Insider Selling: Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Sells 24,800 Shares

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 24,800 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $2.10, for a total value of $52,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The stock was sold at an average price of $1.97, for a total value of $17,081.87.
• On Monday, June 29th, Financial Lp Hrt sold 5,087 shares of Vision Marine Technologies stock. The shares were sold at an average price of $1.99, for a total value of $10,123.13.
• On Friday, June 26th, Financial Lp Hrt bought 876 shares of Vision Marine Technologies stock. The shares were acquired at an average cost of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt bought 8,346 shares of Vision Marine Technologies stock. The shares were acquired at an average price of $2.00 per share, with a total value of $16,692.00.
• On Wednesday, June 24th, Financial Lp Hrt sold 679 shares of Vision Marine Technologies stock. The shares were sold at an average price of $2.24, for a total value of $1,520.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 99 shares of Vision Marine Technologies stock. The stock was bought at an average price of $2.74 per share, for a total transaction of $271.26.
• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The stock was sold at an average price of $3.11, for a total transaction of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt bought 6,872 shares of Vision Marine Technologies stock. The stock was bought at an average price of $2.84 per share, with a total value of $19,516.48.
• On Wednesday, June 17th, Financial Lp Hrt bought 2,621 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $3.27 per share, for a total transaction of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt purchased 234,583 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $0.29 per share, with a total value of $68,029.07.

Vision Marine Technologies Stock Performance

NASDAQ VMAR traded down $0.12 during trading hours on Thursday, hitting $1.46. The company had a trading volume of 639,136 shares, compared to its average volume of 201,058. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.28. Vision Marine Technologies Inc. has a 1-year low of $1.41 and a 1-year high of $2,992.00. The company has a market cap of $14,600.00, a PE ratio of -0.00 and a beta of 0.12. The business has a 50 day moving average of $6.41 and a 200-day moving average of $33.72.

Vision Marine Technologies (NASDAQ:VMAR) last posted its earnings results on Tuesday, April 14th. The company reported ($23.20) EPS for the quarter, topping analysts’ consensus estimates of ($653.39) by $630.19. The business had revenue of $14.53 million for the quarter, compared to analysts’ expectations of $0.73 million. Vision Marine Technologies had a negative return on equity of 281.97% and a negative net margin of 54.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VMAR. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings raised shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Vision Marine Technologies stock. Sabby Management LLC acquired a new stake in Vision Marine Technologies Inc. (NASDAQ:VMAR) during the third quarter, according to its most recent filing with the SEC. The firm acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises about 0.3% of Sabby Management LLC’s holdings, making the stock its 17th largest position. Sabby Management LLC owned approximately 19.03% of Vision Marine Technologies as of its most recent SEC filing. 53.79% of the stock is currently owned by institutional investors and hedge funds.

About Vision Marine Technologies

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.