Joseph Lambing Sells 5,000 Shares of Myokardia Inc (MYOK) Stock
Myokardia Inc (NASDAQ:MYOK) insider Joseph Lambing sold 5,000 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the insider now owns 95,846 shares in the company, valued at approximately $4,792,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Myokardia Inc (NASDAQ MYOK) opened at $52.60 on Thursday. Myokardia Inc has a 52 week low of $10.55 and a 52 week high of $54.00. The firm has a market cap of $1,858.53, a price-to-earnings ratio of -69.21 and a beta of 4.21.
Myokardia (NASDAQ:MYOK) last posted its quarterly earnings results on Thursday, November 2nd. The biotechnology company reported ($0.42) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.42). Myokardia had a negative net margin of 53.49% and a negative return on equity of 14.92%. The firm had revenue of $5.63 million for the quarter, compared to the consensus estimate of $6.10 million. During the same quarter in the previous year, the company earned ($0.35) earnings per share. The business’s revenue was up 58.6% compared to the same quarter last year. equities research analysts expect that Myokardia Inc will post -1.62 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in Myokardia by 2.5% during the second quarter. Wells Fargo & Company MN now owns 18,539 shares of the biotechnology company’s stock worth $243,000 after buying an additional 455 shares in the last quarter. American International Group Inc. boosted its stake in Myokardia by 18.8% during the third quarter. American International Group Inc. now owns 12,735 shares of the biotechnology company’s stock worth $546,000 after buying an additional 2,018 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Myokardia by 12.4% during the third quarter. Rhumbline Advisers now owns 20,788 shares of the biotechnology company’s stock valued at $891,000 after acquiring an additional 2,299 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of Myokardia by 36.3% during the second quarter. Nationwide Fund Advisors now owns 9,729 shares of the biotechnology company’s stock valued at $127,000 after acquiring an additional 2,591 shares during the period. Finally, Hershey Trust Co. lifted its holdings in shares of Myokardia by 26.0% during the third quarter. Hershey Trust Co. now owns 20,064 shares of the biotechnology company’s stock valued at $860,000 after acquiring an additional 4,145 shares during the period. Hedge funds and other institutional investors own 63.61% of the company’s stock.
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Myokardia Company Profile
MyoKardia, Inc is a clinical-stage biopharmaceutical company. The Company focuses on the treatment of heritable cardiomyopathies, a group of rare, genetically-driven forms of heart failure that result from biomechanical defects in cardiac muscle contraction. The Company is engaged in the business of developing and commercializing therapeutics.
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