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Cytokinetics Inc (NASDAQ:CYTK) President and CEO Robert I. Blum sold 5,000 shares of common stock on July 14, 2025, at a price of $38.15, for a total transaction value of $190,750. The sale comes as the stock, currently trading at $38.01, has shown strong momentum with an 11% gain over the past week. According to InvestingPro analysis, the RSI suggests the stock is in overbought territory. The company currently maintains a market capitalization of $4.5 billion.
Following the transaction, Blum directly owns 393,108 shares of Cytokinetics. In addition, he indirectly owns 2,083 shares by Trust 1 and 2,083 shares by Trust 2. For deeper insights into insider trading patterns and 8 additional exclusive ProTips, check out the comprehensive research available on InvestingPro, which offers detailed analysis of 1,400+ US stocks including CYTK.
In other recent news, Cytokinetics has been in the spotlight due to several developments concerning its investigational drug, aficamten, for obstructive hypertrophic cardiomyopathy (oHCM). The company announced that its Phase 3 clinical trial, MAPLE-HCM, met its primary endpoint, showing that aficamten significantly improved peak oxygen uptake over the standard beta blocker metoprolol. This trial success is expected to enhance aficamten’s commercial prospects, especially among community physicians. Despite the positive trial results, analysts from JPMorgan and Mizuho (NYSE:MFG) have adjusted their financial outlooks for Cytokinetics. JPMorgan lowered its price target to $53.00, citing a more gradual launch trajectory, while Mizuho reduced its target to $84.00, following a delay in the Prescription Drug User Fee Act (PDUFA) date to December 26, 2025. Stifel, however, maintained its Buy rating and $87.00 target, expressing confidence in aficamten’s potential as a best-in-class treatment. The company is also advancing other trials, including the ACACIA-HCM and COMET-HF, which are anticipated to further impact its market performance. Investors are closely monitoring these developments as Cytokinetics prepares for potential regulatory approvals and commercialization efforts.
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