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In a recent transaction, Lance A. Berry, the Executive Vice President and Chief Financial Officer of Artivion, Inc. (NYSE:AORT), sold 3,259 shares of the company’s common stock. The shares were sold at an average price of $27.306, amounting to a total value of approximately $88,990. Following the sale, Berry retains ownership of 75,805 shares. The transaction comes as InvestingPro data shows Artivion, with a market capitalization of $1.06 billion, has seen its stock decline nearly 13% over the past week, though analysts maintain price targets between $32-35.
The transaction was executed on February 24, 2025, and was reported to the Securities and Exchange Commission on February 26, 2025. Notably, the sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units, as stated in the filing, and does not represent a discretionary transaction by Berry. According to InvestingPro, Artivion maintains a "GOOD" financial health score of 2.79, with liquid assets exceeding short-term obligations. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper analysis of AORT’s financial position.
In other recent news, Artivion Inc. reported its fourth-quarter 2024 revenue at $97.3 million, falling short of the consensus forecast of approximately $101 million. This revenue shortfall was primarily due to a cybersecurity breach, which impacted sales by about $4.5 million. Despite this, the company achieved an adjusted EBITDA of $17.6 million, surpassing the anticipated $17 million. Analysts from Stifel and Needham adjusted their price targets for Artivion, reducing them to $30 and $32, respectively, while maintaining a Buy rating. JMP Securities, however, kept its price target steady at $33, reaffirming a Market Outperform rating despite the earnings miss attributed to the cyber incident.
Artivion’s full-year revenue for 2024 totaled $388.5 million, slightly below the guidance range. For 2025, the company projects revenues between $420 million and $435 million, anticipating a rebound in sales growth of 10% to 14%. The adjusted EBITDA for 2025 is expected to be between $83 million and $91 million, which aligns favorably with prior projections. Artivion’s management has indicated that the segments affected by the cyber incident have returned to normal operations, and the company does not foresee significant long-term impacts on its 2025 results. Analysts at Needham expect a strong recovery throughout 2025, reflecting confidence in the company’s future performance despite recent challenges.
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