Insider Selling: Caesarstone (NASDAQ:CSTE) Director Sells $11,029.25 in Stock

Caesarstone Ltd. (NASDAQ:CSTE) Director David Vincent Cullen sold 7,025 shares of Caesarstone stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $1.57, for a total value of $11,029.25. Following the completion of the transaction, the director owned 675 shares of the company’s stock, valued at approximately $1,059.75. This trade represents a 91.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Caesarstone Stock Performance

Shares of Caesarstone stock opened at $1.93 on Friday. The stock has a 50 day moving average price of $1.33 and a 200-day moving average price of $1.55. Caesarstone Ltd. has a one year low of $0.56 and a one year high of $2.58. The stock has a market cap of $66.72 million, a price-to-earnings ratio of -0.46 and a beta of 0.23.

Caesarstone (NASDAQ:CSTE) last posted its quarterly earnings data on Thursday, May 14th. The construction company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. Caesarstone had a negative return on equity of 29.41% and a negative net margin of 37.70%.The company had revenue of $88.71 million during the quarter, compared to analysts’ expectations of $97.80 million.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Caesarstone from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Caesarstone currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Caesarstone

A number of institutional investors and hedge funds have recently bought and sold shares of CSTE. Virtu Financial LLC bought a new stake in Caesarstone during the 4th quarter valued at $30,000. Pitcairn Co. bought a new stake in Caesarstone during the 2nd quarter valued at $31,000. Qube Research & Technologies Ltd bought a new stake in Caesarstone during the 2nd quarter valued at $56,000. GSA Capital Partners LLP bought a new stake in Caesarstone during the 3rd quarter valued at $89,000. Finally, Citadel Advisors LLC raised its position in Caesarstone by 163.7% during the 3rd quarter. Citadel Advisors LLC now owns 63,589 shares of the construction company’s stock valued at $101,000 after purchasing an additional 39,474 shares in the last quarter. 33.70% of the stock is owned by institutional investors.

About Caesarstone

Caesarstone Ltd. is an Israel-based manufacturer specializing in engineered quartz surfaces for residential and commercial applications. The company’s core business centers on the design, production and marketing of quartz slabs and tiles used for kitchen countertops, bathroom vanities, flooring and wall cladding. Caesarstone’s products combine natural quartz with resins and pigments to deliver durable, low-maintenance surfaces known for their aesthetic versatility and resistance to scratches, stains and heat.

Founded in 1987 and headquartered at Kibbutz Sdot Yam, Israel, Caesarstone has grown into a global brand with distribution in over 50 countries.