Lee Rosenthal Sells 61,001 Shares of Paragon 28, Inc. (NYSE:FNA) Stock

Paragon 28, Inc. (NYSE:FNAGet Rating) major shareholder Lee Rosenthal sold 61,001 shares of Paragon 28 stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $18.48, for a total value of $1,127,298.48. Following the transaction, the insider now directly owns 75,607 shares in the company, valued at $1,397,217.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Lee Rosenthal also recently made the following trade(s):

  • On Monday, August 15th, Lee Rosenthal sold 64,519 shares of Paragon 28 stock. The shares were sold at an average price of $20.30, for a total value of $1,309,735.70.

Paragon 28 Stock Performance

NYSE:FNA opened at $16.20 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.66 and a quick ratio of 2.49. Paragon 28, Inc. has a 1 year low of $12.35 and a 1 year high of $25.41. The stock’s 50 day simple moving average is $17.84 and its two-hundred day simple moving average is $17.67. The company has a market cap of $1.24 billion and a price-to-earnings ratio of -36.82.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC lifted their target price on Paragon 28 from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Canaccord Genuity Group lifted their target price on Paragon 28 from $20.00 to $25.00 in a research note on Friday, August 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Paragon 28 has a consensus rating of “Buy” and an average price target of $25.40.

Institutional Trading of Paragon 28

A number of large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Paragon 28 in the 3rd quarter worth approximately $125,000. Vista Capital Partners Inc. purchased a new position in shares of Paragon 28 in the 3rd quarter worth approximately $471,000. Quantbot Technologies LP boosted its holdings in shares of Paragon 28 by 94.6% in the 3rd quarter. Quantbot Technologies LP now owns 11,366 shares of the company’s stock worth $202,000 after purchasing an additional 5,525 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Paragon 28 by 71.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 264,234 shares of the company’s stock worth $4,707,000 after purchasing an additional 110,340 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Paragon 28 in the 3rd quarter worth approximately $152,000. Institutional investors own 20.22% of the company’s stock.

Paragon 28 Company Profile

(Get Rating)

Paragon 28, Inc designs, develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.

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