Insider Selling: Planar Systems CEO Gerald K. Perkel Sells 85,000 Shares of Stock (PLNR)
Planar Systems (NASDAQ:PLNR) CEO Gerald K. Perkel unloaded 85,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $3.91, for a total value of $332,350.00. Following the transaction, the chief executive officer now directly owns 803,704 shares in the company, valued at approximately $3,142,483. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Planar Systems (NASDAQ:PLNR) traded up 1.48% on Tuesday, hitting $4.15. The stock had a trading volume of 716,765 shares. Planar Systems has a one year low of $1.77 and a one year high of $4.24. The stock’s 50-day moving average is $2.99 and its 200-day moving average is $2.41. The company has a market cap of $91.0 million and a price-to-earnings ratio of 63.90.
Planar Systems (NASDAQ:PLNR) last released its earnings data on Thursday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, analysts predict that Planar Systems will post $0.21 earnings per share for the current fiscal year.
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, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.
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