Myokardia Inc (NASDAQ:MYOK) insider June Lee sold 5,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $60.81, for a total value of $304,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

June Lee also recently made the following trade(s):

  • On Friday, September 21st, June Lee sold 5,000 shares of Myokardia stock. The stock was sold at an average price of $63.13, for a total value of $315,650.00.

Shares of MYOK stock opened at $57.06 on Friday. Myokardia Inc has a fifty-two week low of $35.55 and a fifty-two week high of $67.79.

A number of equities research analysts recently weighed in on the company. BidaskClub upgraded Myokardia from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 27th. Zacks Investment Research raised Myokardia from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Thursday, November 15th. Morgan Stanley started coverage on Myokardia in a research report on Monday, September 10th. They set an “overweight” rating and a $72.00 target price on the stock. Cantor Fitzgerald started coverage on Myokardia in a research report on Monday, October 1st. They set an “overweight” rating and a $90.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on Myokardia from $80.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $76.64.

Hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. acquired a new position in shares of Myokardia in the third quarter valued at about $205,000. Great West Life Assurance Co. Can increased its holdings in shares of Myokardia by 92.7% in the second quarter. Great West Life Assurance Co. Can now owns 3,276 shares of the biotechnology company’s stock valued at $163,000 after purchasing an additional 1,576 shares during the period. SG Americas Securities LLC acquired a new position in shares of Myokardia in the second quarter valued at about $191,000. GSA Capital Partners LLP acquired a new position in shares of Myokardia in the third quarter valued at about $292,000. Finally, Amalgamated Bank acquired a new position in shares of Myokardia in the second quarter valued at about $231,000. 88.55% of the stock is currently owned by institutional investors and hedge funds.

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About Myokardia

MyoKardia, Inc, a clinical stage biopharmaceutical company, discovers, develops, and commercializes therapies for the treatment of rare cardiovascular diseases. Its lead product candidate is mavacamten, an orally administered small molecule, which has completed Phase II clinical trial that is designed to reduce left ventricular contractility to potentially alleviate the functional consequences and symptoms of hypertrophic cardiomyopathy (HCM) and prevent or reverse HCM progression.

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