Insider Selling: Planar Systems CEO Sells 8,205 Shares of Stock (PLNR)
Planar Systems (NASDAQ:PLNR) CEO Gerald K. Perkel sold 8,205 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $3.86, for a total value of $31,671.30. Following the sale, the chief executive officer now directly owns 888,704 shares of the company’s stock, valued at approximately $3,430,397. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on PLNR shares. Analysts at Zacks upgraded shares of Planar Systems from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $4.00 price target on the stock. Analysts at B. Riley reiterated a “buy” rating on shares of Planar Systems in a research note on Friday, August 1st. They now have a $3.10 price target on the stock, up previously from $3.00.
Planar Systems (NASDAQ:PLNR) traded down 2.89% on Thursday, hitting $3.70. 271,721 shares of the company’s stock traded hands. Planar Systems has a 52 week low of $1.76 and a 52 week high of $3.99. The stock has a 50-day moving average of $2.82 and a 200-day moving average of $2.37. The company has a market cap of $81.1 million and a P/E ratio of 59.53.
Planar Systems (NASDAQ:PLNR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.03. The company had revenue of $43.90 million for the quarter, compared to the consensus estimate of $42.80 million. During the same quarter last year, the company posted ($0.02) earnings per share. Planar Systems’s revenue was up 17.1% compared to the same quarter last year. On average, analysts predict that Planar Systems will post $0.21 earnings per share for the current fiscal year.
Planar Systems, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.
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