Rekor Systems, Inc. (NASDAQ:REKR) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC reduced its position in Rekor Systems, Inc. (NASDAQ:REKR) by 21.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,794 shares of the company’s stock after selling 39,507 shares during the period. Moloney Securities Asset Management LLC owned about 0.16% of Rekor Systems worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in REKR. Coombe Bender & Co LLC increased its holdings in Rekor Systems by 6.6% in the 4th quarter. Coombe Bender & Co LLC now owns 171,152 shares of the company’s stock worth $570,000 after acquiring an additional 10,650 shares in the last quarter. Private Advisor Group LLC increased its holdings in Rekor Systems by 19.5% in the 4th quarter. Private Advisor Group LLC now owns 65,955 shares of the company’s stock worth $215,000 after acquiring an additional 10,775 shares in the last quarter. Lake Hills Wealth Management LLC increased its holdings in Rekor Systems by 97.4% in the 1st quarter. Lake Hills Wealth Management LLC now owns 22,541 shares of the company’s stock worth $52,000 after acquiring an additional 11,121 shares in the last quarter. National Bank of Canada FI increased its holdings in Rekor Systems by 47.9% in the 4th quarter. National Bank of Canada FI now owns 40,153 shares of the company’s stock worth $125,000 after acquiring an additional 13,012 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Rekor Systems by 257.1% in the 1st quarter. International Assets Investment Management LLC now owns 36,250 shares of the company’s stock worth $82,000 after acquiring an additional 26,100 shares in the last quarter. 45.71% of the stock is currently owned by institutional investors and hedge funds.

Rekor Systems Stock Performance

Rekor Systems stock opened at $1.25 on Friday. Rekor Systems, Inc. has a 52-week low of $1.18 and a 52-week high of $4.07. The company has a fifty day simple moving average of $1.59 and a 200-day simple moving average of $1.82. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

Separately, Wedbush reissued an “outperform” rating on shares of Rekor Systems in a report on Thursday, August 15th.

Insider Transactions at Rekor Systems

In other Rekor Systems news, major shareholder Arctis Global Llc bought 2,275,000 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was acquired at an average price of $1.40 per share, with a total value of $3,185,000.00. Following the completion of the acquisition, the insider now directly owns 12,312,491 shares of the company’s stock, valued at $17,237,487.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.40% of the company’s stock.

About Rekor Systems

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.