⏳ Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Bioventus executive sells over $14k in company stock

Published 15/04/2024, 23:04
BVS
-

Bioventus Inc. (NASDAQ:BVS) saw a notable transaction from its executive team this past week, as Anthony D'Adamio, the company's Senior Vice President & General Counsel, sold shares of the medical device maker. D'Adamio offloaded 3,054 shares at an average price of $4.75, resulting in a total sale amount of over $14,500.

The transaction was part of a planned sale to cover taxes related to the vesting of restricted stock units, as per a pre-arranged trading plan set up in April of the previous year. According to the details provided, the shares were sold in multiple transactions with prices ranging from $4.53 to $4.95. This weighted average price was calculated by the broker executing the sales, and D'Adamio has agreed to provide full information regarding the number of shares sold at each price upon request.

Following the transaction, D'Adamio's ownership in Bioventus stands at 58,242 shares of Class A Common Stock. This move by a high-ranking official within the company may be of interest to current and potential investors as they monitor insider trading activities for insights into executive sentiment about the company's future prospects.

Bioventus, based in Durham, North Carolina, specializes in surgical and medical instruments and apparatus, and is known for its focus on developing innovative therapies that help people heal quickly. As is customary, the company has not issued any statements regarding the transaction, and it remains part of the normal course of business for executives to manage their stock holdings.

InvestingPro Insights

Amid the recent insider trading activity at Bioventus Inc. (NASDAQ:BVS), where Senior Vice President & General Counsel Anthony D'Adamio sold shares, investors may be curious about the company’s financial health and market performance. According to InvestingPro data, Bioventus has a market capitalization of approximately $366.54 million. Despite a challenging market, the company has seen a substantial price uptick of 80.28% over the last six months, with a staggering one-year price total return of 391.51%. This indicates a robust market confidence in the company's potential.

InvestingPro Tips highlight that Bioventus is trading at a high EBITDA valuation multiple, with an EBITDA of $28.85 million for the last twelve months as of Q4 2023. This high valuation could be reflective of the company's growth potential, as analysts predict Bioventus will turn profitable this year. Additionally, there has been a notable gross profit margin of 64.06%, suggesting effective cost management and a strong competitive position in the medical devices industry.

For those looking to delve deeper into Bioventus's financials and market predictions, InvestingPro offers a more comprehensive list of tips, including insights on earnings revisions and profitability outlooks. Interested readers can explore further by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Currently, there are 9 additional InvestingPro Tips available for Bioventus, which could provide valuable context to the company's recent insider trading activity and future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.