Insider Selling: Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Sells $14,198.75 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMARGet Free Report) major shareholder Financial Lp Hrt sold 11,359 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $1.25, for a total value of $14,198.75. Following the completion of the sale, the insider owned 24,983 shares in the company, valued at $31,228.75. The trade was a 31.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more 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, July 7th, Financial Lp Hrt acquired 10,533 shares of Vision Marine Technologies stock. The shares were bought at an average price of $1.39 per share, with a total value of $14,640.87.
  • On Monday, July 6th, Financial Lp Hrt bought 4,187 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $1.33 per share, for a total transaction of $5,568.71.
  • On Thursday, July 2nd, Financial Lp Hrt bought 23,534 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $1.50 per share, for a total transaction of $35,301.00.
  • On Wednesday, July 1st, Financial Lp Hrt sold 24,800 shares of Vision Marine Technologies stock. The stock was sold at an average price of $2.10, for a total value of $52,080.00.
  • On Tuesday, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The shares were 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 stock was sold at an average price of $1.99, for a total value of $10,123.13.
  • On Friday, June 26th, Financial Lp Hrt purchased 876 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $1.98 per share, for a total transaction of $1,734.48.
  • On Thursday, June 25th, Financial Lp Hrt purchased 8,346 shares of Vision Marine Technologies stock. The stock was purchased at an average price of $2.00 per share, for a total transaction 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 transaction of $1,520.96.
  • On Tuesday, June 23rd, Financial Lp Hrt acquired 99 shares of Vision Marine Technologies stock. The shares were purchased at an average price of $2.74 per share, with a total value of $271.26.

Vision Marine Technologies Stock Up 2.4%

NASDAQ:VMAR traded up $0.03 on Friday, reaching $1.27. 861,580 shares of the stock traded hands, compared to its average volume of 1,575,552. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $12,700.00, a price-to-earnings ratio of -0.00 and a beta of 0.12. Vision Marine Technologies Inc. has a 12 month low of $1.00 and a 12 month high of $2,680.00. The company’s fifty day simple moving average is $4.82 and its 200 day simple moving average is $25.73.

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

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on Vision Marine Technologies

Institutional Investors Weigh In On Vision Marine Technologies

An institutional investor recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC purchased a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMARFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies accounts for about 0.3% of Sabby Management LLC’s holdings, making the stock its 17th biggest holding. Sabby Management LLC owned 19.03% of Vision Marine Technologies as of its most recent filing with the SEC. 53.79% of the stock is owned by hedge funds and other institutional investors.

Vision Marine Technologies Company Profile

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Vision Marine Technologies (NASDAQ:VMAR)

Receive News & Ratings for Vision Marine Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vision Marine Technologies and related companies with MarketBeat.com's FREE daily email newsletter.