Curated Wealth Partners LLC Purchases 100,000 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

Curated Wealth Partners LLC boosted its position in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 100.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Curated Wealth Partners LLC’s holdings in Rekor Systems were worth $356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Rekor Systems by 19.6% during the first quarter. JPMorgan Chase & Co. now owns 26,075 shares of the company’s stock valued at $119,000 after acquiring an additional 4,282 shares during the period. Rhumbline Advisers increased its stake in Rekor Systems by 16.1% during the first quarter. Rhumbline Advisers now owns 34,677 shares of the company’s stock valued at $158,000 after acquiring an additional 4,803 shares during the period. Swiss National Bank increased its stake in Rekor Systems by 7.8% during the first quarter. Swiss National Bank now owns 83,200 shares of the company’s stock valued at $379,000 after acquiring an additional 6,000 shares during the period. Kestra Private Wealth Services LLC increased its stake in Rekor Systems by 71.0% during the first quarter. Kestra Private Wealth Services LLC now owns 28,650 shares of the company’s stock valued at $131,000 after acquiring an additional 11,900 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Rekor Systems by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 369,954 shares of the company’s stock valued at $443,000 after purchasing an additional 17,652 shares during the period. 40.56% of the stock is currently owned by institutional investors.

Insider Transactions at Rekor Systems

In other Rekor Systems news, major shareholder Arctis Global Llc bought 1,918,000 shares of Rekor Systems stock in a transaction dated Friday, June 23rd. The shares were acquired at an average cost of $1.31 per share, with a total value of $2,512,580.00. Following the acquisition, the insider now directly owns 8,007,591 shares of the company’s stock, valued at $10,489,944.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Robert Alan Berman acquired 25,000 shares of Rekor Systems stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $3.14 per share, with a total value of $78,500.00. Following the acquisition, the chief executive officer now owns 1,025,219 shares in the company, valued at $3,219,187.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Arctis Global Llc acquired 1,918,000 shares of Rekor Systems stock in a transaction on Friday, June 23rd. The shares were purchased at an average cost of $1.31 per share, for a total transaction of $2,512,580.00. Following the acquisition, the insider now owns 8,007,591 shares in the company, valued at approximately $10,489,944.21. The disclosure for this purchase can be found here. Insiders have acquired 1,953,000 shares of company stock valued at $2,625,580 in the last three months. 8.40% of the stock is owned by corporate insiders.

Rekor Systems Price Performance

Shares of REKR opened at $3.35 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.70. Rekor Systems, Inc. has a one year low of $0.56 and a one year high of $4.15. The business’s 50 day simple moving average is $3.15 and its 200-day simple moving average is $2.05.

Rekor Systems (NASDAQ:REKR) last announced its earnings results on Monday, August 14th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.02). The business had revenue of $8.56 million during the quarter, compared to analyst estimates of $8.03 million. Rekor Systems had a negative return on equity of 159.54% and a negative net margin of 282.34%. As a group, equities analysts anticipate that Rekor Systems, Inc. will post -0.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Northland Securities upped their price objective on Rekor Systems from $2.50 to $3.75 in a research note on Tuesday, July 18th. B. Riley upped their price objective on Rekor Systems from $3.75 to $4.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th.

Rekor Systems Company Profile

Rekor Systems, Inc, a technology company, provides intelligent infrastructure solutions for transportation management, public safety, and urban mobility markets in the United States, Canada, and internationally. It leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.