Insider Selling: Gerald K. Perkel Unloads 85,000 Shares of Planar Systems Stock (PLNR)
Planar Systems (NASDAQ:PLNR) CEO Gerald K. Perkel sold 85,000 shares of Planar Systems stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $3.91, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Planar Systems (NASDAQ:PLNR) traded down 3.02% on Thursday, hitting $4.18. The stock had a trading volume of 459,181 shares. Planar Systems has a one year low of $1.77 and a one year high of $4.39. The stock’s 50-day moving average is $3.06 and its 200-day moving average is $2.42. The company has a market cap of $91.7 million and a P/E ratio of 67.34.
Planar Systems (NASDAQ:PLNR) last released its earnings data on Thursday, July 31st. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue 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.
PLNR has been the subject of a number of recent research reports. Analysts at B. Riley downgraded shares of Planar Systems from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $4.30 price target on the stock, up previously from $3.10. They noted that the move was a valuation call. Separately, 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.
Planar Systems, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.
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