Swarmer (NASDAQ:SWMR) Director Sells 23,885 Shares

Key Points

• Swarmer Director Justin Matthew Zeefe sold 23,885 shares at an average price of $24.12, generating approximately $576,106. Following the sale, his direct ownership fell 8.64% to 252,443 shares.
• SWMR shares declined to $24.03 during Thursday trading, well below the 50-day moving average of $37.74 and near the lower end of their 12-month range of $11.25 to $83.30.
• Analyst sentiment remains negative, with the stock carrying an average “Sell” rating. Swarmer reported a quarterly loss of $0.45 per share on revenue of $0.22 million.

Swarmer Inc (NASDAQ:SWMR - Get Free Report) Director Justin Matthew Zeefe sold 23,885 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $24.12, for a total transaction of $576,106.20. Following the transaction, the director directly owned 252,443 shares of the company's stock, valued at $6,088,925.16. The trade was a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Swarmer Price Performance

Swarmer stock traded down $1.08 during midday trading on Thursday, reaching $24.03. 1,350,283 shares of the company traded hands, compared to its average volume of 1,169,033. Swarmer Inc has a 12 month low of $11.25 and a 12 month high of $83.30. The company's 50 day simple moving average is $37.74. The stock has a market cap of $383.04 million and a price-to-earnings ratio of -32.92.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Swarmer

A hedge fund recently bought a new position in Swarmer stock. Bank of New York Mellon Corp bought a new stake in shares of Swarmer Inc (NASDAQ:SWMR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,865 shares of the company's stock, valued at approximately $349,000. Bank of New York Mellon Corp owned approximately 0.07% of Swarmer as of its most recent filing with the Securities and Exchange Commission.

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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