In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), ConforMIS Inc. (NASDAQ:CFMS) reported that Aeris Capital Archer L.p. has picked up 1,480,349 of common stock as of 2017-04-12.
The acquisition brings the aggregate amount owned by Aeris Capital Archer L.p. to a total of 1,480,349 representing a 3.4% stake in the company.
For those not familiar with the company, ConforMIS, Inc. is a medical technology company. The Company uses its iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants, which are individually sized and shaped, to fit each patient’s anatomy. The Company’s iFit technology platform is applicable to various joints. It offers a line of customized knee implants designed to restore the natural shape of a patient’s knee. It offers iTotal CR, which is a total knee replacement implant. Its iFit technology platform consists of three elements, including iFit Design, its algorithms and computer software that is used to design customized implants and associated single-use patient-specific instrumentation referred to as iJigs, based on computed tomography scans of the patient and to prepare a surgical plan customized for the patient (iView); iFit Printing, which is a three-dimensional printing technology used to manufacture iJigs, and iFit Just-in-Time manufacturing and delivery capabilities.
A glance at ConforMIS Inc. (NASDAQ:CFMS)’s key stats reveals a current market capitalization of 223.92 Million based on 43.82 Million shares outstanding and a price at last close of $5.14 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-05-17, Law picked up 1,600 at a purchase price of $6.20. This brings their total holding to 24,793 as of the date of the filing.
On the sell side, the most recent transaction saw Steines unload 5,000 shares at a sale price of $5.00. This brings their total holding to 195,745.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on ConforMIS Inc. (NASDAQ:CFMS) as things move forward to see if its progress aligns with these transactions.
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