Sunworks, Inc. (NASDAQ:SUNW) insider Abraham Richard Emard sold 54,844 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $1.96, for a total transaction of $107,494.24. Following the transaction, the insider now directly owns 620,351 shares of the company’s stock, valued at approximately $1,215,887.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Abraham Richard Emard also recently made the following trade(s):
- On Friday, July 21st, Abraham Richard Emard sold 34,500 shares of Sunworks stock. The stock was sold at an average price of $2.08, for a total transaction of $71,760.00.
- On Wednesday, July 19th, Abraham Richard Emard sold 26,700 shares of Sunworks stock. The stock was sold at an average price of $1.91, for a total transaction of $50,997.00.
- On Tuesday, July 18th, Abraham Richard Emard sold 1,560 shares of Sunworks stock. The stock was sold at an average price of $1.92, for a total transaction of $2,995.20.
- On Friday, July 14th, Abraham Richard Emard sold 15,000 shares of Sunworks stock. The shares were sold at an average price of $1.85, for a total transaction of $27,750.00.
- On Monday, July 17th, Abraham Richard Emard sold 25,394 shares of Sunworks stock. The shares were sold at an average price of $1.86, for a total transaction of $47,232.84.
- On Wednesday, July 12th, Abraham Richard Emard sold 34,500 shares of Sunworks stock. The shares were sold at an average price of $1.79, for a total transaction of $61,755.00.
- On Tuesday, July 11th, Abraham Richard Emard sold 8,000 shares of Sunworks stock. The stock was sold at an average price of $1.79, for a total transaction of $14,320.00.
- On Thursday, July 13th, Abraham Richard Emard sold 44,741 shares of Sunworks stock. The stock was sold at an average price of $1.79, for a total transaction of $80,086.39.
Shares of Sunworks, Inc. (NASDAQ:SUNW) traded down 2.850% during mid-day trading on Wednesday, hitting $1.875. 49,555 shares of the stock were exchanged. The stock’s market cap is $42.08 million. The stock’s 50 day moving average is $1.81 and its 200-day moving average is $1.73. Sunworks, Inc. has a 12 month low of $1.28 and a 12 month high of $3.36.
Sunworks (NASDAQ:SUNW) last issued its quarterly earnings data on Thursday, May 11th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.03. The firm had revenue of $14.35 million for the quarter. Sunworks had a negative return on equity of 52.21% and a negative net margin of 14.65%. During the same period in the previous year, the company posted ($0.02) earnings per share. On average, analysts anticipate that Sunworks, Inc. will post ($0.03) EPS for the current year.
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Several brokerages have commented on SUNW. Roth Capital began coverage on shares of Sunworks in a report on Tuesday, June 27th. They issued a “neutral” rating and a $2.50 price objective for the company. Cowen and Company set a $3.00 price objective on shares of Sunworks and gave the stock a “buy” rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $3.44.
An institutional investor recently raised its position in Sunworks stock. Sei Investments Co. boosted its stake in Sunworks, Inc. (NASDAQ:SUNW) by 20.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 61,234 shares of the semiconductor company’s stock after buying an additional 10,408 shares during the period. Sei Investments Co. owned about 0.27% of Sunworks worth $107,000 as of its most recent SEC filing. 5.48% of the stock is currently owned by institutional investors and hedge funds.
Sunworks Company Profile
Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.
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