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

Swarmer Inc (NASDAQ:SWMR) Director Justin Matthew Zeefe sold 23,885 shares of Swarmer 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 completion of the transaction, the director directly owned 252,443 shares in the company, valued at approximately $6,088,925.16. The trade was a 8.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Swarmer Price Performance

Swarmer stock opened at $24.03 on Friday. The firm has a 50 day moving average of $37.33. Swarmer Inc has a twelve month low of $11.25 and a twelve month high of $83.30. The firm has a market capitalization of $383.04 million and a PE ratio of -32.92.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Swarmer stock. IFP Advisors Inc purchased a new position in shares of Swarmer Inc (NASDAQ:SWMR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 936 shares of the company’s stock, valued at approximately $41,000.

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.