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In a recent filing with the Securities and Exchange Commission, Artivion, Inc. (NYSE:AORT), a $1.06 billion market cap company, disclosed that its President and CEO, James P. Mackin, sold a total of 42,156 shares of the company’s common stock. According to InvestingPro data, the stock has experienced significant volatility recently, with a -13% decline over the past week. The transactions, which occurred on February 24, 2025, were executed at an average price of $27.306 per share, amounting to approximately $1.15 million.
These sales were made to cover tax withholding obligations related to the vesting of restricted stock units, as noted in the filing. Following these transactions, Mackin retains direct ownership of 663,882 shares of Artivion’s common stock.
In other recent news, Artivion Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $97.3 million, which fell short of the forecasted $100.82 million. This shortfall was primarily due to a cybersecurity breach that impacted sales by approximately $4.5 million. Despite the revenue miss, Artivion’s adjusted EBITDA for the fourth quarter exceeded expectations, reaching $17.6 million against an anticipated $17 million. The company anticipates first-quarter 2025 revenues to be between $94 million and $98 million, lower than previous estimates due to the ongoing impact of the cyber incident. However, Artivion projects a rebound in sales growth throughout 2025, with revenues expected to reach between $420 million and $435 million. Analysts from Stifel, Needham, and JMP Securities have adjusted their price targets for Artivion, with Stifel and Needham lowering theirs to $30 and $32, respectively, while JMP Securities maintained its target at $33. The company remains optimistic about its future, expecting adjusted EBITDA for 2025 to be between $83 million and $91 million, which is favorable compared to prior projections.
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