Key Points
- Director Justin Matthew Zeefe sold 23,885 Swarmer shares at an average price of $24.12, totaling $576,106.20. His remaining stake fell 8.64% to 252,443 shares.
- Swarmer shares opened at $24.03, with a market capitalization of approximately $383 million, after declining 4.3%. The company reported a quarterly loss of $0.45 per share and revenue of $0.22 million.
- Analyst sentiment remains negative, with a consensus “Sell” rating, while institutional activity was limited to IFP Advisors’ newly acquired 936-share position.
Swarmer Inc (NASDAQ:SWMR - Get Free Report) Director Justin Matthew Zeefe sold 23,885 shares of Swarmer stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $24.12, for a total transaction of $576,106.20. Following the completion of the transaction, the director directly owned 252,443 shares of the company's stock, valued at approximately $6,088,925.16. This trade represents a 8.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Swarmer Stock Down 4.3%
Swarmer stock opened at $24.03 on Friday. The business's 50-day moving average price is $37.33. The firm has a market cap of $383.04 million and a price-to-earnings ratio of -32.92. Swarmer Inc has a fifty-two week low of $11.25 and a fifty-two week high of $83.30.
Swarmer (NASDAQ:SWMR - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.45) earnings per share (EPS) for the quarter. The company had revenue of $0.22 million for the quarter.
Institutional Investors Weigh In On Swarmer
A hedge fund recently bought a new position in Swarmer stock. IFP Advisors Inc acquired a new position in shares of Swarmer Inc (NASDAQ:SWMR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 936 shares of the company's stock, valued at approximately $41,000.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on SWMR. Weiss Ratings upgraded Swarmer from a "sell (e-)" rating to a "sell (e)" rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded Swarmer from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Swarmer currently has a consensus rating of "Sell".
Get Our Latest Analysis on Swarmer
About Swarmer
(
Get Free Report)
Swarmer, Inc is a technology company focused on autonomous drone operations and coordinated unmanned aerial systems. Its software is designed to help operators plan, manage and execute missions involving multiple drones, with the aim of improving efficiency, scalability and situational awareness.
The company's platform supports drone-swarm coordination, including mission planning, real-time communication and autonomous collaboration among unmanned aircraft. Swarmer's technology is intended for defense, security and other applications that require the deployment of multiple drones under centralized human supervision.
Swarmer's public materials primarily position the company within the emerging defense and autonomous-systems markets.
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