Insider Selling: Vision Marine Technologies (NASDAQ:VMAR) Major Shareholder Sells $52,080.00 in Stock

Vision Marine Technologies Inc. (NASDAQ:VMAR) major shareholder Financial Lp Hrt sold 24,800 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $2.10, for a total value of $52,080.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% 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, June 30th, Financial Lp Hrt sold 8,671 shares of Vision Marine Technologies stock. The stock was 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 acquired 876 shares of Vision Marine Technologies stock. The shares were bought at an average price of $1.98 per share, for a total transaction of $1,734.48.
• On Thursday, June 25th, Financial Lp Hrt acquired 8,346 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $2.00 per share, with a total value 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 bought 99 shares of Vision Marine Technologies stock. The stock was bought at an average price of $2.74 per share, with a total value of $271.26.
• On Thursday, June 18th, Financial Lp Hrt sold 1,737 shares of Vision Marine Technologies stock. The stock was sold at an average price of $3.11, for a total transaction of $5,402.07.
• On Monday, June 22nd, Financial Lp Hrt purchased 6,872 shares of Vision Marine Technologies stock. The shares were bought at an average price of $2.84 per share, for a total transaction of $19,516.48.
• On Wednesday, June 17th, Financial Lp Hrt purchased 2,621 shares of Vision Marine Technologies stock. The shares were bought at an average price of $3.27 per share, for a total transaction of $8,570.67.
• On Tuesday, June 16th, Financial Lp Hrt purchased 234,583 shares of Vision Marine Technologies stock. The stock was bought at an average cost of $0.29 per share, with a total value of $68,029.07.

Vision Marine Technologies Stock Performance

NASDAQ VMAR opened at $1.44 on Friday. Vision Marine Technologies Inc. has a 12-month low of $1.41 and a 12-month high of $2,992.00. The company has a fifty day simple moving average of $5.91 and a two-hundred day simple moving average of $32.24. 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 stock has a market cap of $14,400.00, a P/E ratio of -0.00 and a beta of 0.12.

Vision Marine Technologies (NASDAQ:VMAR) last announced its quarterly earnings data on Tuesday, April 14th. The company reported ($23.20) earnings per share 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 analyst estimates of $0.73 million. Vision Marine Technologies had a negative net margin of 54.94% and a negative return on equity of 281.97%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in 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 research report on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Vision Marine Technologies

A hedge fund recently bought a new position in Vision Marine Technologies stock. Sabby Management LLC acquired a new stake in shares of Vision Marine Technologies Inc. (NASDAQ:VMAR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 186,536 shares of the company’s stock, valued at approximately $254,000. Vision Marine Technologies comprises 0.3% of Sabby Management LLC’s holdings, making the stock its 17th largest position. Sabby Management LLC owned about 19.03% of Vision Marine Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 53.79% of the company’s stock.

Vision Marine Technologies Company Profile

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.