Edward D. Bagley Buys 16,948 Shares of ClearOne, Inc. (NASDAQ:CLRO) Stock

ClearOne, Inc. (NASDAQ:CLRO) major shareholder Edward D. Bagley acquired 16,948 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $0.71 per share, with a total value of $12,033.08. Following the completion of the purchase, the insider now owns 10,512,162 shares in the company, valued at approximately $7,463,635.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ClearOne Price Performance

Shares of CLRO stock traded down $0.01 during mid-day trading on Thursday, hitting $0.71. The company had a trading volume of 2,791 shares, compared to its average volume of 418,967. The company has a market capitalization of $17.01 million, a P/E ratio of 0.86 and a beta of 0.91. The stock’s 50 day moving average price is $0.73 and its 200-day moving average price is $0.98. ClearOne, Inc. has a 52-week low of $0.58 and a 52-week high of $2.65.

Institutional Investors Weigh In On ClearOne

Several large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of ClearOne by 365,044.4% in the 2nd quarter. BlackRock Inc. now owns 32,863 shares of the communications equipment provider’s stock worth $27,000 after buying an additional 32,854 shares in the last quarter. State Street Corp bought a new position in shares of ClearOne in the 2nd quarter valued at about $32,000. Virtu Financial LLC purchased a new position in ClearOne in the second quarter worth about $52,000. Marshall Wace LLP purchased a new position in ClearOne in the second quarter worth about $54,000. Finally, Renaissance Technologies LLC increased its stake in ClearOne by 28.6% during the first quarter. Renaissance Technologies LLC now owns 450,660 shares of the communications equipment provider’s stock worth $680,000 after acquiring an additional 100,100 shares during the last quarter. Institutional investors own 7.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of ClearOne in a research report on Saturday, November 11th. They issued a “hold” rating for the company.

ClearOne Company Profile

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio 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; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.