StockNews.com started coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Free Report) in a research note published on Wednesday morning. The firm issued a sell rating on the technology company’s stock.
Separately, HC Wainwright reiterated a buy rating and issued a $6.00 price target on shares of ClearSign Technologies in a research report on Tuesday, May 28th.
Get Our Latest Stock Report on CLIR
ClearSign Technologies Stock Up 2.8 %
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $1.10 million for the quarter, compared to analyst estimates of $1.02 million. ClearSign Technologies had a negative net margin of 186.63% and a negative return on equity of 85.65%. Analysts anticipate that ClearSign Technologies will post -0.12 earnings per share for the current fiscal year.
Insider Activity at ClearSign Technologies
In other news, major shareholder Robert Thurston Sr Hoffman, Sr. acquired 3,350,000 shares of the stock in a transaction on Monday, June 24th. The shares were purchased at an average cost of $0.91 per share, for a total transaction of $3,048,500.00. Following the transaction, the insider now owns 9,539,857 shares in the company, valued at approximately $8,681,269.87. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 16.90% of the stock is owned by insiders.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned approximately 0.10% of ClearSign Technologies as of its most recent SEC filing. Institutional investors own 24.03% of the company’s stock.
ClearSign Technologies Company Profile
ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.
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