Buying Buzz: Clearfield Inc. [CLFD] Director HAYSSEN CHARLES N purchases 3,000 shares of the company


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Clearfield Inc. shares valued at $181,500 were purchased by HAYSSEN CHARLES N on Feb 13. At $60.50 per share, HAYSSEN CHARLES N acquired 3,000 shares. The insider’s holdings grew to 136,847 shares worth approximately $7.6 million following the completion of this transaction.

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Also, ROTH RONALD G purchased 3,100 shares, netting a total of over 198,400 in proceeds. Following the buying of shares at $64.00 each, the insider now holds 1,254,783 shares.

Before that, Jones Walter Louis JR had added 86 shares to its account. In a trade valued at $10,032, the Director bought Clearfield Inc. shares for $116.65 each. Upon closing the transaction, the insider’s holdings increased to 86 shares, worth approximately $50292.06.

As published in their initiating research note from ROTH Capital on January 17, 2023, Clearfield Inc. [CLFD] has been a Buy and the price target has been revised to $120. This represents a 53.74% premium over Thursday’s closing price. Analysts at Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of January 19, 2022, BWS Financial has initiated its “Sell” rating for CLFD. Earlier on December 14, 2021, Needham initiated its rating. Their recommendation was “a Buy” for CLFD stock.

Analyzing CLFD Stock Performance

On Thursday, Clearfield Inc. [NASDAQ: CLFD] plunged -8.63% to $55.51. The stock’s lowest price that day was $55.03, but it reached a high of $60.75 in the same session. During the last five days, there has been a drop of approximately -9.86%. Over the course of the year, Clearfield Inc. shares have dropped approximately -41.03%. Shares of the company reached a 52-week high of $100.00 on 01/09/23 and a 52-week low of $55.03 on 03/09/23. A 50-day SMA is recorded $72.38, while a 200-day SMA reached $88.76. Nevertheless, trading volume fell to 0.74 million shares from 0.2 million shares the previous day.

Support And Resistance Levels for Clearfield Inc. (CLFD)

According to the 24-hour chart, there is a support level at 53.44, which, if violated, would cause prices to drop to 51.38. In the upper region, resistance lies at 59.16. The next price resistance is at 62.82. RSI (Relative Strength Index) is 25.64 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.02, which suggests the price will decrease in the coming days. Percent R is at 94.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Clearfield Inc. subject to short interest?

Stocks of Clearfield Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.52 million shares to 1.8 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 1.28 million shares. A jump of 28.89% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.86 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.86.

Which companies own the most shares of Clearfield Inc. (CLFD)?

According to BlackRock Fund Advisors filings, the company currently owns 1,742,203 shares, which is about 11.45% of the total CLFD shares outstanding. The investor’s shares have appreciated by 1,020,661 from its previous 13-F filing of 721542.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $55,230,434. Driehaus Capital Management LLC acquire a 53.01% interest valued at $38.88 million while Dimensional Fund Advisors LP sold a -2,196 stake. A total of 54,094 shares of Clearfield Inc. were sold by Atika Capital Management LLC during the quarter, and 14,141 were bought by SSgA Funds Management, Inc. In its current portfolio, Neumeier Poma Investment Counsel holds 365,763 shares valued at $26.14 million.

In terms of Clearfield Inc. share price expectations, FactSet research, analysts set an average price target of $103.30 in the next 12 months, up nearly 79.42% from the previous closing price of $60.75. Analysts anticipate Clearfield Inc. stock to reach $114.00 by 2023, with the lowest price target being $70.78. In spite of this, 6 analysts ranked Clearfield Inc. stock as a Buy at the end of 2023. On April 23, 2021, Northland Capital assigned a price target of “an Outperform” to the stock and upgraded coverage with a $36.


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