Key Points
- Major shareholder Finance Ltd. bought 437,500 shares of ClearOne on March 2 at $4.00 each for $1.75M, increasing its direct holdings to 1,641,162 shares (a 36.35% rise), as disclosed in an SEC filing.
- ClearOne is a small-cap company (market cap about $10.2M) trading near $4.55 with a negative P/E and a 12-month range of $3.83–$15.42, indicating recent weak and volatile performance.
- Analyst and institutional sentiment is negative: Weiss Ratings and MarketBeat show a consensus Sell, although DRW Securities boosted its position by 53.3% to 30,064 shares and institutions hold roughly 9.58% of the stock.
ClearOne, Inc. (NASDAQ:CLRO - Get Free Report) major shareholder Finance Ltd. First purchased 437,500 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average price of $4.00 per share, for a total transaction of $1,750,000.00. Following the completion of the transaction, the insider directly owned 1,641,162 shares of the company's stock, valued at $6,564,648. This represents a 36.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
ClearOne Trading Down 0.4%
CLRO opened at $4.55 on Friday. The company has a market cap of $10.19 million, a price-to-earnings ratio of -0.65 and a beta of -0.01. The stock has a fifty day simple moving average of $5.91 and a two-hundred day simple moving average of $5.38. ClearOne, Inc. has a 12-month low of $3.83 and a 12-month high of $15.42.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of ClearOne in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, ClearOne currently has a consensus rating of "Sell".
View Our Latest Stock Report on CLRO
Institutional Investors Weigh In On ClearOne
An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC grew its stake in shares of ClearOne, Inc. (NASDAQ:CLRO - Free Report) by 53.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,064 shares of the communications equipment provider's stock after acquiring an additional 10,452 shares during the quarter. DRW Securities LLC owned about 1.34% of ClearOne worth $153,000 as of its most recent SEC filing. 9.58% of the stock is currently owned by institutional investors.
About ClearOne
(
Get Free Report)
ClearOne (NASDAQ:CLRO) is a global provider of audio and visual communication solutions designed for conferencing, collaboration and streaming applications. Headquartered in Salt Lake City, Utah, the company develops hardware and software systems that integrate audio capture, video processing and digital signage. Its product portfolio spans professional-grade conference speakers and microphones, beamforming ceiling arrays, USB and networked video cameras, and cloud-based collaboration platforms.
At the core of ClearOne's offering are its conferencing devices, which support both on-premises and cloud deployments.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
