Insider Selling: CytomX Therapeutics, Inc. (CTMX) CFO Sells 2,500 Shares of Stock
CytomX Therapeutics, Inc. (NASDAQ:CTMX) CFO Debanjan Ray sold 2,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.10, for a total transaction of $45,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Debanjan Ray also recently made the following trade(s):
- On Friday, September 1st, Debanjan Ray sold 2,500 shares of CytomX Therapeutics stock. The shares were sold at an average price of $17.17, for a total transaction of $42,925.00.
- On Wednesday, August 9th, Debanjan Ray sold 2,500 shares of CytomX Therapeutics stock. The stock was sold at an average price of $15.00, for a total transaction of $37,500.00.
CytomX Therapeutics, Inc. (CTMX) traded up 20.63% on Wednesday, reaching $22.92. 2,456,510 shares of the company were exchanged. The firm’s market capitalization is $844.99 million. CytomX Therapeutics, Inc. has a 12-month low of $9.85 and a 12-month high of $24.67. The stock has a 50 day moving average of $16.66 and a 200 day moving average of $15.57.
CytomX Therapeutics (NASDAQ:CTMX) last posted its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.69) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.39) by ($0.30). The company had revenue of $8.75 million during the quarter, compared to the consensus estimate of $4.95 million. CytomX Therapeutics had a negative net margin of 206.33% and a negative return on equity of 84.61%. Equities analysts anticipate that CytomX Therapeutics, Inc. will post ($1.49) EPS for the current year.
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Several equities analysts have commented on the stock. Jefferies Group LLC reissued a “buy” rating and set a $25.00 target price on shares of CytomX Therapeutics in a research report on Tuesday, June 6th. Cowen and Company restated a “buy” rating on shares of CytomX Therapeutics in a report on Wednesday, June 28th. BidaskClub raised CytomX Therapeutics from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Cann reaffirmed a “hold” rating on shares of CytomX Therapeutics in a research report on Tuesday, August 8th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $30.00 price target (up previously from $28.00) on shares of CytomX Therapeutics in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.86.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of CytomX Therapeutics by 0.6% in the 2nd quarter. FMR LLC now owns 5,512,459 shares of the biotechnology company’s stock valued at $85,444,000 after buying an additional 34,732 shares during the last quarter. Perceptive Advisors LLC grew its stake in shares of CytomX Therapeutics by 65.7% in the first quarter. Perceptive Advisors LLC now owns 1,530,659 shares of the biotechnology company’s stock valued at $26,434,000 after buying an additional 606,896 shares in the last quarter. Vanguard Group Inc. increased its holdings in CytomX Therapeutics by 12.2% during the second quarter. Vanguard Group Inc. now owns 924,138 shares of the biotechnology company’s stock worth $14,323,000 after buying an additional 100,607 shares during the last quarter. EcoR1 Capital LLC acquired a new position in CytomX Therapeutics during the first quarter worth $13,729,000. Finally, Redmile Group LLC increased its holdings in CytomX Therapeutics by 2.4% during the second quarter. Redmile Group LLC now owns 698,392 shares of the biotechnology company’s stock worth $10,825,000 after buying an additional 16,500 shares during the last quarter. 59.97% of the stock is owned by institutional investors.
About CytomX Therapeutics
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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