ClearOne (NASDAQ:CLRO) Major Shareholder Finance Ltd. First Buys 437,500 Shares

ClearOne, Inc. (NASDAQ:CLRO) major shareholder Finance Ltd. First acquired 437,500 shares of ClearOne stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $4.00 per share, for a total transaction of $1,750,000.00. Following the completion of the purchase, the insider owned 1,641,162 shares of the company’s stock, valued at approximately $6,564,648. This represents a 36.35% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

ClearOne Price Performance

NASDAQ:CLRO opened at $4.57 on Friday. The firm has a market capitalization of $10.24 million, a PE ratio of -0.65 and a beta of -0.01. ClearOne, Inc. has a 12 month low of $3.83 and a 12 month high of $15.42. The business’s fifty day moving average price is $5.93 and its 200 day moving average price is $5.37.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ClearOne in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC raised its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,064 shares of the communications equipment provider’s stock after purchasing an additional 10,452 shares during the quarter. DRW Securities LLC owned 1.34% of ClearOne worth $153,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.58% of the company’s stock.

ClearOne Company Profile

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.