Tejara Capital Ltd Sells 403,737 Shares of Rekor Systems, Inc. $REKR

Key Points

• Tejara Capital Ltd reduced its holdings in Rekor Systems, Inc. by 11.2%, owning approximately 3.2 million shares worth about $2.84 million after selling 403,737 shares in the first quarter.
• Rekor Systems has a market capitalization of $140.23 million and reported a loss of ($0.07) earnings per share in its most recent quarterly earnings, missing expectations by ($0.01).
• About 45.71% of Rekor Systems' stock is owned by institutional investors and hedge funds, indicating significant market interest despite recent share selling.

Tejara Capital Ltd lessened its holdings in Rekor Systems, Inc. (NASDAQ:REKR - Free Report) by 11.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,207,722 shares of the company's stock after selling 403,737 shares during the period. Rekor Systems makes up approximately 1.1% of Tejara Capital Ltd's portfolio, making the stock its 26th biggest holding. Tejara Capital Ltd owned 2.89% of Rekor Systems worth $2,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of REKR. LPL Financial LLC boosted its position in Rekor Systems by 1,666.6% in the fourth quarter. LPL Financial LLC now owns 204,133 shares of the company's stock worth $318,000 after purchasing an additional 192,578 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rekor Systems by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 1,942,624 shares of the company's stock worth $3,031,000 after buying an additional 129,244 shares during the last quarter. Barclays PLC boosted its holdings in shares of Rekor Systems by 11.7% in the 4th quarter. Barclays PLC now owns 116,615 shares of the company's stock worth $182,000 after buying an additional 12,188 shares during the last quarter. PEAK6 LLC purchased a new position in shares of Rekor Systems in the 4th quarter worth about $45,000. Finally, Stifel Financial Corp boosted its holdings in shares of Rekor Systems by 33.4% in the 4th quarter. Stifel Financial Corp now owns 107,557 shares of the company's stock worth $168,000 after buying an additional 26,920 shares during the last quarter. Hedge funds and other institutional investors own 45.71% of the company's stock.

Rekor Systems Stock Performance

REKR traded up $0.02 during midday trading on Wednesday, reaching $1.07. The company had a trading volume of 2,091,789 shares, compared to its average volume of 2,235,968. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.40. The stock has a market cap of $135.17 million, a PE ratio of -2.02 and a beta of 2.26. Rekor Systems, Inc. has a 12-month low of $0.62 and a 12-month high of $2.67. The business has a 50-day moving average price of $1.19 and a two-hundred day moving average price of $1.20.

Rekor Systems (NASDAQ:REKR - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). Rekor Systems had a negative net margin of 115.76% and a negative return on equity of 146.71%. The company had revenue of $12.36 million during the quarter, compared to analysts' expectations of $12.36 million. On average, sell-side analysts expect that Rekor Systems, Inc. will post -0.57 earnings per share for the current fiscal year.

Rekor Systems Profile

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.