Paragon 28 sees $1.32 million stock sale by MVM Partners

MVM Partners, LLC, a significant stakeholder in Paragon 28, Inc. (NASDAQ:FNA), disclosed the sale of 111,465 shares of common stock, valued at approximately $1.32 million. The transactions occurred over two days, with shares sold at prices ranging from $11.6213 to $11.938 each. The stock, which currently trades at $12.99, has shown strong momentum with a 38% gain over the past six months. According to InvestingPro analysis, the stock’s RSI suggests it is in overbought territory.

On January 27, MVM Partners sold 27,142 shares at $11.6213 per share, followed by a larger sale of 84,323 shares on January 28 at $11.938 per share. Following these transactions, MVM Partners holds 10,229,518 shares in Paragon 28, representing a significant portion of the company’s $1 billion market capitalization. These sales were part of indirect ownership, as noted in the filing’s footnotes, which clarify the distribution of shares among various MVM entities. InvestingPro subscribers can access 8 additional key insights about Paragon 28’s financial health, which currently rates as "GOOD" in their comprehensive analysis framework.

In other recent news, Paragon 28 reported significant growth in Q4 and full-year revenue for 2024. The company’s fourth-quarter revenue is expected to be between $71.5 million and $71.8 million, an impressive 18-19% increase year-over-year. For the entire year, revenue is anticipated to be within the range of $255.9 million to $256.2 million, indicating similar growth.

In addition, Paragon 28 has been acquired by Zimmer Biomet in a cash transaction valuing the company at approximately $1.1 billion. This acquisition followed the announcement that Needham analysts revised their rating on Paragon 28, downgrading it from "Buy" to "Hold."

Despite not providing revenue guidance for 2025, the consensus estimate for 2025 revenue stands at $292 million, hinting at an estimated growth of 14%. These recent developments, including the launch of 13 new products, demonstrate Paragon 28’s commitment to continued growth and operational efficiency.

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