Sierra Wireless (SW) Cut to “Sector Perform” at National Bank Financial

National Bank Financial downgraded shares of Sierra Wireless (TSE:SW) (NASDAQ:SWIR) from an outperform rating to a sector perform rating in a report issued on Thursday morning. The firm currently has C$22.00 target price on the stock, down from their prior target price of C$32.00.

Shares of TSE:SW opened at C$20.97 on Thursday. Sierra Wireless has a fifty-two week low of C$19.06 and a fifty-two week high of C$43.16.

In other Sierra Wireless news, Director Jason W. Cohenour sold 5,648 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of C$17.64, for a total value of C$99,630.72. Also, insider Pierre Jean Benoit Teyssier sold 5,329 shares of the company’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of C$17.60, for a total value of C$93,790.40. Insiders sold 32,190 shares of company stock worth $584,304 over the last quarter.

About Sierra Wireless

Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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