Strata Critical Medical (NASDAQ:SRTA) CAO Sells $59,637.00 in Stock

Strata Critical Medical (NASDAQ:SRTA) CAO Amir Cohen sold 10,300 shares of Strata Critical Medical stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $5.79, for a total value of $59,637.00. Following the sale, the chief accounting officer directly owned 191,838 shares of the company’s stock, valued at $1,110,742.02. This trade represents a 5.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amir Cohen also recently made the following trade(s):

• On Friday, May 22nd, Amir Cohen sold 40,575 shares of Strata Critical Medical stock. The stock was sold at an average price of $5.91, for a total value of $239,798.25.

Strata Critical Medical Price Performance

Strata Critical Medical stock opened at $6.47 on Friday. Strata Critical Medical has a 52 week low of $3.40 and a 52 week high of $6.50. The firm has a market capitalization of $559.85 million, a P/E ratio of -80.88 and a beta of 2.15. The business’s 50-day moving average price is $4.92.

Strata Critical Medical (NASDAQ:SRTA) last released its earnings results on Wednesday, May 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07. Strata Critical Medical had a negative return on equity of 4.06% and a net margin of 20.56%.The firm had revenue of $67.38 million during the quarter. On average, analysts expect that Strata Critical Medical will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of Strata Critical Medical by 16.2% during the 1st quarter. Bank of America Corp DE now owns 181,574 shares of the company’s stock worth $759,000 after buying an additional 25,379 shares during the period. Quantinno Capital Management LP raised its stake in shares of Strata Critical Medical by 98.7% during the 1st quarter. Quantinno Capital Management LP now owns 143,239 shares of the company’s stock worth $599,000 after buying an additional 71,155 shares during the period. Dimensional Fund Advisors LP raised its stake in Strata Critical Medical by 11.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,617,104 shares of the company’s stock valued at $6,759,000 after purchasing an additional 172,154 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Strata Critical Medical in the 1st quarter valued at $537,000. Finally, Seelaus Asset Management LLC raised its stake in Strata Critical Medical by 32.7% in the 1st quarter. Seelaus Asset Management LLC now owns 24,350 shares of the company’s stock valued at $102,000 after purchasing an additional 6,000 shares during the last quarter. 47.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SRTA has been the topic of a number of analyst reports. B. Riley Financial began coverage on Strata Critical Medical in a research report on Wednesday, March 25th. They set a “buy” rating and a $8.00 target price on the stock. Zacks Research raised Strata Critical Medical to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings raised Strata Critical Medical from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Craig Hallum began coverage on Strata Critical Medical in a research note on Wednesday, March 25th. They set a “buy” rating and a $8.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Strata Critical Medical Company Profile

Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.