Sharps Technology (NASDAQ:STSS) Major Shareholder Holdings Ltd Falconx Sells 239,588 Shares of Stock

Sharps Technology, Inc. (NASDAQ:STSS) major shareholder Holdings Ltd Falconx sold 239,588 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $1.97, for a total value of $471,988.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 stock was sold at an average price of $1.93, for a total value of $1,022,382.76.

Sharps Technology Price Performance

Shares of STSS stock opened at $1.76 on Friday. The stock’s fifty day simple moving average is $2.14 and its 200 day simple moving average is $4.72. Sharps Technology, Inc. has a one year low of $1.42 and a one year high of $211.20. The firm has a market cap of $51.04 million, a price-to-earnings ratio of 0.00 and a beta of 2.20.

Sharps Technology (NASDAQ:STSS) last released its quarterly earnings data 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 business had revenue of $2.29 million during the quarter, compared to analysts’ expectations of $0.35 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STSS. Schonfeld Strategic Advisors LLC acquired a new position in Sharps Technology during the 3rd quarter worth about $9,404,000. Pantera Capital Partners LP acquired a new stake in Sharps Technology in the 3rd quarter valued at about $7,498,000. Geode Capital Management LLC raised its stake in shares of Sharps Technology by 2,349.9% in 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 during the last quarter. T3 Companies LLC bought a new position in shares of Sharps Technology in the fourth quarter worth about $68,000. Finally, Aristides Capital LLC acquired a new position in shares of Sharps Technology during the fourth quarter worth approximately $25,000. 17.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on STSS shares. Wall Street Zen downgraded shares of Sharps Technology from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sharps Technology in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Sharps Technology

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.