CARL

CARLSMED, INC.

Nasdaq · Surgical & Medical Instruments & Apparatus · Inc. DE · CIK 0001794546
$11.29 +2.17% $300.4M
7 New Institutional Positions
Vol
Market Cap$300.4M
Cap SizeSmall Cap
Analyst ConsensusStrong Buy (91%)
Inst. Holders8 funds
Inst. Value$6.3M
Inst. Activity7 buys / 0 sells
Exchange Nasdaq·Sector Surgical & Medical Instruments & Apparatus·Inc. DE·CIK 0001794546·Prev Close $11.05

Recent Activity

May 5, 2026 earnings
Carlsmed® Reports First Quarter 2026 Financial Results
<p align="center"><em>First quarter 2026 revenue of $16.1 million, representing 58% growth year-over
Mar 3, 2026 Insider
Cordonnier Michael sold 160,567 shares
CEO, President @ $0.3350 ($53.8K)
Mar 3, 2026 Insider
Cordonnier Michael sold 160,567 shares
CEO, President @ $0.00 ($0.00)
Mar 2, 2026 Insider
Cordonnier Michael sold 197,855 shares
CEO, President @ $0.3350 ($66.3K)
Inst.
VANGUARD GROUP INC — ADD
360,082 shares ($4.4M)
Inst.
NORGES BANK — NEW
65,000 shares ($802.8K)

Price Targets

$18.40 +63.0% upside Strong Buy
Current $11.29 Low $16.00 Median $18.00 High $23.00 5 analysts
$16.00 $23.00

Analyst Ratings

Strong Buy91% buy · 11 analysts
4Strong Buy
6Buy
1Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
May 6, 2026 BTIG REITERATE Buy → Buy
Apr 15, 2026 Truist Securities MAINTAIN Buy → Buy
Apr 9, 2026 Goldman Sachs MAINTAIN Buy → Buy
Dec 15, 2025 BTIG REITERATE Buy → Buy

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $-0.40 ▲ +2.5% $-0.47 — $-0.32 71% YoY 2
Next Q $-0.40 ▼ -2.6% $-0.43 — $-0.36 -7% YoY 2
Current FY $-1.47 ▲ +4.6% $-1.58 — $-1.35 25% YoY 2
Next FY $-1.44 ▲ +3.4% $-1.63 — $-1.24 2% YoY 2

Top Institutional Holders

FundValueMove
VANGUARD GROUP INC$4.4MADD
NORGES BANK$802.8KNEW
RENAISSANCE TECHNOLOGIES LLC$300.1KNEW
BANK OF AMERICA CORP$261.0KADD
CHARLES SCHWAB INVESTMENT MANAGEMENT$207.2KNEW

Recent Insider Trades

DateInsiderTypeValue
Mar 3, 2026Cordonnier MichaelM$53.8K
Mar 3, 2026Cordonnier MichaelM$0.00
Mar 2, 2026Cordonnier MichaelM$66.3K
Mar 2, 2026Cordonnier MichaelM$0.00
Jan 28, 2026Durall WilliamA$0.00
8 institutional holders with $6.3M total value (508,763 shares) as of 2025-Q4. Top holders: VANGUARD, NORGES, RENAISSANCE. Net buying activity: 7 institutions added/increased vs 0 reduced.

