Key Points
- Insider buying: Duane Joseph Alexander Mackay bought 41,500 shares of Kraken Robotics at C$6.00 each, spending C$249,000. After the purchase, he held 1,154,500 shares, a 3.73% increase in his position.
- Stock performance: Kraken Robotics shares were down 0.3% and opened at C$6.05. The stock remains well below its 12-month high of C$10.72 and above its 12-month low of C$3.28.
- Analyst sentiment: Recent analyst moves were mixed, with some price targets cut while others were raised. The stock currently carries a consensus rating of Moderate Buy and a consensus price target of C$8.46.
Kraken Robotics Inc. (CVE:PNG - Get Free Report) insider Duane Joseph Alexander Mackay purchased 41,500 shares of the stock in a transaction dated Wednesday, July 8th. The shares were purchased at an average cost of C$6.00 per share, for a total transaction of C$249,000.00. Following the transaction, the insider owned 1,154,500 shares in the company, valued at approximately C$6,927,000. The trade was a 3.73% increase in their position.
Kraken Robotics Trading Down 0.3%
Shares of PNG opened at C$6.05 on Thursday. Kraken Robotics Inc. has a 12-month low of C$3.28 and a 12-month high of C$10.72. The firm has a market capitalization of C$1.86 billion, a P/E ratio of 744.00 and a beta of 0.87. The firm has a 50-day moving average price of C$7.23 and a 200 day moving average price of C$7.83. The company has a current ratio of 1.37, a quick ratio of 0.64 and a debt-to-equity ratio of 16.23.
Analyst Ratings Changes
Several analysts have recently weighed in on PNG shares. National Bank Financial dropped their price target on shares of Kraken Robotics to C$10.00 in a research note on Friday, July 3rd. ATB Cormark Capital Markets reduced their price target on shares of Kraken Robotics from C$6.50 to C$5.00 and set an "underperform" rating on the stock in a research report on Tuesday. Scotia upped their price objective on Kraken Robotics from C$9.00 to C$12.00 and gave the company a "sector outperform" rating in a report on Friday, July 3rd. Finally, Desjardins lowered their price objective on Kraken Robotics to C$13.50 and set a "buy" rating for the company in a research report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$8.46.
Read Our Latest Report on Kraken Robotics
About Kraken Robotics
(
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Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.
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