StockNews.com assumed coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Free Report) in a research report sent to investors on Wednesday morning. The brokerage issued a sell rating on the technology company’s stock.
Separately, HC Wainwright reaffirmed a buy rating and set a $6.00 price objective on shares of ClearSign Technologies in a report on Tuesday, May 28th.
Check Out Our Latest Analysis on ClearSign Technologies
ClearSign Technologies Stock Up 2.8 %
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last issued its earnings results on Wednesday, May 15th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). ClearSign Technologies had a negative net margin of 186.63% and a negative return on equity of 85.65%. The business had revenue of $1.10 million during the quarter, compared to analysts’ expectations of $1.02 million. On average, equities analysts anticipate that ClearSign Technologies will post -0.12 EPS for the current fiscal year.
Insider Transactions at ClearSign Technologies
In other news, major shareholder Robert Thurston Sr Hoffman, Sr. purchased 3,350,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of $0.91 per share, with a total value of $3,048,500.00. Following the completion of the acquisition, the insider now directly owns 9,539,857 shares of the company’s stock, valued at approximately $8,681,269.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.90% of the company’s stock.
Institutional Trading of ClearSign Technologies
An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC lifted its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) by 223.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,016 shares of the technology company’s stock after acquiring an additional 33,152 shares during the quarter. Disciplined Investments LLC owned 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent quarter. Institutional investors own 24.03% of the company’s stock.
ClearSign Technologies Company Profile
ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.
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