Mark A. Augusti Sells 6,807 Shares of ConforMIS Inc (CFMS) Stock

ConforMIS Inc (NASDAQ:CFMS) CEO Mark A. Augusti sold 6,807 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $3.53, for a total value of $24,028.71. Following the completion of the sale, the chief executive officer now owns 1,116,891 shares of the company’s stock, valued at $3,942,625.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NASDAQ:CFMS traded down $0.13 during trading on Friday, reaching $3.42. 915,954 shares of the company traded hands, compared to its average volume of 1,356,713. The company has a market cap of $240.24 million, a price-to-earnings ratio of -4.62 and a beta of 3.05. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.33 and a current ratio of 3.00. ConforMIS Inc has a 52 week low of $0.36 and a 52 week high of $3.84.

ConforMIS (NASDAQ:CFMS) last released its earnings results on Wednesday, May 1st. The medical instruments supplier reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). The firm had revenue of $20.64 million during the quarter, compared to the consensus estimate of $20.11 million. ConforMIS had a negative return on equity of 97.85% and a negative net margin of 42.90%. Research analysts predict that ConforMIS Inc will post -0.43 EPS for the current fiscal year.



Several large investors have recently added to or reduced their stakes in CFMS. Renaissance Technologies LLC raised its holdings in shares of ConforMIS by 16.5% during the 1st quarter. Renaissance Technologies LLC now owns 4,261,128 shares of the medical instruments supplier’s stock worth $12,272,000 after buying an additional 604,882 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of ConforMIS by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 2,230,254 shares of the medical instruments supplier’s stock worth $2,364,000 after buying an additional 28,556 shares in the last quarter. Oxford Asset Management LLP acquired a new position in shares of ConforMIS during the 1st quarter worth $2,089,000. Spark Investment Management LLC raised its holdings in shares of ConforMIS by 172.2% during the 1st quarter. Spark Investment Management LLC now owns 500,000 shares of the medical instruments supplier’s stock worth $1,440,000 after buying an additional 316,300 shares in the last quarter. Finally, Altrinsic Global Advisors LLC raised its holdings in shares of ConforMIS by 11.7% during the 1st quarter. Altrinsic Global Advisors LLC now owns 478,942 shares of the medical instruments supplier’s stock worth $1,379,000 after buying an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 30.35% of the company’s stock.

CFMS has been the subject of several recent research reports. Zacks Investment Research upgraded ConforMIS from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Oppenheimer boosted their price target on ConforMIS from $2.50 to $3.50 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Finally, BTIG Research restated a “buy” rating and issued a $3.00 price target on shares of ConforMIS in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $3.00.

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ConforMIS Company Profile

Conformis, Inc, a medical technology company, develops, manufactures, and sells joint replacement implants. The company offers customized knee replacement products, including iTotal CR, a cruciate-retaining product; iTotal PS, a posterior cruciate ligament substituting product; iDuo, a customized bicompartmental knee replacement system; and iUni, a customized unicompartmental knee replacement product to treat the medial or lateral compartment of the knee.

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