Clearfield (NASDAQ:CLFD) Trading Down 7.3% on Insider Selling

Shares of Clearfield, Inc. (NASDAQ:CLFD) dropped 7.3% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $41.24 and last traded at $41.8550. Approximately 52,065 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 163,910 shares. The stock had previously closed at $45.15.

Specifically, Director Walter Louis Jones, Jr. sold 2,391 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the sale, the director owned 8,682 shares in the company, valued at approximately $399,806.10. This trade represents a 21.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

A number of research analysts recently commented on CLFD shares. Weiss Ratings cut Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday. Roth Mkm reaffirmed a “buy” rating and set a $44.00 price objective on shares of Clearfield in a report on Monday, May 4th. Finally, Zacks Research cut shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

Clearfield Price Performance

The stock has a 50-day moving average price of $29.90 and a two-hundred day moving average price of $30.64. The stock has a market cap of $568.54 million, a PE ratio of -67.48 and a beta of 1.90.

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

Institutional Trading of Clearfield

A number of large investors have recently added to or reduced their stakes in CLFD. Royal Bank of Canada boosted its position in shares of Clearfield by 6.2% during the 1st quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock valued at $8,020,000 after acquiring an additional 15,659 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Clearfield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after purchasing an additional 312 shares during the last quarter. Jane Street Group LLC raised its stake in Clearfield by 45.5% during the first quarter. Jane Street Group LLC now owns 20,136 shares of the communications equipment provider’s stock valued at $598,000 after purchasing an additional 6,294 shares in the last quarter. Strs Ohio bought a new position in Clearfield during the first quarter valued at $131,000. Finally, Rhumbline Advisers lifted its position in Clearfield by 6.4% during the second quarter. Rhumbline Advisers now owns 20,103 shares of the communications equipment provider’s stock valued at $873,000 after purchasing an additional 1,216 shares during the last quarter. Institutional investors own 88.73% of the company’s stock.

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.