KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Major Shareholder Timothy Ray Knowles Sells 361,338 Shares

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) major shareholder Timothy Ray Knowles sold 361,338 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of 0.29, for a total transaction of 104,788.02. Following the transaction, the insider now directly owns 14,268,027 shares in the company, valued at 4,137,727.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Timothy Ray Knowles also recently made the following trade(s):

• On Friday, March 22nd, Timothy Ray Knowles sold 460,037 shares of KULR Technology Group stock. The shares were sold at an average price of 0.22, for a total transaction of 101,208.14.

KULR Technology Group Stock Down 7.3 %

Shares of KULR stock traded down 0.03 on Thursday, reaching 0.38. 12,735,900 shares of the company were exchanged, compared to its average volume of 7,138,926. The stock has a market capitalization of $48.60 million, a P/E ratio of -1.90 and a beta of 1.73. KULR Technology Group, Inc. has a 1 year low of 0.10 and a 1 year high of 1.10.

Institutional Trading of KULR Technology Group

Several large investors have recently bought and sold shares of the business. Citigroup Inc. boosted its holdings in KULR Technology Group by 53.4% in the 1st quarter. Citigroup Inc. now owns 85,125 shares of the company's stock valued at $185,000 after purchasing an additional 29,644 shares during the last quarter. Vanguard Group Inc. boosted its holdings in KULR Technology Group by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,834,615 shares of the company's stock valued at $6,151,000 after purchasing an additional 100,122 shares during the last quarter. Ergoteles LLC acquired a new position in KULR Technology Group in the 1st quarter valued at about $101,000. Northern Trust Corp lifted its holdings in shares of KULR Technology Group by 15.2% in the 1st quarter. Northern Trust Corp now owns 103,463 shares of the company's stock worth $225,000 after acquiring an additional 13,634 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of KULR Technology Group by 11.3% in the 1st quarter. State Street Corp now owns 175,811 shares of the company's stock worth $382,000 after acquiring an additional 17,811 shares during the last quarter. Hedge funds and other institutional investors own 21.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark started coverage on shares of KULR Technology Group in a report on Thursday, November 30th. They issued a "speculative buy" rating and a $1.00 price target on the stock.

About KULR Technology Group

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for batteries, electronics, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; fiber thermal interface materials; phase change material heatsinks; internal short circuit device; KULR battery cell screening and testing automation system and tech safe case; cellcheck; and CRUX cathodes.