In a recent move, Katrina J. Church, the Senior Vice President & Chief Compliance Officer of Bioventus Inc. (NASDAQ:BVS), sold 1,325 shares of the company's stock. The transaction, which took place on April 11, 2024, was part of a prearranged trading plan and was executed to cover tax obligations related to the vesting of restricted stock units.
The shares were sold at a weighted average price of $4.75, totaling approximately $6,293. The price range for these shares varied from $4.53 to $4.95, with the specific distribution of shares sold at each price available upon request. This sale was conducted under a 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for buying or selling stocks at a time when they are not in possession of nonpublic information.
Following the sale, Church's direct ownership in Bioventus Inc. stands at 17,042 shares. The company, which specializes in surgical and medical instruments and apparatus, has its headquarters in Durham, North Carolina.
Investors and followers of Bioventus Inc. will note that insider sales and purchases can be indicative of a company's financial health and executive confidence. Transactions like these are reported to the Securities and Exchange Commission and are publicly accessible for review.
InvestingPro Insights
As Bioventus Inc. (NASDAQ:BVS) navigates through the financial year, the company's performance and executive transactions are of keen interest to investors. According to InvestingPro data, Bioventus has a market capitalization of $366.54 million and has demonstrated significant price volatility, with a 6-month price total return of 80.28% and a staggering 1-year price total return of 391.51%. This reflects a large price uptick that aligns with one of the InvestingPro Tips, suggesting a robust performance in the stock market over the past year.
The company's revenue has seen a modest increase in the last twelve months as of Q4 2023, with a growth of 0.04%, while the quarterly revenue growth for Q4 2023 was more substantial at 7.62%. Despite this, the company has been grappling with profitability, as evidenced by a negative P/E ratio of -1.86, which has adjusted further to -5.53 for the last twelve months as of Q4 2023. This aligns with another InvestingPro Tip indicating that the company has not been profitable over the last twelve months, although analysts predict it will be profitable this year.
For those interested in more in-depth analysis and additional insights, InvestingPro offers further tips on Bioventus Inc., which can be found at https://www.investing.com/pro/BVS. Currently, there are 9 additional InvestingPro Tips available for investors to consider. To gain access to these valuable insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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