John Pasquesi Purchases 500,000 Shares of ClearSign Technologies (NASDAQ:CLIR) Stock

ClearSign Technologies Corporation (NASDAQ:CLIR) major shareholder John Pasquesi purchased 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was bought at an average price of $3.54 per share, with a total value of $1,770,000.00. Following the transaction, the insider directly owned 1,343,477 shares in the company, valued at $4,755,908.58. This trade represents a 59.28% increase in their ownership of the stock. The acquisition 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 transactions with the SEC.

ClearSign Technologies Price Performance

NASDAQ CLIR traded down $0.04 on Tuesday, hitting $3.94. 5,746 shares of the company were exchanged, compared to its average volume of 23,888. ClearSign Technologies Corporation has a twelve month low of $3.16 and a twelve month high of $11.20. The firm has a market capitalization of $24.83 million, a P/E ratio of -3.97 and a beta of 1.37. The company’s 50 day moving average price is $4.01 and its 200-day moving average price is $5.02.

ClearSign Technologies (NASDAQ:CLIR) last released its earnings results on Friday, May 15th. The technology company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.10). ClearSign Technologies had a negative return on equity of 61.24% and a negative net margin of 111.66%.The firm had revenue of $0.19 million during the quarter, compared to analysts’ expectations of $1.27 million. As a group, equities analysts expect that ClearSign Technologies Corporation will post -1.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CLIR shares. Weiss Ratings restated a “sell (d-)” rating on shares of ClearSign Technologies in a report on Wednesday, June 24th. HC Wainwright increased their price objective on ClearSign Technologies from $2.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.00.

Institutional Trading of ClearSign Technologies

A number of institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its stake in ClearSign Technologies by 801.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock valued at $45,000 after purchasing an additional 72,200 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of ClearSign Technologies by 895.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock valued at $40,000 after buying an additional 64,523 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of ClearSign Technologies by 89.6% in the 4th quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock valued at $43,000 after buying an additional 36,769 shares in the last quarter. Finally, Americana Partners LLC increased its holdings in ClearSign Technologies by 83.3% in the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock worth $31,000 after buying an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 24.03% of the company’s stock.

About ClearSign Technologies

ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.

The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.