Key Points
- Holdings Ltd Falconx sold 239,588 shares of Sharps Technology on Jan 12 at $1.97 (~$471,988) and had sold 529,732 shares on Jan 9 at $1.93 (~$1.02M), totaling about 769,320 shares (~$1.49M) in recent insider sales.
- Sharps reported a quarterly loss of ($4.02) EPS versus an expected ($1.01), has a market cap near $51M, and carries an average analyst rating of "Sell", underscoring weak fundamentals despite recent volatility.
Sharps Technology, Inc. (NASDAQ:STSS - Get Free Report) major shareholder Holdings Ltd Falconx sold 239,588 shares of the company's stock in a transaction on Monday, January 12th. The stock was sold at an average price of $1.97, for a total value of $471,988.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Holdings Ltd Falconx also recently made the following trade(s):
- On Friday, January 9th, Holdings Ltd Falconx sold 529,732 shares of Sharps Technology stock. The shares were sold at an average price of $1.93, for a total value of $1,022,382.76.
Sharps Technology Stock Up 6.7%
STSS stock opened at $1.76 on Friday. Sharps Technology, Inc. has a twelve month low of $1.42 and a twelve month high of $211.20. The company has a market cap of $51.04 million, a P/E ratio of 0.00 and a beta of 2.20. The business has a fifty day moving average of $2.14 and a 200-day moving average of $4.72.
Sharps Technology (NASDAQ:STSS - Get Free Report) last posted its quarterly earnings results on Friday, November 14th. The company reported ($4.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.01) by ($3.01). The company had revenue of $2.29 million during the quarter, compared to analyst estimates of $0.35 million.
Institutional Trading of Sharps Technology
A number of hedge funds have recently modified their holdings of STSS. Bank of America Corp DE grew its holdings in Sharps Technology by 98,825.0% during the third quarter. Bank of America Corp DE now owns 7,914 shares of the company's stock valued at $52,000 after purchasing an additional 7,906 shares during the period. Aristides Capital LLC bought a new stake in shares of Sharps Technology in the 4th quarter valued at $25,000. T3 Companies LLC acquired a new stake in Sharps Technology during the 4th quarter worth $68,000. Geode Capital Management LLC lifted its holdings in Sharps Technology by 2,349.9% during the fourth quarter. Geode Capital Management LLC now owns 280,372 shares of the company's stock worth $569,000 after acquiring an additional 268,928 shares in the last quarter. Finally, Pantera Capital Partners LP acquired a new position in Sharps Technology in the third quarter valued at about $7,498,000. 17.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on STSS shares. Wall Street Zen cut shares of Sharps Technology from a "hold" rating to a "sell" rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Sharps Technology in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Sharps Technology has an average rating of "Sell".
Read Our Latest Report on STSS
About Sharps Technology
(
Get Free Report)
Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company's flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.
Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.
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