Insider Selling: Westell Technologies CEO Sells 25,000 Shares of Stock (WSTL)
Westell Technologies (NASDAQ:WSTL) CEO Richard S. Gilbert sold 25,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $2.44, for a total value of $61,000.00. Following the sale, the chief executive officer now directly owns 220,747 shares of the company’s stock, valued at approximately $538,623. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Westell Technologies (NASDAQ:WSTL) traded up 0.41% during mid-day trading on Friday, hitting $2.46. 234,351 shares of the company’s stock traded hands. Westell Technologies has a 52 week low of $2.25 and a 52 week high of $4.90. The stock’s 50-day moving average is $2.83 and its 200-day moving average is $3.58. The company has a market cap of $146.1 million and a P/E ratio of 27.53.
Westell Technologies (NASDAQ:WSTL) last released its earnings data on Wednesday, May 21st. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.03. The company had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.81 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 129.0% on a year-over-year basis. Analysts expect that Westell Technologies will post $-0.02 EPS for the current fiscal year.
Separately, analysts at Northland Securities cut their price target on shares of Westell Technologies from $5.90 to $4.00 in a research note on Friday, May 23rd. They now have a “market perform” rating on the stock.
Westell Technologies, Inc is a holding company. The company operates in two segments: Westell and Customer Networking Solutions (NASDAQ:WSTL).