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James P. Mackin, President and CEO of Artivion, Inc. (NYSE:AORT), recently sold company shares valued at approximately $2.19 million. The transactions, disclosed in a recent SEC filing, took place on March 6, 2025. The sale comes at a time when InvestingPro data shows the stock trading at $23.50, with relatively high volatility and technical indicators suggesting oversold conditions.
Mackin sold a total of 88,439 shares, with prices ranging from $24.7644 to $24.8044 per share. This sale was conducted under a pre-established 10b5-1 trading plan. The filing also noted that a portion of these shares was sold to cover tax withholding obligations related to the vesting of performance stock units. The company, currently valued at approximately $990 million, has shown strong revenue growth of 9.75% over the last twelve months.
In addition, Mackin acquired 75,615 shares through the exercise of stock options at a price of $21.55 per share, a transaction valued at approximately $1.63 million. Following these transactions, Mackin holds 865,283 shares of Artivion common stock. The company maintains a healthy liquidity position with a current ratio of 4.34. For deeper insights into Artivion’s valuation and financial health, access the comprehensive research report available on InvestingPro.
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. The revenue miss was attributed to a cybersecurity breach that impacted sales by approximately $4.5 million. Despite the revenue shortfall, Artivion’s adjusted EBITDA for the quarter exceeded expectations, coming in at $17.6 million, surpassing the anticipated $17 million. The full-year revenue for 2024 totaled $388.5 million, slightly below the guidance range of $389 million to $396 million. Looking ahead, Artivion projects 2025 revenue to be between $420 million and $435 million, indicating an increase of 10% to 14%, with adjusted EBITDA expected to reach between $83 million and $91 million. Stifel, Needham, and JMP Securities have all maintained a Buy rating on Artivion, although Stifel and Needham have lowered their price targets to $30 and $32, respectively, due to the recent financial performance and ongoing impact of the cyber incident. Despite these challenges, Artivion anticipates a robust recovery in 2025, supported by strong growth in Latin America and Asia Pacific markets.
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