Cytokinetics, Inc. (NASDAQ:CYTK) EVP Fady Ibraham Malik sold 1,500 shares of Cytokinetics stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $7.31, for a total value of $10,965.00. Following the sale, the executive vice president now directly owns 85,567 shares in the company, valued at approximately $625,494.77. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Fady Ibraham Malik also recently made the following trade(s):
- On Thursday, December 6th, Fady Ibraham Malik sold 1,500 shares of Cytokinetics stock. The shares were sold at an average price of $7.38, for a total value of $11,070.00.
- 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 value of $10,020.00.
CYTK opened at $7.28 on Monday. Cytokinetics, Inc. has a one year low of $5.90 and a one year high of $10.26. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.58 and a current ratio of 10.57. The firm has a market capitalization of $402.13 million, a PE ratio of -2.81 and a beta of 2.05.
CYTK has been the topic of several recent analyst reports. ValuEngine raised Cytokinetics from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $14.00 target price on shares of Cytokinetics in a research note on Wednesday, October 3rd. HC Wainwright cut their target price on Cytokinetics from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, October 5th. They noted that the move was a valuation call. Finally, BidaskClub downgraded Cytokinetics from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $12.96.
Institutional investors and hedge funds have recently bought and sold shares of the company. Jefferies Group LLC bought a new stake in shares of Cytokinetics in the 3rd quarter worth $110,000. Virtu Financial LLC acquired a new position in shares of Cytokinetics in the 3rd quarter worth $111,000. State of Alaska Department of Revenue grew its holdings in shares of Cytokinetics by 9.4% in the 4th quarter. State of Alaska Department of Revenue now owns 18,233 shares of the biopharmaceutical company’s stock worth $115,000 after acquiring an additional 1,564 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of Cytokinetics by 57.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 29,553 shares of the biopharmaceutical company’s stock worth $291,000 after acquiring an additional 10,837 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Cytokinetics by 15.2% in the 2nd quarter. Swiss National Bank now owns 85,400 shares of the biopharmaceutical company’s stock worth $709,000 after acquiring an additional 11,300 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors.
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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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