Anis Khemakhem Sells 1,684 Shares of Clearfield (NASDAQ:CLFD) Stock

Clearfield, Inc. (NASDAQ:CLFD) insider Anis Khemakhem sold 1,684 shares of Clearfield stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total value of $67,191.60. Following the sale, the insider owned 25,126 shares in the company, valued at $1,002,527.40. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Clearfield Trading Down 1.4%

Shares of Clearfield stock opened at $39.43 on Friday. The business’s fifty day simple moving average is $36.62 and its 200 day simple moving average is $32.37. The firm has a market capitalization of $535.85 million, a P/E ratio of -63.60 and a beta of 2.08. Clearfield, Inc. has a 12 month low of $23.76 and a 12 month high of $52.73.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $34.39 million for the quarter, compared to analyst estimates of $33.58 million. Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Analysts predict that Clearfield, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on CLFD. Roth Mkm reissued a “buy” rating and issued a $44.00 target price on shares of Clearfield in a research report on Monday, May 4th. Weiss Ratings downgraded Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.75.

Institutional Trading of Clearfield

A number of large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of Clearfield by 11.4% in the first quarter. Bank of America Corp DE now owns 115,156 shares of the communications equipment provider’s stock valued at $3,048,000 after purchasing an additional 11,798 shares in the last quarter. Royal Bank of Canada grew its position in shares of Clearfield by 21.1% in the first quarter. Royal Bank of Canada now owns 282,350 shares of the communications equipment provider’s stock valued at $7,474,000 after purchasing an additional 49,249 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in shares of Clearfield by 4.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 289,610 shares of the communications equipment provider’s stock valued at $7,666,000 after purchasing an additional 11,500 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Clearfield by 34.4% in the first quarter. Renaissance Technologies LLC now owns 136,700 shares of the communications equipment provider’s stock valued at $3,618,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Clearfield by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 353,486 shares of the communications equipment provider’s stock valued at $9,357,000 after purchasing an additional 36,756 shares in the last quarter. 88.73% of the stock is owned by hedge funds and other institutional investors.

About Clearfield

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.