T. Rowe Price Investment Management Reduces $13M in Cytokinetics, Incorporated ($CYTK)
Key Points
- T. Rowe Price Investment Management changed its Cytokinetics, Incorporated ($CYTK) stake by 1.1% last quarter, cutting to 17,523,840 shares worth $1.21 billion.
- Wall Street's consensus rating on $CYTK is Buy and an average price target of $104.70.
- $CYTK last traded around $69.27.
T. Rowe Price Investment Management trimmed its position in Cytokinetics, Incorporated ($CYTK) by 1.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,523,840 shares of Cytokinetics, Incorporated after selling 192,532 shares during the quarter. T. Rowe Price Investment Management's holdings in Cytokinetics, Incorporated were worth $1.21 billion as of its most recent filing.
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About Cytokinetics, Incorporated
Cytokinetics, Incorporated, a biopharmaceutical company, focuses on discovering, developing, and commercializing novel muscle activators and muscle inhibitors as potential treatments for debilitating diseases in the United States. The company markets MYQORZO, a novel, oral, and small molecule cardiac myosin inhibitor for the treatment of symptomatic oHCM. It also develops Aficamten, a novel, oral, and small molecule cardiac myosin inhibitor for the treatment of HCM; and omecamtiv mecarbil, a potential treatment across the continuum of care in heart failure with severely reduced ejection fraction. In addition, the company is involved in developing and Ulacamten, a novel, selective, oral, and small molecule cardiac myosin inhibitor designed to reduce the hypercontractility associated with heart failure with preserved ejection fraction in Phase 1 clinical trials; and CK-089, a fast skeletal muscle troponin activator in Phase 1 clinical trials. Cytokinetics, Incorporated was incorporated in 1997 and is headquartered in South San Francisco, California.
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