinetics Company Profile
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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