Myokardia Inc (NASDAQ:MYOK) insider Joseph Lambing sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 95,846 shares of the company’s stock, valued at approximately $4,792,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Myokardia Inc (NASDAQ:MYOK) opened at $52.00 on Wednesday. Myokardia Inc has a twelve month low of $10.55 and a twelve month high of $54.00. The stock has a market cap of $1,890.70, a price-to-earnings ratio of -68.42 and a beta of 4.21.
Myokardia (NASDAQ:MYOK) last issued its earnings results on Thursday, November 2nd. The biotechnology company reported ($0.42) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.42). Myokardia had a negative net margin of 53.49% and a negative return on equity of 14.92%. The business had revenue of $5.63 million during the quarter, compared to analysts’ expectations of $6.10 million. During the same quarter in the prior year, the business posted ($0.35) EPS. The company’s revenue for the quarter was up 58.6% on a year-over-year basis. research analysts forecast that Myokardia Inc will post -1.62 earnings per share for the current year.
Several institutional investors have recently modified their holdings of MYOK. Nationwide Fund Advisors boosted its holdings in shares of Myokardia by 36.3% in the 2nd quarter. Nationwide Fund Advisors now owns 9,729 shares of the biotechnology company’s stock valued at $127,000 after buying an additional 2,591 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Myokardia during the 2nd quarter worth $148,000. The Manufacturers Life Insurance Company boosted its stake in Myokardia by 38.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,073 shares of the biotechnology company’s stock worth $198,000 after purchasing an additional 4,215 shares during the period. Quantbot Technologies LP acquired a new stake in Myokardia during the 3rd quarter worth $202,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Myokardia during the 3rd quarter worth $212,000. Institutional investors and hedge funds own 63.61% of the company’s stock.
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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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