Insider Selling: Christopher J. Shaver Sells 11,900 Shares of Westell Technologies Stock (WSTL)
Westell Technologies (NASDAQ:WSTL) SVP Christopher J. Shaver sold 11,900 shares of the stock in a transaction dated Monday, August 18th. The shares were 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 filing with the Securities & Exchange Commission, 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.
Shares of Westell Technologies (NASDAQ:WSTL) opened at 1.82 on Wednesday. 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 price-to-earnings ratio of 19.43.
Westell Technologies (NASDAQ:WSTL) last issued its earnings results on Wednesday, July 30th. The company reported ($0.20) earnings per share for the quarter, missing the analysts’ 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. Westell Technologies’s revenue was up 23.9% compared to the same quarter last year. 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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