SS Innovations International (NASDAQ:SSII) CEO Srivastava Sudhir Acquires 498,753 Shares

SS Innovations International, Inc. (NASDAQ:SSII) CEO Srivastava Sudhir acquired 498,753 shares of SS Innovations International stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $4.01 per share, for a total transaction of $1,999,999.53. Following the transaction, the chief executive officer directly owned 109,851,767 shares in the company, valued at $440,505,585.67. The trade was a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SS Innovations International Price Performance

SSII traded down $0.26 on Tuesday, reaching $4.42. The stock had a trading volume of 28,401 shares, compared to its average volume of 97,274. SS Innovations International, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $22.42. The firm has a 50-day moving average of $4.82 and a 200-day moving average of $6.05.

SS Innovations International (NASDAQ:SSII) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $0.04 EPS for the quarter. The firm had revenue of $14.53 million for the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.

Institutional Trading of SS Innovations International

Several large investors have recently modified their holdings of the stock. Inspire Investing LLC increased its stake in shares of SS Innovations International by 124.4% in the 4th quarter. Inspire Investing LLC now owns 82,773 shares of the company’s stock valued at $470,000 after acquiring an additional 45,886 shares in the last quarter. Eversept Partners LP bought a new position in SS Innovations International during the fourth quarter worth $428,000. Vontobel Holding Ltd. bought a new position in SS Innovations International during the fourth quarter worth $116,000. Jane Street Group LLC acquired a new stake in SS Innovations International in the fourth quarter worth $63,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in SS Innovations International in the fourth quarter worth $64,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, SS Innovations International has an average rating of “Sell”.

About SS Innovations International

AVRA Medical Robotics, Inc develops and manufactures medical surgical devices. The company has a research agreement with the University of Central Florida to develop navigation and control technologies with applications in medical robotics. The company was formerly known as AVRA Surgical Microsystems, Inc and changed its name to AVRA Medical Robotics, Inc in November 2015. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.