Insider Selling: Anteris Technologies Global (NASDAQ:AVR) Major Shareholder Sells $3,495,079.50 in Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 375,815 shares of Anteris Technologies Global stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $9.30, for a total value of $3,495,079.50. Following the transaction, the insider owned 4,811,341 shares in the company, valued at approximately $44,745,471.30. This represents a 7.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

L1 Capital Pty Ltd also recently made the following trade(s):

• On Monday, August 10th, L1 Capital Pty Ltd sold 251,844 shares of Anteris Technologies Global stock. The shares were sold at an average price of $9.10, for a total transaction of $2,291,780.40.
• On Thursday, August 6th, L1 Capital Pty Ltd sold 174,721 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.10, for a total transaction of $1,415,240.10.
• On Tuesday, August 4th, L1 Capital Pty Ltd sold 480,608 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.30, for a total transaction of $3,989,046.40.
• On Wednesday, August 5th, L1 Capital Pty Ltd sold 14,581 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.23, for a total transaction of $120,001.63.
• On Monday, August 3rd, L1 Capital Pty Ltd sold 475,693 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.10, for a total transaction of $3,853,113.30.
• On Friday, July 31st, L1 Capital Pty Ltd sold 48,711 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.15, for a total transaction of $396,994.65.
• On Wednesday, July 29th, L1 Capital Pty Ltd sold 155,505 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.04, for a total transaction of $1,250,260.20.
• On Thursday, July 30th, L1 Capital Pty Ltd sold 558,633 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.20, for a total transaction of $4,580,790.60.
• On Monday, July 27th, L1 Capital Pty Ltd sold 232,817 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.19, for a total transaction of $1,906,771.23.
• On Tuesday, July 28th, L1 Capital Pty Ltd sold 208,731 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.09, for a total transaction of $1,688,633.79.

Anteris Technologies Global Stock Performance

AVR opened at $9.40 on Friday. Anteris Technologies Global Corp. has a one year low of $3.30 and a one year high of $11.06. The stock has a market capitalization of $916.12 million, a PE ratio of -4.82 and a beta of 1.78. The business’s 50 day moving average price is $9.13 and its 200 day moving average price is $7.38.

Anteris Technologies Global (NASDAQ:AVR) last posted its earnings results on Tuesday, August 11th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.09). Anteris Technologies Global had a negative return on equity of 77.69% and a negative net margin of 4,619.27%.The business had revenue of $1.01 million for the quarter, compared to analyst estimates of $1.50 million. During the same period last year, the business earned ($0.58) EPS. As a group, equities research analysts forecast that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on AVR shares. Cantor Fitzgerald reissued an “overweight” rating and set a $15.00 price objective on shares of Anteris Technologies Global in a research report on Friday. Barclays upped their target price on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Finally, Wall Street Zen upgraded shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Institutional Investors Weigh In On Anteris Technologies Global

A number of hedge funds have recently added to or reduced their stakes in AVR. L1 Capital Pty Ltd grew its stake in shares of Anteris Technologies Global by 143.2% in the third quarter. L1 Capital Pty Ltd now owns 6,838,136 shares of the company’s stock worth $30,772,000 after acquiring an additional 4,026,136 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Anteris Technologies Global during the second quarter worth $56,846,000. ADAR1 Capital Management LLC raised its stake in shares of Anteris Technologies Global by 205.9% in the first quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company’s stock valued at $21,030,000 after acquiring an additional 2,550,355 shares in the last quarter. Perceptive Advisors LLC raised its stake in shares of Anteris Technologies Global by 104.4% in the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company’s stock valued at $19,011,000 after acquiring an additional 1,750,000 shares in the last quarter. Finally, Nantahala Capital Management LLC boosted its holdings in Anteris Technologies Global by 31.9% in the fourth quarter. Nantahala Capital Management LLC now owns 2,530,910 shares of the company’s stock valued at $12,629,000 after purchasing an additional 612,244 shares during the period.

Anteris Technologies Global Company Profile

Anteris Technologies Global Corp. engages in the development and commercialization of medical devices for heart diseases. The company was founded in 1999 and is headquartered in Eagan, MN.