An Analysis of Clarus Corporation (CLAR)’s Potential Price Growth


In a filing, Clarus Corporation revealed its EXECUTIVE VP and COO KUEHNE AARON acquired Company’s shares for reported $49961.0 on Sep 23. In the deal valued at $12.21 per share,4,092 shares were bought. As a result of this transaction, KUEHNE AARON now holds 95,248 shares worth roughly $ 1.11 million.

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Then, HOUSE DONALD sold 10,000 shares, generating $282,394 in total proceeds. Upon selling the shares at $28.24, the Director now owns 150,000 shares.

Before that, SOKOLOW NICOLAS sold 15,000 shares. Clarus Corporation shares valued at $427,926 were divested by the Director at a price of $28.53 per share. As a result of the transaction, SOKOLOW NICOLAS now holds 80,448 shares, worth roughly $0.94 million.

Raymond James downgraded its Clarus Corporation [CLAR] rating to a Mkt perform from a an Outperform in a research note published on Friday. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late December with a ‘”a Buy”‘ rating. Exane BNP Paribas also remained covering CLAR and has increased its forecast on December 15, 2021 with a “an Outperform” recommendation from previously “Neutral” rating. Raymond James started covering the stock on November 01, 2021. It rated CLAR as “an Outperform”.

Price Performance Review of CLAR

On Friday, Clarus Corporation [NASDAQ:CLAR] saw its stock jump 3.28% to $11.65. On the same session, the stock had its day’s lowest price of $11.285, but rose to a high of $11.76. Over the last five days, the stock has lost -6.05%. Clarus Corporation shares have fallen nearly -57.97% since the year began. Nevertheless, the stocks have fallen -59.90% over the past one year. While a 52-week high of $30.41 was reached on 08/18/22, a 52-week low of $11.08 was recorded on 11/03/22. SMA at 50 days reached $13.59, while 200 days put it at $19.81. A total of 0.5 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For CLAR Stock

The 24-hour chart illustrates a support level at 11.37, which if violated will result in even more drops to 11.09. On the upside, there is a resistance level at 11.85. A further resistance level may holdings at 12.04. The Relative Strength Index (RSI) on the 14-day chart is 38.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.16%. Stochastics %K at 19.30% indicates the stock is a buying.

How much short interest is there in Clarus Corporation?

A steep rise in short interest was recorded in Clarus Corporation stocks on Jul 14, 2022, growing by 2.2 million shares to a total of 4.76 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.56 million shares. There was a rise of 46.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.59% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.29.

Clarus Corporation [CLAR] – Who Are The Largest Shareholders?

In filings from Greenhouse Funds LLLP, it is revealed that the company now owns 4,475,833 shares, or roughly 11.98% of the outstanding CLAR shares. In other words, the investor’s shares have risen by 1,703,679 from its previous 13-F filing of 2772154.0. Additionally, Brown Advisory LLC increased 39.49% of its stake after which the total value it holdings stand at $59,740,204, while Fidelity Management & Research Co reduced -22.24% of its stake to hold $23.33 million in the firm. Over the last quarter, Parallax Volatility Advisers LP purchased 1,444,013 shares of Clarus Corporation, while BlackRock Fund Advisors bought 62,664 shares. At present, Thrivent Asset Management LLC is holding 1,533,554 shares valued at $20.66 million. The Vanguard Group, Inc. owned 1,314,847 shares of the company at the time of its most recent 13F filing, worth $17.71 million.

The most recent change occurred on January 26, 2021 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.


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