K2M Group Holdings, Inc. (NASDAQ:KTWO) CFO Sells $979,191.60 in Stock

K2M Group Holdings, Inc. (NASDAQ:KTWO) CFO Gregory S. Cole sold 42,947 shares of K2M Group Holdings stock in a transaction on Friday, June 16th. The stock was sold at an average price of $22.80, for a total transaction of $979,191.60. Following the transaction, the chief financial officer now owns 87,425 shares in the company, valued at approximately $1,993,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gregory S. Cole also recently made the following trade(s):

  • On Saturday, July 1st, Gregory S. Cole sold 956 shares of K2M Group Holdings stock. The stock was sold at an average price of $24.33, for a total transaction of $23,259.48.

K2M Group Holdings, Inc. (KTWO) traded up 1.48% during trading on Friday, reaching $23.29. 223,710 shares of the company traded hands. K2M Group Holdings, Inc. has a 12-month low of $15.39 and a 12-month high of $24.89. The firm’s 50 day moving average price is $22.87 and its 200 day moving average price is $21.24. The firm’s market capitalization is $991.13 million.

K2M Group Holdings (NASDAQ:KTWO) last announced its quarterly earnings results on Tuesday, May 2nd. The medical device company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $61.89 million for the quarter, compared to analysts’ expectations of $60.10 million. K2M Group Holdings had a negative net margin of 17.48% and a negative return on equity of 16.02%. Equities research analysts expect that K2M Group Holdings, Inc. will post ($0.80) earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its stake in K2M Group Holdings by 9.1% in the first quarter. Legal & General Group Plc now owns 6,763 shares of the medical device company’s stock valued at $138,000 after buying an additional 564 shares in the last quarter. Simplex Trading LLC bought a new stake in K2M Group Holdings during the first quarter valued at approximately $187,000. Teton Advisors Inc. bought a new stake in K2M Group Holdings during the fourth quarter valued at approximately $200,000. Parkwood LLC bought a new stake in K2M Group Holdings during the first quarter valued at approximately $223,000. Finally, Paradigm Capital Management Inc. NY bought a new stake in K2M Group Holdings during the first quarter valued at approximately $226,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on KTWO shares. Zacks Investment Research upgraded shares of K2M Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, March 23rd. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of K2M Group Holdings in a report on Thursday, June 22nd. JMP Securities reiterated an “outperform” rating and set a $30.00 price target (up previously from $27.00) on shares of K2M Group Holdings in a report on Wednesday, June 28th. TheStreet upgraded shares of K2M Group Holdings from a “d+” rating to a “c” rating in a report on Monday, May 8th. Finally, Barclays PLC boosted their target price on shares of K2M Group Holdings from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, April 24th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. K2M Group Holdings presently has a consensus rating of “Buy” and a consensus price target of $25.50.

About K2M Group Holdings

K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine and minimally invasive technologies and techniques. The Company’s solutions are focused on achieving three-dimensional Total Body Balance. Its spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.

Insider Buying and Selling by Quarter for K2M Group Holdings (NASDAQ:KTWO)

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