Key Points
- Edward Bagley, a major ClearOne shareholder, sold 700,000 shares at an average of $3.00 on Nov. 24 for a total of $2.1M, cutting his stake by 83.27% to 140,668 shares valued at $422,004.
- ClearOne reported a loss of ($0.50) EPS for the quarter with a negative net margin of 120.46% and negative return on equity of 57.86%, signaling continued heavy losses.
- The stock has a tiny market capitalization of $8.12M, opened at $4.68 (52‑week range $3.83–$21.00), and carries negative analyst sentiment after Weiss Ratings reissued a "Sell" rating and the consensus is "Sell".
ClearOne, Inc. (NASDAQ:CLRO - Get Free Report) major shareholder Edward Bagley sold 700,000 shares of the firm's stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $3.00, for a total value of $2,100,000.00. Following the sale, the insider directly owned 140,668 shares of the company's stock, valued at $422,004. This represents a 83.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
ClearOne Stock Up 1.5%
Shares of CLRO stock opened at $4.68 on Thursday. The company has a market cap of $8.12 million, a price-to-earnings ratio of -0.67 and a beta of 0.28. ClearOne, Inc. has a 52 week low of $3.83 and a 52 week high of $21.00. The firm has a 50 day moving average of $5.32 and a 200-day moving average of $16.43.
ClearOne (NASDAQ:CLRO - Get Free Report) last released its earnings results on Friday, November 14th. The communications equipment provider reported ($0.50) earnings per share (EPS) for the quarter. ClearOne had a negative net margin of 120.46% and a negative return on equity of 57.86%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (d)" rating on shares of ClearOne in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".
Read Our Latest Research Report on ClearOne
About ClearOne
(
Get Free Report)
ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.
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