Clearfield, Inc. $CLFD Shares Sold by Mairs & Power Inc.

Mairs & Power Inc. reduced its stake in shares of Clearfield, Inc. (NASDAQ:CLFD) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 730,793 shares of the communications equipment provider’s stock after selling 31,441 shares during the quarter. Mairs & Power Inc. owned 0.05% of Clearfield worth $25,125,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Clearfield by 6.2% in the 1st quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock worth $8,020,000 after purchasing an additional 15,659 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Clearfield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after purchasing an additional 312 shares during the period. Jane Street Group LLC increased its holdings in shares of Clearfield by 45.5% during the 1st quarter. Jane Street Group LLC now owns 20,136 shares of the communications equipment provider’s stock valued at $598,000 after purchasing an additional 6,294 shares in the last quarter. Strs Ohio purchased a new position in shares of Clearfield during the 1st quarter valued at approximately $131,000. Finally, Creative Planning acquired a new position in shares of Clearfield in the 2nd quarter valued at $505,000. 88.73% of the stock is owned by institutional investors and hedge funds.

Clearfield Stock Performance

Shares of NASDAQ CLFD opened at $29.01 on Tuesday. The firm has a fifty day moving average of $31.04 and a 200 day moving average of $31.87. The firm has a market cap of $397.15 million, a PE ratio of -59.20 and a beta of 1.93. Clearfield, Inc. has a one year low of $23.78 and a one year high of $46.76.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. Clearfield had a negative net margin of 3.93% and a positive return on equity of 1.72%. The business had revenue of $34.34 million for the quarter, compared to the consensus estimate of $31.77 million. Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. On average, equities analysts predict that Clearfield, Inc. will post -0.29 EPS for the current fiscal year.

Clearfield declared that its board has authorized a stock repurchase plan on Tuesday, November 25th that permits the company to repurchase $85.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to buy up to 22% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Clearfield

In related news, Director Donald R. Hayward sold 3,595 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $32.00, for a total value of $115,040.00. Following the transaction, the director directly owned 10,870 shares of the company’s stock, valued at approximately $347,840. This trade represents a 24.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CLFD shares. UBS Group reissued a “buy” rating on shares of Clearfield in a report on Wednesday, November 26th. Wall Street Zen cut shares of Clearfield from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Lake Street Capital decreased their price objective on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Needham & Company LLC lowered their target price on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Finally, Northland Securities upgraded Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Wednesday, November 26th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Clearfield Company Profile

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.