Carlsmed, Inc. joins the Russell 2000 Index, affirming its growth and impact in AI-enabled spine surgery technology.
Quiver AI Summary
Carlsmed, Inc. announced that it has been added to the Russell 2000 Index as of September 22, 2025, following its successful IPO in July. The company's CEO, Mike Cordonnier, highlighted this inclusion as validation of Carlsmed's distinct business model and growth prospects. The Russell 2000 Index, which tracks small-cap U.S. companies, is a significant benchmark used by investors, representing about 10% of the market cap of its parent index. Carlsmed focuses on AI-enabled personalized solutions for spine surgery, aiming to improve patient outcomes and reduce healthcare costs. The press release also contains forward-looking statements regarding the company's future expectations and plans, cautioning that actual results may differ due to various factors.
Potential Positives
- Carlsmed's inclusion in the Russell 2000 Index provides significant recognition and validation of its business model and potential for growth following its IPO, which can boost investor confidence.
- Being part of a major index like the Russell 2000 increases visibility among institutional investors and potential clients, potentially leading to increased investment and partnership opportunities.
- The Russell 2000 Index's large asset base, approximately $9 trillion, implies greater likelihood of increased trading volume and interest in Carlsmed's stock, benefiting shareholders.
Potential Negatives
- Carlsmed's reliance on forward-looking statements indicates uncertainty regarding its future performance and ability to meet projected goals, which may raise concerns for investors.
- The press release highlights the importance of the "Risk Factors" section in their Registration Statement, suggesting potential vulnerabilities that could impact investor confidence.
- The mention of a future product launch (aprevo cervical) in 2026 suggests a significant wait time before potential revenue generation, which might be viewed negatively by investors seeking immediate financial returns.
FAQ
What is Carlsmed, Inc. known for?
Carlsmed, Inc. is a medical technology company specializing in AI-enabled personalized spine surgery solutions.
When was Carlsmed added to the Russell 2000 Index?
Carlsmed was added to the Russell 2000 Index on September 22, 2025, after market close.
What does the Russell 2000 Index track?
The Russell 2000 Index tracks the performance of the small-cap segment of the U.S. equity market.
How does Carlsmed's inclusion benefit investors?
Inclusion in the Russell 2000 Index supports Carlsmed's visibility to investment managers and institutional investors, potentially enhancing value for shareholders.
What is the mission of Carlsmed, Inc.?
Carlsmed's mission is to improve healthcare outcomes and reduce costs associated with spine surgery through innovative technology.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CARL Insider Trading Activity
$CARL insiders have traded $CARL stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $CARL stock by insiders over the last 6 months:
- ROBERT II MITTENDORFF purchased 1,333,333 shares for an estimated $19,999,995
- CAPITAL GROUP MANAGEMENT, L.P. B purchased 1,333,333 shares for an estimated $19,999,995
- JONATHAN D ROOT purchased 466,666 shares for an estimated $6,999,990
- PHILIP M YOUNG has made 2 purchases buying 59,999 shares for an estimated $899,985 and 0 sales.
- KEVIN SIDOW purchased 13,333 shares for an estimated $199,995
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CARL Analyst Ratings
Wall Street analysts have issued reports on $CARL in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Truist Securities issued a "Buy" rating on 08/18/2025
To track analyst ratings and price targets for $CARL, check out Quiver Quantitative's $CARL forecast page.
$CARL Price Targets
Multiple analysts have issued price targets for $CARL recently. We have seen 3 analysts offer price targets for $CARL in the last 6 months, with a median target of $18.0.
Here are some recent targets:
- David Roman from Goldman Sachs set a target price of $19.0 on 08/18/2025
- Matt O'Brien from Piper Sandler set a target price of $18.0 on 08/18/2025
- Richard Newitter from Truist Securities set a target price of $18.0 on 08/18/2025
Full Release
CARLSBAD, Calif., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Carlsmed, Inc. (Nasdaq: CARL) (“Carlsmed” or the “Company”), a medical technology company pioneering AI-enabled personalized spine surgery solutions, today announced that effective after market close on September 22, 2025, it has been added to the Russell 2000 ® Index. This was part of the planned additions of select companies to this Index that had their IPO in the third quarter of 2025.
“Carlsmed’s inclusion in the Russell 2000 Index is further validation of our highly differentiated business and durable growth, following the successful completion of our IPO in July,” said Mike Cordonnier, Chairman and CEO of Carlsmed. “Joining the Russell 2000 Index further supports the value we are creating for patients, surgeons, and shareholders.”
The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. The Russell 2000 Index tracks the performance of the small-cap segment of the U.S. equity market. As a subset of the Russell 3000 ® Index, it represents approximately 10 percent of the total market capitalization of that broader index. Roughly $9 trillion in assets are benchmarked against Russell’s U.S. indexes, which are part of FTSE Russell, a leading global index provider. For more information on the FTSE Russell 2000 Index and details about IPO additions, please visit the FTSE Russell website, where updates are provided through quarterly IPO reviews and the annual index reconstitution process.
About Carlsmed, Inc.
Carlsmed is a medical technology company pioneering AI-enabled personalized spine surgery solutions with a mission to improve outcomes and decrease the cost of healthcare for spine surgery and beyond.
Forward Looking Statement
Any statements in this press release about future expectations, plans and prospects, including statements about the Carlsmed’s ability to scale the impact of its aprevo technology platform and advance its personalized spine surgery platform to transform patient outcomes and drive long-term growth, Carlsmed’s current expectation of launching aprevo cervical in the United States in 2026, the number ranges presented in our 2025 Full Year Financial Outlook, and other statements containing the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “likely,” “will,” “would,” “could,” “should,” “continue,” and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including such important factors as are set forth under the caption “Risk Factors” in the Carlsmed’s Registration Statement on Form S-1 on file with the U.S. Securities and Exchange Commission. The forward-looking statements included in this press release represent Carlsmed’s views as of the date of this press release. Carlsmed anticipates that subsequent events and developments will cause its views to change. However, while Carlsmed may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Carlsmed’s views as of any date subsequent to the date of this press release.
Investor Relations
Caroline Corner, PhD
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Media
LeAnn Burton
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