Insider Buying: Clearone Inc (NASDAQ:CLRO) CEO Buys 11,320 Shares of Stock

Clearone Inc (NASDAQ:CLRO) CEO Zeynep Hakimoglu acquired 11,320 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average price of $1.79 per share, with a total value of $20,262.80. Following the completion of the transaction, the chief executive officer now owns 791,640 shares of the company’s stock, valued at $1,417,035.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zeynep Hakimoglu also recently made the following trade(s):

  • On Thursday, December 12th, Zeynep Hakimoglu acquired 3,660 shares of Clearone stock. The stock was purchased at an average price of $1.88 per share, with a total value of $6,880.80.

Shares of Clearone stock remained flat at $$1.93 during trading on Friday. The stock had a trading volume of 36 shares, compared to its average volume of 9,920. Clearone Inc has a 52 week low of $1.12 and a 52 week high of $2.52. The stock has a fifty day moving average price of $1.67 and a two-hundred day moving average price of $2.03. The company has a current ratio of 5.66, a quick ratio of 3.23 and a debt-to-equity ratio of 0.05.

Clearone (NASDAQ:CLRO) last posted its earnings results on Thursday, November 14th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. The company had revenue of $5.99 million during the quarter. Clearone had a negative return on equity of 15.17% and a negative net margin of 34.55%.

Separately, ValuEngine lowered Clearone from a “hold” rating to a “sell” rating in a research report on Friday, November 8th.

An institutional investor recently raised its position in Clearone stock. Renaissance Technologies LLC raised its position in Clearone Inc (NASDAQ:CLRO) by 4.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 252,375 shares of the communications equipment provider’s stock after acquiring an additional 9,600 shares during the period. Renaissance Technologies LLC owned about 1.52% of Clearone worth $563,000 as of its most recent filing with the SEC. Institutional investors own 5.16% of the company’s stock.

Clearone Company Profile

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; and professional microphones for use in various applications.

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Insider Buying and Selling by Quarter for Clearone (NASDAQ:CLRO)

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