Swarmer Inc's Lock-Up Period To Expire on September 14th (NASDAQ:SWMR)

Key Points

• Swarmer’s lock-up period expires September 14, allowing insiders and major shareholders to trade shares. The company issued 3 million IPO shares at $5 each in March, raising $15 million.
• Analyst sentiment is negative: Swarmer holds a consensus “Sell” rating, with one analyst recently downgrading the stock to “Strong Sell.”
• Swarmer reported a quarterly loss of $0.45 per share on just $0.22 million in revenue. The stock opened at $32.24, versus a 12-month range of $11.25 to $83.30.

Swarmer's (NASDAQ:SWMR - Get Free Report) lock-up period is set to expire on Monday, September 14th. Swarmer had issued 3,000,000 shares in its initial public offering on March 17th. The total size of the offering was $15,000,000 based on an initial share price of $5.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of Swarmer from a "sell (e-)" rating to a "sell (e)" rating in a research note on Tuesday, September 1st. Wall Street Zen lowered shares of Swarmer from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Swarmer presently has a consensus rating of "Sell".

Swarmer Stock Performance

Swarmer stock opened at $32.24 on Monday. The firm has a 50 day moving average price of $39.51. The firm has a market cap of $513.91 million and a PE ratio of -44.16. Swarmer has a 12 month low of $11.25 and a 12 month high of $83.30.

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

Institutional Investors Weigh In On Swarmer

An institutional investor recently bought a new stake in Swarmer stock. Bank of New York Mellon Corp acquired a new stake in Swarmer Inc (NASDAQ:SWMR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 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 SEC.

Swarmer Company Profile

We are launching the future of autonomous warfare through combat-proven software that enables military forces to deploy and coordinate drone swarms at significant scale. While hardware manufacturers compete and as the go-to in an increasingly commoditized market, we seek to establish ourself as a critical software layer operating system for autonomous swarm operations positioning us to capture increased value as the global military drone market experiences growth projected to exceed 12% compound annual growth through 2030.

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