Orthofix Medical Inc. President Reinhardt Max sells 1643 shares at $11.64 on June 11.

Orthofix Medical Inc. (OFIX) has reported that President, Global Spine Reinhardt Max has divested 1643 shares at a price of $11.64 per share on June 11, 2025.

Orthofix Medical Inc. (OFIX) has reported that its President of Global Spine, Max Reinhardt, sold 1,643 shares of common stock on June 11, 2025, at a price of $11.64 per share, totaling $19,124 [1]. This transaction was to satisfy tax withholding obligations related to the settlement of restricted stock units, as mandated by the company's Compensation and Talent Development Committee. Following this sale, Reinhardt directly owns 27,481 shares of Orthofix Medical, including 24,324 restricted stock units previously reported [1].

The sale of shares by a high-ranking executive can sometimes influence market perception, but in this case, the transaction was specifically for tax purposes. The stock price of OFIX has been volatile in recent days, with shares falling 2.90% in mid-day trading on June 12, 2025. The stock reached an intraday low of $10.95 before recovering slightly to $11.05, down from its previous close of $11.38 [2]. This places OFIX 46.70% below its 52-week high of $20.73 and 5.24% above its 52-week low of $10.50 [2].

Wall Street analysts have forecasted an average target price for OFIX of $24.40, with a high estimate of $27.20 and a low estimate of $22.00 [2]. This suggests an average upside of 120.81% from the current price of $11.05. The consensus recommendation from brokerage firms is "Outperform" [2]. GuruFocus estimates the GF Value for OFIX to be $16.84 in one year, suggesting an upside of 52.4% from the current price of $11.05 [2].

References:
[1] https://www.tradingview.com/news/tradingview:69a163b7c2904:0-orthofix-medical-officer-sells-shares-to-cover-tax-obligations/
[2] https://www.gurufocus.com/news/2924698/orthofix-medical-inc-ofix-stock-price-down-29-on-jun-12