Top Institutional Holders — 2025-Q4

#FundSharesValue% of TrackedLast Move
1VANGUARD GROUP INC360,082$4.4M70.8%ADD +58.5%
2NORGES BANK65,000$802.8K12.8%NEW
3RENAISSANCE TECHNOLOGIES LLC24,300$300.1K4.8%NEW
4BANK OF AMERICA CORP /DE/21,136$261.0K4.2%ADD +40.3%
5CHARLES SCHWAB INVESTMENT MANAGEMENT INC16,775$207.2K3.3%NEW
6MORGAN STANLEY13,329$164.6K2.6%ADD +39.9%
7WELLS FARGO & COMPANY/MN7,834$96.8K1.5%ADD +61.7%
8FMR LLC307$3.8K0.1%DOUBLED +7575.0%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
VANGUARD GROUP INCADD227,195360,082+58.5%$4.4M2025-Q4
NORGES BANKNEW65,000$802.8K2025-Q4
RENAISSANCE TECHNOLOGIES LLCNEW24,300$300.1K2025-Q4
BANK OF AMERICA CORP /DE/ADD15,06921,136+40.3%$261.0K2025-Q4
MORGAN STANLEYADD9,52513,329+39.9%$164.6K2025-Q4
WELLS FARGO & COMPANY/MNADD4,8457,834+61.7%$96.8K2025-Q4
FMR LLCDOUBLED4307+7575.0%$3.8K2025-Q4
VANGUARD GROUP INCNEW227,195$3.0M2025-Q3
UBS Group AGNEW24,203$324.1K2025-Q3
CHARLES SCHWAB INVESTMENT MANAGEMENT INCNEW16,775$224.6K2025-Q3
BANK OF AMERICA CORP /DE/NEW15,069$201.8K2025-Q3
MORGAN STANLEYNEW9,525$127.5K2025-Q3
WELLS FARGO & COMPANY/MNNEW4,845$64.9K2025-Q3
4 unique insiders with 0 transactions. Net insider value: $0.00 ($0.00 bought, $0.00 sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Mar 3, 2026Cordonnier MichaelCEO, PresidentM160,567$0.3350$53.8K
Mar 3, 2026Cordonnier MichaelCEO, PresidentM160,567$0.00$0.00
Mar 2, 2026Cordonnier MichaelCEO, PresidentM197,855$0.3350$66.3K
Mar 2, 2026Cordonnier MichaelCEO, PresidentM197,855$0.00$0.00
Jan 28, 2026Durall William ScottChief Commercial OfficerA44,977$0.00$0.00
Jan 28, 2026Casey NiallChief IP OfficerA44,977$0.00$0.00
Jan 28, 2026Cordonnier MichaelCEO, PresidentA117,316$0.00$0.00
Jan 28, 2026Greenstein Leonard M.CFO, TreasurerA44,977$0.00$0.00

No SEC filing reports analyzed yet. Reports are generated when new filings are detected and processed by the LLM pipeline.

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Buy (91% buy). Based on 11 analysts: 4 strong buy, 6 buy, 1 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$18.40 mean target +63.0% upside Strong Buy (1.20)
$16.00 Low $23.00 High
MetricValue
Current Price$11.29
Target Low$16.00
Target Mean$18.40
Target Median$18.00
Target High$23.00
# Analysts5
RecommendationStrong Buy (1.20)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$-0.40 $-0.47 $-0.32 71.1% +2.5% 1↑ 1↓ $0.0B 48.9% 2
Next Q
2026-09-30
$-0.40 $-0.43 $-0.36 -7.3% -2.6% 0↑ 2↓ $0.0B 44.9% 2
Current FY
2026-12-31
$-1.47 $-1.58 $-1.35 25.5% +4.6% 2↑ 0↓ $0.1B 48.7% 2
Next FY
2027-12-31
$-1.44 $-1.63 $-1.24 2.0% +3.4% 2↑ 0↓ $0.1B 40.5% 2

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$-0.395
7d ago$-0.395
30d ago$-0.405+0.010
60d ago$-0.405+0.010
90d ago$-0.405+0.010
3 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 0 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
May 6, 2026 BTIG REITERATE Buy Buy
Apr 15, 2026 Truist Securities MAINTAIN Buy Buy
Apr 9, 2026 Goldman Sachs MAINTAIN Buy Buy
Dec 15, 2025 BTIG REITERATE Buy Buy

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20264610091%
May 1, 20264610091%
Apr 1, 20264610091%
Mar 1, 20264610091%
Feb 1, 20264610091%
Jan 1, 20264610091%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

May 5, 2026
earnings
Carlsmed® Reports First Quarter 2026 Financial Results
<p align="center"><em>First quarter 2026 revenue of $16.1 million, representing 58% growth year-over-year</em></p>
May 5, 2026
earnings_calendar
CARL Q1 2026 Earnings Scheduled — 2026-05-05
Apr 28, 2026
other
Carlsmed, Inc. To Participate in Upcoming Investor Conferences
<p align="left">CARLSBAD, Calif., April 28, 2026 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=uNN92OcKT1-ojxo1saL8MF98bk3
Apr 1, 2026
other
Carlsmed, Inc. To Participate in the 25th Annual Needham Virtual Conference
<p style="padding-left:0pt;">CARLSBAD, Calif., April 01, 2026 (GLOBE NEWSWIRE) -- Carlsmed, Inc. (Nasdaq: CARL) (“Carlsmed” or the “Company”), today
Feb 25, 2026
earnings_calendar
CARL Q4 2025 Earnings After Market Close — 2026-02-25