Westell Technologies SVP Sells $20,468 in Stock (WSTL)
Westell Technologies (NASDAQ:WSTL) SVP Christopher J. Shaver sold 11,900 shares of Westell Technologies stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $1.72, for a total transaction of $20,468.00. Following the completion of the transaction, the senior vice president now directly owns 261,462 shares in the company, valued at approximately $449,715. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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) opened at 1.79 on Thursday. Westell Technologies has a 1-year low of $1.62 and a 1-year high of $4.90. The stock has a 50-day moving average of $1.99 and a 200-day moving average of $3.00. The company has a market cap of $107.1 million and a price-to-earnings ratio of 20.68.
Westell Technologies (NASDAQ:WSTL) last posted its quarterly 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. On average, analysts predict that Westell Technologies will post $-0.01 earnings per share for the current fiscal year.
Westell Technologies, Inc, provides site and outside plant solutions. The Company operates in two segments: Westell and Customer Networking Solutions (NASDAQ:WSTL).
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