ClearSign Technologies Co. (NASDAQ:CLIR) Major Shareholder Robert Thurston Sr Hoffman, Sr. Buys 3,350,000 Shares of Stock

ClearSign Technologies Co. (NASDAQ:CLIRGet Free Report) major shareholder Robert Thurston Sr Hoffman, Sr. acquired 3,350,000 shares of the stock in a transaction dated Monday, June 24th. The shares were bought at an average cost of $0.91 per share, for a total transaction of $3,048,500.00. Following the completion of the transaction, the insider now owns 9,539,857 shares in the company, valued at $8,681,269.87. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

ClearSign Technologies Price Performance

NASDAQ CLIR opened at $0.79 on Thursday. The stock’s 50 day moving average is $0.79 and its 200 day moving average is $0.97. ClearSign Technologies Co. has a 12 month low of $0.62 and a 12 month high of $1.72.

ClearSign Technologies (NASDAQ:CLIRGet Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $1.10 million for the quarter, compared to analysts’ expectations of $1.02 million. ClearSign Technologies had a negative return on equity of 85.65% and a negative net margin of 186.63%. As a group, equities research analysts expect that ClearSign Technologies Co. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CLIR. StockNews.com initiated coverage on ClearSign Technologies in a research report on Thursday. They set a “sell” rating on the stock. HC Wainwright reissued a “buy” rating and issued a $6.00 price target on shares of ClearSign Technologies in a report on Tuesday, May 28th.

Get Our Latest Analysis on ClearSign Technologies

Institutional Trading of ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of ClearSign Technologies Co. (NASDAQ:CLIRFree Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 46,306 shares of the technology company’s stock, valued at approximately $45,000. Prevail Innovative Wealth Advisors LLC owned approximately 0.10% of ClearSign Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 24.03% of the company’s stock.

About ClearSign Technologies

(Get Free Report)

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.

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