Insider Selling: Anteris Technologies Global (NASDAQ:AVR) Major Shareholder Sells 480,608 Shares

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 480,608 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $8.30, for a total transaction of $3,989,046.40. Following the completion of the transaction, the insider directly owned 5,628,302 shares in the company, valued at $46,714,906.60. This trade represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 value 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 value 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 value 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 value 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 value 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 value of $1,906,771.23.
• On Tuesday, July 28th, L1 Capital Pty Ltd sold 208,731 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.09, for a total value of $1,688,633.79.
• On Friday, July 24th, L1 Capital Pty Ltd sold 23,000 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.13, for a total value of $186,990.00.

Anteris Technologies Global Stock Down 2.8%

Shares of AVR opened at $8.05 on Thursday. Anteris Technologies Global Corp. has a 52-week low of $3.17 and a 52-week high of $11.06. The company has a market capitalization of $783.59 million, a PE ratio of -3.61 and a beta of 1.78. The stock has a fifty day simple moving average of $9.16 and a two-hundred day simple moving average of $7.24.

Anteris Technologies Global (NASDAQ:AVR) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The firm had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.77 million. Anteris Technologies Global had a negative net margin of 5,148.78% and a negative return on equity of 124.76%. During the same period in the previous year, the firm posted ($0.61) EPS. As a group, equities analysts anticipate that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Anteris Technologies Global

Institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its holdings in Anteris Technologies Global by 8.1% during the 4th quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock valued at $144,000 after acquiring an additional 2,171 shares during the period. Bank of America Corp DE boosted its stake in shares of Anteris Technologies Global by 35.7% in the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock valued at $48,000 after purchasing an additional 2,798 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Anteris Technologies Global by 76.9% in the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after purchasing an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Anteris Technologies Global by 35.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,744 shares of the company’s stock worth $45,000 after buying an additional 3,055 shares during the period. Finally, Barclays PLC increased its stake in Anteris Technologies Global by 3.0% during the 4th quarter. Barclays PLC now owns 148,128 shares of the company’s stock worth $739,000 after buying an additional 4,289 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.