Insider Buying: Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Buys $14,640.87 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt purchased 10,533 shares of Vision Marine Technologies stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average price of $1.39 per share, for a total transaction of $14,640.87. Following the transaction, the insider directly owned 36,342 shares in the company, valued at $50,515.38. This represents a 40.81% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 8th, Financial Lp Hrt sold 11,359 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.25, for a total transaction of $14,198.75.
• On Monday, July 6th, Financial Lp Hrt bought 4,187 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $1.33 per share, with a total value of $5,568.71.
• On Thursday, July 2nd, Financial Lp Hrt bought 23,534 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $1.50 per share, for a total transaction of $35,301.00.
• On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.10, for a total value of $52,080.00.
• On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.97, for a total value of $17,081.87.
• On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.99, for a total value of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt acquired 876 shares of Vision Marine Technologies stock. The stock was acquired at an average cost of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt bought 8,346 shares of Vision Marine Technologies stock. The stock was acquired at an average price of $2.00 per share, for a total transaction of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.24, for a total transaction of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The shares were bought at an average cost of $2.74 per share, for a total transaction of $271.26.

Vision Marine Technologies Price Performance

NASDAQ:VMAR traded up $0.03 on Friday, hitting $1.27. The company had a trading volume of 861,580 shares, compared to its average volume of 1,575,552. Vision Marine Technologies Inc. has a 52 week low of $1.00 and a 52 week high of $2,680.00. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $12,700.00, a price-to-earnings ratio of -0.00 and a beta of 0.12. The firm has a 50 day moving average of $4.82 and a two-hundred day moving average of $25.73.

Vision Marine Technologies (NASDAQ:VMAR) last announced its quarterly earnings results on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, beating analysts’ consensus estimates of ($653.39) by $630.19. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.The company had revenue of $14.53 million during the quarter, compared to analysts’ expectations of $0.73 million.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Weiss Ratings upgraded Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Vision Marine Technologies currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC purchased a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies makes up 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 17th biggest position. Sabby Management LLC owned 19.03% of Vision Marine Technologies as of its most recent SEC filing. 53.79% of the stock is owned by institutional investors.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.