Paragon 28 (NYSE:FNA) Shares Acquired Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Paragon 28, Inc. (NYSE:FNA). In a filing disclosed on February 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Paragon 28 stock on January 29th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 2/3/2025.
• Purchased $15,001 - $50,000 in shares of CACI International NYSE: CACI on 1/31/2025.
• Purchased $50,001 - $100,000 in shares of Hawaiian Electric Industries NYSE: HE on 1/31/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Agios Pharmaceuticals NASDAQ: AGIO on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of U.S. Physical Therapy NYSE: USPH on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Lantheus NASDAQ: LNTH on 1/28/2025.

Paragon 28 Stock Performance

Paragon 28 stock traded down $0.01 during trading on Friday, reaching $13.06. The company had a trading volume of 487,319 shares, compared to its average volume of 2,215,380. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $14.78. The firm's 50-day simple moving average is $11.24 and its 200 day simple moving average is $8.78. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -17.64 and a beta of 1.54. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79.

Analyst Upgrades and Downgrades

FNA has been the subject of a number of analyst reports. Stephens reiterated an "equal weight" rating and issued a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. Canaccord Genuity Group reiterated a "hold" rating on shares of Paragon 28 in a research note on Wednesday, January 29th. Needham & Company LLC restated a "hold" rating and set a $13.00 price objective on shares of Paragon 28 in a research report on Wednesday, January 29th. Finally, William Blair lowered Paragon 28 from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Paragon 28 currently has an average rating of "Hold" and an average price target of $14.60.

Hedge Funds Weigh In On Paragon 28

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in Paragon 28 by 163.5% in the fourth quarter. Jane Street Group LLC now owns 74,803 shares of the company's stock worth $773,000 after purchasing an additional 46,411 shares during the last quarter. First Light Asset Management LLC grew its holdings in Paragon 28 by 4.2% in the fourth quarter. First Light Asset Management LLC now owns 10,580,467 shares of the company's stock worth $109,296,000 after purchasing an additional 425,824 shares during the last quarter. Northern Trust Corp grew its holdings in Paragon 28 by 7.1% in the fourth quarter. Northern Trust Corp now owns 456,572 shares of the company's stock worth $4,716,000 after purchasing an additional 30,199 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in Paragon 28 in the fourth quarter worth $560,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Paragon 28 by 17.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,786 shares of the company's stock worth $184,000 after purchasing an additional 2,618 shares during the last quarter. Institutional investors own 63.57% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Mvm Partners, Llc sold 27,142 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $11.62, for a total transaction of $315,390.04. Following the sale, the insider now directly owns 10,313,841 shares of the company's stock, valued at $119,846,832.42. The trade was a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 300,192 shares of company stock valued at $3,135,086. 15.32% of the stock is currently owned by insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Paragon 28 Company Profile

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.