Clarus Corporation (CLAR) receives a Buy rating from B. Riley Securities

Clarus Corporation’s recently made public that its Director SOKOLOW NICOLAS acquired Company’s shares for reported $96800.0 on May 23. In the deal valued at $8.80 per share,11,000 shares were bought. As a result of this transaction, SOKOLOW NICOLAS now holds 394,244 shares worth roughly $ 2.86 million.

Then, SOKOLOW NICOLAS bought 12,000 shares, generating $105,816 in total proceeds. Upon buying the shares at $8.82, the Director now owns 386,244 shares.

Before that, KUEHNE AARON bought 4,092 shares. Clarus Corporation shares valued at $49,961 were divested by the EXECUTIVE VP and COO at a price of $12.21 per share. As a result of the transaction, KUEHNE AARON now holds 95,248 shares, worth roughly $0.69 million.

B. Riley Securities initiated its Clarus Corporation [CLAR] rating to a Buy in a research note published on Friday, June 29, 2023; the price target was $12. PT values the company’s stock at a premium of 39.5 to its Friday closing price.

Price Performance Review of CLAR

On Friday, Clarus Corporation [NASDAQ:CLAR] saw its stock jump 0.97% to $7.26. On the same session, the stock had its day’s lowest price of $7.235, but rose to a high of $7.45. Over the last five days, the stock has lost -2.55%. Clarus Corporation shares have fallen nearly -7.40% since the year began. Nevertheless, the stocks have fallen -52.14% over the past one year. While a 52-week high of $17.07 was reached on 02/02/23, a 52-week low of $6.86 was recorded on 08/30/23. SMA at 50 days reached $8.42, while 200 days put it at $8.74. A total of 0.14 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For CLAR Stock

The 24-hour chart illustrates a support level at 7.18, which if violated will result in even more drops to 7.10. On the upside, there is a resistance level at 7.39. A further resistance level may holdings at 7.53. The Relative Strength Index (RSI) on the 14-day chart is 34.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.47%. Stochastics %K at 12.28% 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 Aug 14, 2023, dropping by -0.35 million shares to a total of 3.75 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.1 million shares. There was a decline of -9.33%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 17.15% of the overall stock float, the days-to-cover ratio (short ratio) fell to 13.49.

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

In filings from Greenhouse Funds LLLP, it is revealed that the company now owns 4,618,494 shares, or roughly 12.33% of the outstanding CLAR shares. Additionally, Brown Advisory LLC decreased -0.02% of its stake after which the total value it holdings stand at $40,278,864, while Thrivent Asset Management LLC added 7.80% of its stake to hold $30.88 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 609,779 shares of Clarus Corporation, while Federated MDTA LLC bought 1,431,366 shares. At present, BlackRock Fund Advisors is holding 1,477,633 shares valued at $13.15 million. The Vanguard Group, Inc. owned 1,461,641 shares of the company at the time of its most recent 13F filing, worth $13.01 million.

According to FactSet, Clarus Corporation’s share price will average $12.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 66.9 percent from its previous closing price of $7.19. Analysts expect Clarus Corporation stock to reach the higher price of $17.00, while the lowest price estimate is $8.00.