Swarmer (NASDAQ:SWMR) Director Sells 23,885 Shares

Swarmer Inc (NASDAQ:SWMR) Director Justin Matthew Zeefe sold 23,885 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $24.12, for a total value of $576,106.20. Following the completion of the transaction, the director owned 252,443 shares of the company’s stock, valued at $6,088,925.16. The trade was a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Swarmer Price Performance

Shares of SWMR stock traded down $1.08 during mid-day trading on Thursday, hitting $24.03. The company had a trading volume of 1,350,283 shares, compared to its average volume of 1,169,033. The company has a 50 day simple moving average of $37.74. Swarmer Inc has a 52-week low of $11.25 and a 52-week high of $83.30. The stock has a market capitalization of $383.04 million and a P/E ratio of -32.92.

Swarmer (NASDAQ:SWMR) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.45) earnings per share (EPS) for the quarter. The business had revenue of $0.22 million for the quarter.

Analyst Upgrades and Downgrades

SWMR has been the subject of a number of research reports. Weiss Ratings raised Swarmer from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, September 1st. Wall Street Zen raised Swarmer from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Swarmer stock. Bank of New York Mellon Corp bought a new stake in Swarmer Inc (NASDAQ:SWMR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,865 shares of the company’s stock, valued at approximately $349,000. Bank of New York Mellon Corp owned 0.07% of Swarmer at the end of the most recent quarter.

Swarmer Company Profile

Swarmer, Inc is a technology company focused on autonomous drone operations and coordinated unmanned aerial systems. Its software is designed to help operators plan, manage and execute missions involving multiple drones, with the aim of improving efficiency, scalability and situational awareness.

The company’s platform supports drone-swarm coordination, including mission planning, real-time communication and autonomous collaboration among unmanned aircraft. Swarmer’s technology is intended for defense, security and other applications that require the deployment of multiple drones under centralized human supervision.

Swarmer’s public materials primarily position the company within the emerging defense and autonomous-systems markets.