Tyme Technologies Inc (NASDAQ:TYME) CEO Steve Hoffman sold 17,986 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $3.82, for a total value of $68,706.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Tyme Technologies Inc (NASDAQ TYME) traded down $0.24 during mid-day trading on Wednesday, reaching $3.41. The company had a trading volume of 193,036 shares, compared to its average volume of 168,856. The stock has a market cap of $332.70, a price-to-earnings ratio of -21.47 and a beta of -0.59. Tyme Technologies Inc has a one year low of $2.14 and a one year high of $9.50.

TYME has been the subject of a number of research analyst reports. HC Wainwright initiated coverage on Tyme Technologies in a research note on Friday, December 15th. They issued a “buy” rating and a $8.00 target price for the company. Evercore ISI initiated coverage on Tyme Technologies in a research note on Friday, November 17th. They issued an “outperform” rating and a $7.00 target price for the company. BidaskClub upgraded Tyme Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Canaccord Genuity initiated coverage on Tyme Technologies in a research note on Wednesday, January 3rd. They issued a “buy” rating for the company.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Monashee Investment Management LLC purchased a new position in shares of Tyme Technologies during the 4th quarter valued at about $128,000. Wells Fargo & Company MN raised its stake in shares of Tyme Technologies by 923.9% during the 4th quarter. Wells Fargo & Company MN now owns 29,180 shares of the company’s stock valued at $186,000 after buying an additional 26,330 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new position in shares of Tyme Technologies during the 4th quarter valued at about $198,000. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Tyme Technologies during the 4th quarter valued at about $247,000. Institutional investors and hedge funds own 2.45% of the company’s stock.

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Tyme Technologies Company Profile

Tyme Technologies, Inc is a clinical-stage biotechnology company. The Company is focused on developing cancer therapeutics that is intended to be broadly effective across tumor types and have low toxicity profiles. The Company’s therapeutic approach is designed to take advantage of a cancer cell’s innate metabolic weaknesses to compromise its defenses, leading to cell death through oxidative stress and exposure to the body’s natural immune system.

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