Kraken Robotics (CVE:PNG) Director Sells 150,000 Shares of Stock

Kraken Robotics Inc. (CVE:PNG) Director Michael Shaun Mcewan sold 150,000 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of C$6.21, for a total transaction of C$931,500.00. Following the transaction, the director owned 252,548 shares in the company, valued at C$1,568,323.08. This represents a 37.26% decrease in their position.

Michael Shaun Mcewan also recently made the following trade(s):

• On Thursday, July 9th, Michael Shaun Mcewan sold 20 shares of Kraken Robotics stock. The shares were sold at an average price of C$6.37, for a total value of C$127.40.
• On Thursday, July 9th, Michael Shaun Mcewan sold 1,500 shares of Kraken Robotics stock. The stock was sold at an average price of C$6.35, for a total value of C$9,525.00.
• On Thursday, July 9th, Michael Shaun Mcewan sold 1,052 shares of Kraken Robotics stock. The stock was sold at an average price of C$6.34, for a total value of C$6,669.68.
• On Thursday, July 9th, Michael Shaun Mcewan sold 6,700 shares of Kraken Robotics stock. The shares were sold at an average price of C$6.32, for a total value of C$42,344.00.
• On Thursday, July 9th, Michael Shaun Mcewan sold 7,000 shares of Kraken Robotics stock. The stock was sold at an average price of C$6.32, for a total value of C$44,240.00.
• On Thursday, July 9th, Michael Shaun Mcewan sold 15,502 shares of Kraken Robotics stock. The stock was sold at an average price of C$6.31, for a total value of C$97,817.62.
• On Thursday, July 9th, Michael Shaun Mcewan sold 3,400 shares of Kraken Robotics stock. The shares were sold at an average price of C$6.30, for a total transaction of C$21,420.00.
• On Thursday, July 9th, Michael Shaun Mcewan sold 2,401 shares of Kraken Robotics stock. The shares were sold at an average price of C$6.29, for a total transaction of C$15,102.29.
• On Thursday, July 9th, Michael Shaun Mcewan sold 600 shares of Kraken Robotics stock. The shares were sold at an average price of C$6.29, for a total transaction of C$3,774.00.
• On Thursday, July 9th, Michael Shaun Mcewan sold 2,200 shares of Kraken Robotics stock. The stock was sold at an average price of C$6.28, for a total transaction of C$13,816.00.

Kraken Robotics Stock Up 0.5%

Shares of PNG traded up C$0.03 on Tuesday, reaching C$6.60. The company’s stock had a trading volume of 448,414 shares, compared to its average volume of 1,694,077. The company has a current ratio of 1.37, a quick ratio of 0.64 and a debt-to-equity ratio of 16.23. Kraken Robotics Inc. has a twelve month low of C$3.28 and a twelve month high of C$10.72. The stock has a market capitalization of C$2.03 billion, a PE ratio of 744.00 and a beta of 0.87. The firm has a fifty day moving average of C$7.16 and a 200-day moving average of C$7.84.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. ATB Cormark Capital Markets dropped their target price on Kraken Robotics from C$6.50 to C$5.00 and set an “underperform” rating on the stock in a report on Tuesday, July 7th. Scotia increased their price target on Kraken Robotics from C$9.00 to C$12.00 and gave the company a “sector outperform” rating in a research report on Friday, July 3rd. National Bank Financial dropped their price objective on Kraken Robotics to C$10.00 in a research note on Friday, July 3rd. Finally, Desjardins cut their price objective on shares of Kraken Robotics to C$13.50 and set a “buy” rating on the stock in a report on Friday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$8.46.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.