Insider Selling: Paragon 28, Inc. (NYSE:FNA) Major Shareholder Sells 164,664 Shares of Stock

Paragon 28, Inc. (NYSE:FNA - Get Free Report) major shareholder Mvm Partners, Llc sold 164,664 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $13.01, for a total value of $2,142,278.64. Following the completion of the transaction, the insider now owns 8,854,883 shares of the company's stock, valued at $115,202,027.83. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Mvm Partners, Llc also recently made the following trade(s):

• On Tuesday, March 4th, Mvm Partners, Llc sold 619,747 shares of Paragon 28 stock. The stock was sold at an average price of $12.99, for a total transaction of $8,050,513.53.
• On Monday, January 27th, Mvm Partners, Llc sold 27,142 shares of Paragon 28 stock. The stock was sold at an average price of $11.62, for a total transaction of $315,390.04.
• On Thursday, January 23rd, Mvm Partners, Llc sold 20,136 shares of Paragon 28 stock. The stock was sold at an average price of $11.63, for a total transaction of $234,181.68.

Paragon 28 Price Performance

Shares of NYSE:FNA traded down $0.02 during trading on Monday, reaching $13.02. The company had a trading volume of 943,326 shares, compared to its average volume of 838,079. Paragon 28, Inc. has a 12 month low of $4.65 and a 12 month high of $13.13. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $1.09 billion, a P/E ratio of -17.59 and a beta of 1.54. The company has a fifty day moving average of $12.07 and a two-hundred day moving average of $9.35.

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Hedge Funds Weigh In On Paragon 28

A number of large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC bought a new position in shares of Paragon 28 during the fourth quarter valued at about $36,000. AlphaQuest LLC raised its position in Paragon 28 by 33.6% during the 4th quarter. AlphaQuest LLC now owns 3,680 shares of the company's stock valued at $38,000 after purchasing an additional 925 shares during the last quarter. State of Wyoming lifted its holdings in Paragon 28 by 37.4% in the 4th quarter. State of Wyoming now owns 4,359 shares of the company's stock worth $45,000 after buying an additional 1,187 shares during the period. Intech Investment Management LLC purchased a new position in shares of Paragon 28 during the third quarter valued at approximately $70,000. Finally, Creative Planning bought a new position in shares of Paragon 28 during the third quarter valued at approximately $91,000. 63.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on FNA. William Blair cut Paragon 28 from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Needham & Company LLC reiterated a "hold" rating and set a $13.00 target price on shares of Paragon 28 in a research report on Wednesday, January 29th. Stephens reissued an "equal weight" rating and issued a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group set a $13.00 price objective on shares of Paragon 28 in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $14.20.

About Paragon 28

Paragon 28, Inc 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.