Jeffrey W. Dunn Sells 14,503 Shares of SI-Bone Inc (NASDAQ:SIBN) Stock

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SI-Bone Inc (NASDAQ:SIBN) CEO Jeffrey W. Dunn sold 14,503 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $19.16, for a total transaction of $277,877.48.

Shares of NASDAQ:SIBN traded up $0.47 on Tuesday, reaching $19.70. 500 shares of the company’s stock were exchanged, compared to its average volume of 112,016. The company has a fifty day moving average of $18.97 and a 200-day moving average of $18.21. SI-Bone Inc has a twelve month low of $14.08 and a twelve month high of $23.03. The company has a market capitalization of $464.25 million and a price-to-earnings ratio of -27.48. The company has a current ratio of 12.00, a quick ratio of 11.55 and a debt-to-equity ratio of 0.50.

SI-Bone (NASDAQ:SIBN) last announced its earnings results on Tuesday, August 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.05. SI-Bone had a negative net margin of 46.59% and a negative return on equity of 84.84%. The firm had revenue of $16.32 million for the quarter. As a group, equities research analysts forecast that SI-Bone Inc will post -1.31 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in SIBN. First Light Asset Management LLC acquired a new position in shares of SI-Bone during the 2nd quarter worth approximately $13,248,000. BlackRock Inc. grew its position in shares of SI-Bone by 70.7% during the 2nd quarter. BlackRock Inc. now owns 1,120,294 shares of the company’s stock worth $22,787,000 after purchasing an additional 463,874 shares in the last quarter. Meridian Investment Counsel Inc. acquired a new position in shares of SI-Bone during the 2nd quarter worth approximately $7,813,000. Capital Bank & Trust Co acquired a new position in shares of SI-Bone during the 2nd quarter worth approximately $5,249,000. Finally, Vanguard Group Inc. grew its position in shares of SI-Bone by 65.5% during the 2nd quarter. Vanguard Group Inc. now owns 563,111 shares of the company’s stock worth $11,454,000 after purchasing an additional 222,788 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

SIBN has been the topic of a number of research reports. ValuEngine upgraded shares of SI-Bone from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of SI-Bone from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.75.

SI-Bone Company Profile

SI-BONE, Inc, a medical device company, develops and commercializes a proprietary minimally invasive surgical implant system in the United States and Internationally. It offers iFuse, an implant system to fuse the sacroiliac joint to treat sacroiliac joint dysfunction that causes lower back pain. The company was founded in 2008 and is headquartered in Santa Clara, California.

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