Kurt Von Emster Sells 50,048 Shares of CymaBay Therapeutics Inc. (CBAY) Stock

CymaBay Therapeutics Inc. (NASDAQ:CBAY) Director Kurt Von Emster sold 50,048 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $9.26, for a total value of $463,444.48. Following the transaction, the director now owns 90,000 shares in the company, valued at $833,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kurt Von Emster also recently made the following trade(s):

  • On Tuesday, October 31st, Kurt Von Emster sold 59,209 shares of CymaBay Therapeutics stock. The stock was sold at an average price of $9.27, for a total value of $548,867.43.
  • On Tuesday, October 3rd, Kurt Von Emster sold 108,876 shares of CymaBay Therapeutics stock. The stock was sold at an average price of $7.85, for a total value of $854,676.60.
  • On Friday, September 29th, Kurt Von Emster sold 211,124 shares of CymaBay Therapeutics stock. The stock was sold at an average price of $8.09, for a total value of $1,707,993.16.

CymaBay Therapeutics Inc. (NASDAQ CBAY) traded down $0.85 during trading hours on Tuesday, reaching $8.40. The company had a trading volume of 1,059,700 shares, compared to its average volume of 736,215. CymaBay Therapeutics Inc. has a 1 year low of $1.46 and a 1 year high of $9.40. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 0.04.

CymaBay Therapeutics (NASDAQ:CBAY) last released its earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). During the same period in the previous year, the business earned ($0.25) earnings per share. sell-side analysts anticipate that CymaBay Therapeutics Inc. will post -0.83 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of CymaBay Therapeutics by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,344 shares of the biopharmaceutical company’s stock valued at $100,000 after purchasing an additional 140 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of CymaBay Therapeutics in the 2nd quarter valued at $242,000. Ardsley Advisory Partners boosted its position in shares of CymaBay Therapeutics by 66.2% in the 2nd quarter. Ardsley Advisory Partners now owns 50,210 shares of the biopharmaceutical company’s stock valued at $290,000 after purchasing an additional 20,000 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of CymaBay Therapeutics in the 3rd quarter valued at $404,000. Finally, Renaissance Technologies LLC boosted its position in CymaBay Therapeutics by 97.6% during the 1st quarter. Renaissance Technologies LLC now owns 231,949 shares of the biopharmaceutical company’s stock worth $997,000 after acquiring an additional 114,549 shares during the period. Institutional investors and hedge funds own 27.08% of the company’s stock.

CBAY has been the topic of several research analyst reports. Piper Jaffray Companies set a $7.00 price objective on CymaBay Therapeutics and gave the stock a “buy” rating in a research note on Monday, July 17th. HC Wainwright increased their target price on CymaBay Therapeutics from $7.00 to $12.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. BidaskClub lowered CymaBay Therapeutics from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. SunTrust Banks, Inc. initiated coverage on CymaBay Therapeutics in a research report on Friday, August 18th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $16.00 target price on shares of CymaBay Therapeutics in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $14.00.

About CymaBay Therapeutics

CymaBay Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing therapies to treat metabolic diseases, including serious rare and orphan diseases. The Company’s product candidates include Arhalofenate, MBX-8025 and MBX-2982. Arhalofenate is used to treat gout.

Insider Buying and Selling by Quarter for CymaBay Therapeutics (NASDAQ:CBAY)

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