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Amy Horton, Vice President and Chief Accounting Officer at Artivion Inc. (NYSE:AORT), sold a total of $90,737 worth of common stock, according to a recent SEC filing. The $1.06 billion market cap company, which has seen its stock decline nearly 13% in the past week, shows mixed signals according to InvestingPro analysis. The transactions, which took place on February 24, involved the sale of 3,323 shares at prices ranging from $27.305 to $27.306 per share. Following these sales, Horton holds 131,141 shares of the company. The shares were sold to cover tax withholding obligations related to the vesting of restricted stock units. While the stock appears overvalued at current levels, analysts maintain a strong buy consensus with price targets ranging from $32 to $35 per share. For deeper insights into Artivion’s valuation and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Artivion Inc. reported its fourth-quarter 2024 earnings with revenue totaling $97.3 million, missing the forecasted $100.82 million. This shortfall was partly due to a cybersecurity breach that impacted sales by approximately $4.5 million. Despite the revenue miss, Artivion’s adjusted EBITDA exceeded expectations at $17.6 million, surpassing the anticipated $17 million. Analysts from Stifel, Needham, and JMP Securities have adjusted their outlooks, with Stifel lowering the price target to $30 and Needham to $32, while JMP Securities maintained a $33 target. Artivion’s full-year revenue for 2024 was $388.5 million, slightly below the guidance range but marking a 9.4% growth in constant currency. Looking forward, Artivion projects 2025 revenue between $420 million and $435 million, with anticipated adjusted EBITDA ranging from $83 million to $91 million. The company expects a recovery from the cybersecurity incident and aims for sales growth throughout 2025. Despite these challenges, analysts anticipate a strong recovery for Artivion in the coming year.
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