A Major Shareholder at SeaSpine Holdings is Exercising Options

By Carrie Williams

Today it was reported that a Major Shareholder at SeaSpine Holdings (SPNEResearch Report), Richard Caruso, exercised options to sell 5,020 SPNE shares at $14.15 a share, for a total transaction value of $76.15K. The options were close to expired and Richard Caruso disposed stocks.

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Based on SeaSpine Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $36.15 million and GAAP net loss of $8.99 million. In comparison, last year the company earned revenue of $33.18 million and had a GAAP net loss of $7.11 million. Currently, SeaSpine Holdings has an average volume of 77.86K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $20.67, reflecting a 34.3% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy SPNE with a $20 price target.

Richard Caruso’s trades have generated a 17.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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SeaSpine Holdings Corp. is a medical technology company, which focuses on design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. It has a comprehensive portfolio of orthobiologics and spinal fusion hardware solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures on the lumbar, thoracic and cervical spine. The company was founded on February 12, 2015 and is headquartered in Carlsbad, CA.