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Planar Systems (NASDAQ:PLNR) CEO Gerald K. Perkel sold 18,619 shares of the company’s stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $4.37, for a total transaction of $81,365.03. Following the completion of the transaction, the chief executive officer now directly owns 785,085 shares of the company’s stock, valued at approximately $3,430,821. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on PLNR shares. 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.

Shares of Planar Systems (NASDAQ:PLNR) traded up 5.21% on Friday, hitting $4.44. The stock had a trading volume of 885,225 shares. Planar Systems has a 52 week low of $1.77 and a 52 week high of $4.39. The stock’s 50-day moving average is $3.1 and its 200-day moving average is $2.44. The company has a market cap of $97.4 million and a price-to-earnings ratio of 65.94.

Planar Systems (NASDAQ:PLNR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Analysts expect that Planar Systems will post $0.21 EPS for the current fiscal year.

Planar Systems, Inc (NASDAQ:PLNR) is engaged in developing, manufacturing and marketing electronic display products and systems.

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