SI-BONE, Inc. (NASDAQ:SIBN) Insider Anthony J. Recupero Sells 3,670 Shares of Stock

SI-BONE, Inc. (NASDAQ:SIBN) insider Anthony J. Recupero sold 3,670 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $13.90, for a total value of $51,013.00. Following the completion of the sale, the insider now directly owns 222,814 shares in the company, valued at $3,097,114.60. This represents a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

SI-BONE Stock Down 1.1 %

SI-BONE stock opened at $14.12 on Tuesday. SI-BONE, Inc. has a 52 week low of $11.70 and a 52 week high of $21.64. The stock has a market cap of $592.16 million, a price-to-earnings ratio of -15.35 and a beta of 1.16. The company’s 50-day moving average price is $13.61 and its two-hundred day moving average price is $14.16. The company has a current ratio of 8.25, a quick ratio of 7.22 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in SI-BONE by 9.4% in the second quarter. Bank of New York Mellon Corp now owns 142,106 shares of the company’s stock worth $1,837,000 after purchasing an additional 12,158 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of SI-BONE by 24.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,649 shares of the company’s stock valued at $138,000 after buying an additional 2,108 shares during the period. Rhumbline Advisers boosted its stake in SI-BONE by 1.5% during the second quarter. Rhumbline Advisers now owns 59,419 shares of the company’s stock valued at $768,000 after buying an additional 852 shares in the last quarter. Arizona State Retirement System grew its holdings in SI-BONE by 9.0% during the second quarter. Arizona State Retirement System now owns 10,921 shares of the company’s stock worth $141,000 after acquiring an additional 903 shares during the period. Finally, ClariVest Asset Management LLC raised its position in SI-BONE by 20.7% in the second quarter. ClariVest Asset Management LLC now owns 59,958 shares of the company’s stock worth $775,000 after acquiring an additional 10,274 shares in the last quarter. 98.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SIBN has been the topic of a number of analyst reports. Truist Financial increased their price objective on shares of SI-BONE from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of SI-BONE in a report on Wednesday, November 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $23.00.

SI-BONE Company Profile

SI-BONE, Inc, a medical device company, that operate to solve musculoskeletal disorders of the sacropelvic anatomy in the United States and internationally. It offers proprietary minimally invasive surgical implant system to address sacroiliac joint dysfunction and fusion, adult deformity and degeneration, and pelvic trauma; and implantable bone products.