Westell Technologies SVP Christopher J. Shaver Unloads 11,900 Shares (WSTL)
Westell Technologies (NASDAQ:WSTL) SVP Christopher J. Shaver unloaded 11,900 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $1.72, for a total value of $20,468.00. Following the completion of the sale, the senior vice president now directly owns 261,462 shares in the company, valued at approximately $449,715. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 (NASDAQ:WSTL) traded up 6.43% on Tuesday, hitting $1.82. The stock had a trading volume of 760,545 shares. Westell Technologies has a 52-week low of $1.62 and a 52-week high of $4.90. The stock’s 50-day moving average is $2.01 and its 200-day moving average is $3.01. The company has a market cap of $108.9 million and a P/E ratio of 19.43.
Westell Technologies (NASDAQ:WSTL) last announced its earnings results on Wednesday, July 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the 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.
Westell Technologies, Inc is a holding company. The company operates in two segments: Westell and Customer Networking Solutions (NASDAQ:WSTL).
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