Insider Selling: ReposiTrak (NYSE:TRAK) CEO Sells $29,960.00 in Stock

ReposiTrak Inc. (NYSE:TRAK) CEO Randall Fields sold 3,500 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $8.56, for a total value of $29,960.00. Following the sale, the chief executive officer directly owned 89,000 shares of the company’s stock, valued at approximately $761,840. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

ReposiTrak Stock Performance

Shares of TRAK stock opened at $7.89 on Friday. ReposiTrak Inc. has a 52 week low of $7.80 and a 52 week high of $23.72. The company’s 50 day moving average price is $10.05 and its two-hundred day moving average price is $13.18. The company has a market capitalization of $143.60 million, a P/E ratio of 21.32 and a beta of 0.49.

ReposiTrak (NYSE:TRAK) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.09 earnings per share for the quarter. ReposiTrak had a net margin of 30.62% and a return on equity of 14.52%. The company had revenue of $5.86 million during the quarter.

Wall Street Analysts Forecast Growth

TRAK has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of ReposiTrak from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of ReposiTrak in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, ReposiTrak currently has an average rating of “Hold”.

Institutional Investors Weigh In On ReposiTrak

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its holdings in shares of ReposiTrak by 7.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 1,654,348 shares of the company’s stock valued at $32,508,000 after acquiring an additional 110,000 shares in the last quarter. Ashford Capital Management Inc. increased its position in shares of ReposiTrak by 2.9% in the third quarter. Ashford Capital Management Inc. now owns 815,208 shares of the company’s stock valued at $12,081,000 after acquiring an additional 23,054 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings in ReposiTrak by 6.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 793,858 shares of the company’s stock worth $9,820,000 after acquiring an additional 47,914 shares in the last quarter. Bank of Montreal Can acquired a new position in ReposiTrak during the fourth quarter valued at approximately $3,457,000. Finally, Ingalls & Snyder LLC boosted its position in ReposiTrak by 13.2% during the fourth quarter. Ingalls & Snyder LLC now owns 223,392 shares of the company’s stock valued at $2,763,000 after purchasing an additional 26,106 shares during the last quarter. 27.35% of the stock is owned by institutional investors.

About ReposiTrak

ReposiTrak, trading on the New York Stock Exchange under the symbol TRAK, is a provider of cloud-based supply chain compliance and transparency solutions. The company’s platform enables retailers, suppliers and manufacturers to manage, share and validate product data throughout the supply chain. Through its Software-as-a-Service (SaaS) offering, ReposiTrak helps organizations ensure adherence to regulatory requirements, industry standards and retailer-specific guidelines for food safety, sustainability, labeling and quality assurance.

At the core of ReposiTrak’s offerings is its DataHub, a centralized repository that captures critical information such as product specifications, certifications, catch-weight data, temperature logs and recall notifications.