Insider Selling: Westell Technologies SVP Sells 11,900 Shares of Stock (WSTL)
Westell Technologies (NASDAQ:WSTL) SVP Christopher J. Shaver sold 11,900 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $1.72, for a total transaction of $20,468.00. Following the transaction, the senior vice president now directly owns 261,462 shares of the company’s stock, valued at approximately $449,715. 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 6.43% during mid-day trading on Tuesday, hitting $1.82. The stock had a trading volume of 760,545 shares. Westell Technologies has a 1-year low of $1.62 and a 1-year high of $4.90. The stock’s 50-day moving average is $2.03 and its 200-day moving average is $3.02. The company has a market cap of $108.9 million and a price-to-earnings ratio of 19.43.
Westell Technologies (NASDAQ:WSTL) last released its earnings data on Wednesday, July 30th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.17. The company had revenue of $27.83 million for the quarter, compared to the consensus estimate of $33.70 million. The company’s quarterly revenue was up 23.9% on a year-over-year basis. Analysts expect that Westell Technologies will post $-0.01 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).
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