Swarmer Inc $SWMR Shares Newly Bought by State Street Corp

Key Points

• State Street Corp acquired 56,950 shares of Swarmer, valued at approximately $2.5 million, giving it a 0.36% stake; Bank of New York Mellon also opened a position worth about $349,000.
• Director Justin Zeefe sold 23,885 shares for approximately $576,000, reducing his direct ownership by 8.64% to 252,443 shares.
• Swarmer maintains a “Sell” consensus rating, while the stock opened at $20.73 and recently reported a quarterly loss of $0.45 per share on just $0.22 million in revenue.

State Street Corp acquired a new stake in Swarmer Inc (NASDAQ:SWMR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 56,950 shares of the company's stock, valued at approximately $2,523,000. State Street Corp owned 0.36% of Swarmer at the end of the most recent reporting period.

Separately, Bank of New York Mellon Corp acquired a new position in Swarmer during the 2nd quarter valued at about $349,000.

Insiders Place Their Bets

In other Swarmer news, Director Justin Zeefe sold 23,885 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $24.12, for a total transaction of $576,106.20. Following the completion of the transaction, the director directly owned 252,443 shares of the company's stock, valued at approximately $6,088,925.16. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SWMR shares. Weiss Ratings raised Swarmer from a "sell (e-)" rating to a "sell (e)" rating in a report on Tuesday, September 1st. Wall Street Zen raised Swarmer from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".

Swarmer Stock Performance

SWMR stock opened at $20.73 on Friday. The stock has a market capitalization of $330.44 million and a PE ratio of -28.40. The stock has a fifty day simple moving average of $35.37. Swarmer Inc has a 1-year low of $11.25 and a 1-year high of $83.30.

Swarmer (NASDAQ:SWMR - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.45) earnings per share (EPS) for the quarter. The firm had revenue of $0.22 million during the quarter.

Swarmer Company Profile

Swarmer, Inc is a technology company focused on autonomous drone operations and coordinated unmanned aerial systems. Its software is designed to help operators plan, manage and execute missions involving multiple drones, with the aim of improving efficiency, scalability and situational awareness.

The company's platform supports drone-swarm coordination, including mission planning, real-time communication and autonomous collaboration among unmanned aircraft. Swarmer's technology is intended for defense, security and other applications that require the deployment of multiple drones under centralized human supervision.

Swarmer's public materials primarily position the company within the emerging defense and autonomous-systems markets.

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