A Major Shareholder at K2M Group Holdings (NASDAQ: KTWO) is Selling Shares

By Carrie Williams

Today, a Major Shareholder at K2M Group Holdings (NASDAQ: KTWO), Welsh, Carson, Anderson & Stowe Xi, L.P., sold shares of KTWO for $81.23M.

In addition to Welsh, Carson, Anderson & Stowe Xi, L.P., 2 other KTWO executives reported Sell trades in the last month.

Based on K2M Group Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $59.31 million and GAAP net loss of $7.91 million. In comparison, last year the company earned revenue of $55.01 million and had a GAAP net loss of $10.22 million. The company has a one year high of $21.67 and a one year low of $10.10. Currently, K2M Group Holdings has an average volume of 217.2K.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $22.50, reflecting a -16.9% downside.

The insider sentiment on K2M Group Holdings has been positive according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

K2M Group Holdings, Inc. is a global medical device company. It focused on designing, developing and commercializing innovative and proprietary complex spine technologies and techniques. The company’s complex spine products are used by spine surgeons to treat some of the most difficult and challenging spinal pathologies, such as deformity, trauma and tumor. Its products consist of implants, disposables and instruments which are marketed and sold primarily to hospitals for use by spine surgeons. K2M Group Holdings was founded by John Philip Kostuik and Eric D. Major in June 29, 2010 and is headquartered in Leesburg, VA.