Kyverna Therapeutics, Inc. (NASDAQ:KYTX – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 292,793 shares changed hands during mid-day trading, a decline of 22% from the previous session’s volume of 377,592 shares.The stock last traded at $19.60 and had previously closed at $20.43.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Leerink Partnrs reiterated an “outperform” rating on shares of Kyverna Therapeutics in a report on Monday, March 4th. Wells Fargo & Company started coverage on Kyverna Therapeutics in a research report on Monday, March 4th. They issued an “overweight” rating and a $44.00 price target on the stock. Morgan Stanley began coverage on Kyverna Therapeutics in a research report on Monday, March 4th. They set an “overweight” rating and a $40.00 price objective for the company. SVB Leerink started coverage on Kyverna Therapeutics in a research note on Monday, March 4th. They issued an “outperform” rating and a $48.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Kyverna Therapeutics in a research report on Monday, March 4th. They set an “overweight” rating and a $39.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $42.75.
Read Our Latest Analysis on Kyverna Therapeutics
Kyverna Therapeutics Price Performance
Insider Activity at Kyverna Therapeutics
In other Kyverna Therapeutics news, major shareholder Northpond Ventures Iii Gp, Llc bought 450,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $22.00 per share, with a total value of $9,900,000.00. Following the completion of the purchase, the insider now directly owns 450,000 shares of the company’s stock, valued at approximately $9,900,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Kyverna Therapeutics Company Profile
Kyverna Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on developing cell therapies for patients suffering from autoimmune diseases. Its lead product candidate is KYV-101, an autologous CD19 CAR T-cell product candidate for the treatment of patients with lupus nephritis and systemic sclerosis that is in Phase I clinical trial; and for myasthenia gravis and multiple sclerosis that is in Phase II clinical trial.
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