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MVM Partners, LLC, a ten percent owner of Paragon 28 , Inc. (NYSE:FNA), recently disclosed the sale of 45,162 shares of the company's common stock. The transactions occurred over two consecutive days, January 23 and January 24, with shares sold at prices ranging from $11.595 to $11.626 each. The total value of these sales amounted to $524,277. According to InvestingPro data, the stock has shown strong momentum with a 34.8% return over the past six months, though current analysis suggests the stock may be trading above its Fair Value.
Following these transactions, MVM Partners now holds 10,340,983 shares of Paragon 28. The shares are distributed among MVM V (2020) LP, MVM V LP, and MVM GP (No. 5) LP. MVM Partners has indicated that it disclaims beneficial ownership of the reported securities, except to the extent of its pecuniary interest. The company maintains a healthy financial position with a current ratio of 3.5 and has achieved 18.16% revenue growth in the last twelve months. For deeper insights into Paragon 28's financial health and growth prospects, including 8 additional key ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, Paragon 28 has experienced substantial growth in its Q4 and full-year revenue. The company's preannouncement of its Q4 2024 revenue is expected to be between $71.5 million and $71.8 million, indicating a year-over-year increase of approximately 18-19%, surpassing the consensus estimate of $69.6 million. For the full year, Paragon 28 anticipates its revenue to be within the range of $255.9 million to $256.2 million, marking a similar growth of around 18%.
Needham analysts have maintained a Buy rating on shares of Paragon 28, expressing confidence in the company's continued momentum and growth potential. Despite not providing revenue guidance for 2025, the consensus estimate for 2025 revenue stands at $292 million, suggesting an estimated growth of 14%.
Paragon 28 also launched 13 new products in 2024, contributing to its strong financial position and robust liquidity, as indicated by a current ratio of 3.5. These recent developments underscore Paragon 28's commitment to continued growth and operational efficiency, as the company aims to achieve EBITDA positivity in 2025 and cash flow positivity in 2026.
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