Clearfield (NASDAQ:CLFD) Insider Anis Khemakhem Sells 1,684 Shares

Clearfield, Inc. (NASDAQ:CLFD) insider Anis Khemakhem sold 1,684 shares of Clearfield stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total transaction of $67,191.60. Following the transaction, the insider directly owned 25,126 shares of the company’s stock, valued at $1,002,527.40. This represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Clearfield Stock Up 5.8%

Shares of NASDAQ CLFD opened at $39.99 on Friday. Clearfield, Inc. has a twelve month low of $23.76 and a twelve month high of $52.73. The firm has a fifty day simple moving average of $36.35 and a 200 day simple moving average of $32.32. The company has a market capitalization of $543.46 million, a PE ratio of -64.50 and a beta of 2.08.

Clearfield (NASDAQ:CLFD) last announced its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. The business had revenue of $34.39 million during the quarter, compared to the consensus estimate of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. As a group, equities analysts expect that Clearfield, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CLFD shares. Roth Mkm restated a “buy” rating and issued a $44.00 price target on shares of Clearfield in a report on Monday, May 4th. Weiss Ratings cut shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CLFD. Quarry LP acquired a new position in shares of Clearfield during the third quarter valued at about $42,000. Los Angeles Capital Management LLC acquired a new position in shares of Clearfield during the fourth quarter valued at about $63,000. Tower Research Capital LLC TRC grew its holdings in shares of Clearfield by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 1,012 shares during the last quarter. Strs Ohio acquired a new position in shares of Clearfield during the first quarter valued at about $131,000. Finally, Quantbot Technologies LP acquired a new position in shares of Clearfield during the third quarter valued at about $202,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

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.