Clearone Inc (NASDAQ:CLRO) major shareholder Edward D. Bagley purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average cost of $2.18 per share, with a total value of $10,900.00. Following the completion of the acquisition, the insider now owns 7,392,220 shares in the company, valued at approximately $16,115,039.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
CLRO traded up $0.03 during trading hours on Thursday, reaching $2.20. 99 shares of the stock traded hands, compared to its average volume of 9,917. Clearone Inc has a fifty-two week low of $1.12 and a fifty-two week high of $5.91. The company has a quick ratio of 3.12, a current ratio of 5.59 and a debt-to-equity ratio of 0.05.
Clearone (NASDAQ:CLRO) last released its quarterly earnings results on Monday, May 20th. The communications equipment provider reported ($0.12) earnings per share for the quarter. The firm had revenue of $6.31 million for the quarter. Clearone had a negative net margin of 63.26% and a negative return on equity of 31.02%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its holdings in Clearone by 45.0% during the 1st quarter. Northern Trust Corp now owns 16,686 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 5,177 shares in the last quarter. BlackRock Inc. grew its holdings in Clearone by 57.0% during the 4th quarter. BlackRock Inc. now owns 33,009 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 11,978 shares in the last quarter. Geode Capital Management LLC grew its holdings in Clearone by 100.0% during the 4th quarter. Geode Capital Management LLC now owns 38,214 shares of the communications equipment provider’s stock valued at $47,000 after purchasing an additional 19,107 shares in the last quarter. California Public Employees Retirement System grew its holdings in Clearone by 100.0% during the 4th quarter. California Public Employees Retirement System now owns 50,600 shares of the communications equipment provider’s stock valued at $63,000 after purchasing an additional 25,300 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Clearone by 14.1% during the 1st quarter. Renaissance Technologies LLC now owns 242,775 shares of the communications equipment provider’s stock valued at $490,000 after purchasing an additional 30,000 shares in the last quarter. 5.22% of the stock is owned by institutional investors and hedge funds.
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ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; and professional microphones for use in various applications.
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