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Artivion Inc. (NYSE:AORT) Executive Vice President and CFO Lance A. Berry recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Berry sold 4,909 shares of Artivion common stock on March 6, 2025, at an average price of $24.80 per share, totaling $121,763. This transaction was conducted to cover tax withholding obligations upon the vesting of performance stock units, as noted in the filing. Following this sale, Berry now holds 153,431 shares of Artivion stock directly. The sale occurred as Artivion, a nearly $1 billion market cap company, trades at $23.50, down about 15% year-to-date. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 4.34x, though its stock has shown significant volatility recently.
Additionally, Berry acquired 48,100 shares of Artivion common stock at no cost on the same date. These shares were issued as part of a performance stock unit grant from February 2024. Berry’s remaining performance stock units from the 2024 grant are scheduled to vest in equal parts in February 2026 and February 2027, contingent on continued employment with the company. For deeper insights into Artivion’s valuation, financial health, and extensive financial metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Artivion Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $97.3 million, which missed the forecasted $100.82 million. The shortfall was partly due to a cybersecurity breach that impacted revenue by approximately $4.5 million. Despite this, Artivion’s adjusted EBITDA for the fourth quarter exceeded expectations, reaching $17.6 million compared to the anticipated $17 million. For the full year 2024, the company’s revenue totaled $388.5 million, slightly below the projected range of $389 million to $396 million. Analysts from Stifel, Needham, and JMP Securities have maintained their Buy and Market Outperform ratings on Artivion, although Stifel and Needham have reduced their price targets to $30 and $32, respectively. Artivion anticipates the cybersecurity incident will continue to affect the first quarter of 2025, projecting revenues between $94 million and $98 million, but expects a rebound in sales growth throughout 2025. The company projects 2025 revenues to range from $420 million to $435 million, with an adjusted EBITDA between $83 million and $91 million, which aligns favorably with prior estimates.
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