Finance Ltd. First Acquires 437,500 Shares of ClearOne (NASDAQ:CLRO) Stock

ClearOne, Inc. (NASDAQ:CLRO) major shareholder Finance Ltd. First bought 437,500 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of $4.00 per share, for a total transaction of $1,750,000.00. Following the acquisition, the insider directly owned 1,641,162 shares of the company’s stock, valued at $6,564,648. The trade was a 36.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

ClearOne Trading Down 0.4%

NASDAQ:CLRO opened at $4.55 on Friday. The stock has a 50 day moving average of $5.91 and a 200-day moving average of $5.39. The firm has a market capitalization of $10.19 million, a PE ratio of -0.65 and a beta of -0.01. ClearOne, Inc. has a 52 week low of $3.83 and a 52 week high of $15.42.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ClearOne in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC increased its stake in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,064 shares of the communications equipment provider’s stock after purchasing an additional 10,452 shares during the quarter. DRW Securities LLC owned about 1.34% of ClearOne worth $153,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.58% of the company’s stock.

About ClearOne

ClearOne (NASDAQ:CLRO) is a global provider of audio and visual communication solutions designed for conferencing, collaboration and streaming applications. Headquartered in Salt Lake City, Utah, the company develops hardware and software systems that integrate audio capture, video processing and digital signage. Its product portfolio spans professional-grade conference speakers and microphones, beamforming ceiling arrays, USB and networked video cameras, and cloud-based collaboration platforms.

At the core of ClearOne’s offering are its conferencing devices, which support both on-premises and cloud deployments.