Lawrence J. Jasinski Sells 2,665 Shares of ReWalk Robotics Ltd. (NASDAQ:LFWD) Stock

ReWalk Robotics Ltd. (NASDAQ:LFWD) CEO Lawrence J. Jasinski sold 2,665 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $3.84, for a total value of $10,233.60. Following the completion of the sale, the chief executive officer now directly owns 103,309 shares of the company’s stock, valued at approximately $396,706.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

ReWalk Robotics Stock Up 0.3 %

Shares of ReWalk Robotics stock opened at $3.68 on Friday. The firm’s fifty day simple moving average is $4.12. ReWalk Robotics Ltd. has a 1 year low of $3.41 and a 1 year high of $9.10. The firm has a market cap of $31.66 million, a P/E ratio of -1.18 and a beta of 2.06.

ReWalk Robotics (NASDAQ:LFWD) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.03). The business had revenue of $5.28 million during the quarter, compared to analyst estimates of $5.55 million. ReWalk Robotics had a negative net margin of 134.52% and a negative return on equity of 35.41%. As a group, sell-side analysts expect that ReWalk Robotics Ltd. will post -1.94 EPS for the current year.

Analysts Set New Price Targets

LFWD has been the subject of a number of recent analyst reports. Lake Street Capital upgraded shares of ReWalk Robotics to a “strong-buy” rating in a research note on Monday, June 24th. HC Wainwright raised their target price on shares of ReWalk Robotics from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 16th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ReWalk Robotics stock. Kent Lake Capital LLC purchased a new stake in ReWalk Robotics Ltd. (NASDAQ:LFWD) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 157,361 shares of the company’s stock, valued at approximately $823,000. Kent Lake Capital LLC owned 1.85% of ReWalk Robotics as of its most recent filing with the Securities and Exchange Commission. 26.76% of the stock is currently owned by institutional investors.

About ReWalk Robotics

ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes technologies that enable mobility and wellness in rehabilitation and daily life for individuals with physical and neurological conditions in the United States, Europe, the Asia-Pacific, and internationally. It offers ReWalk personal exoskeleton and rehabilitation exoskeleton devices; ReStore, a soft exo-suit intended for use in the rehabilitation of individuals with lower limb disability due to stroke; AlterG Anti-Gravity System for use in physical and neurological rehabilitation and athletic training; MyoCycle devices; and ReBoot, a personal soft exo-suit for home and community use by individuals post-stroke.