Paul Christopher Baker Sells 58,939 Shares of Kopin (NASDAQ:KOPN) Stock

Kopin Corporation (NASDAQ:KOPN) COO Paul Christopher Baker sold 58,939 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total value of $288,801.10. Following the completion of the sale, the chief operating officer owned 420,025 shares in the company, valued at $2,058,122.50. This represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Christopher Baker also recently made the following trade(s):

• On Tuesday, May 5th, Paul Christopher Baker sold 1,041 shares of Kopin stock. The shares were sold at an average price of $4.90, for a total value of $5,100.90.
• On Tuesday, April 28th, Paul Christopher Baker sold 116,860 shares of Kopin stock. The stock was sold at an average price of $3.95, for a total value of $461,597.00.

Kopin Price Performance

Shares of KOPN opened at $5.41 on Friday. The stock has a market capitalization of $991.98 million, a price-to-earnings ratio of 541.54 and a beta of 3.40. Kopin Corporation has a 1 year low of $1.23 and a 1 year high of $5.45. The business’s 50 day simple moving average is $2.72 and its 200-day simple moving average is $2.70.

Kopin (NASDAQ:KOPN) last posted its earnings results on Monday, April 13th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $8.37 million during the quarter, compared to analyst estimates of $12.98 million. Kopin had a net margin of 6.63% and a return on equity of 8.53%. On average, sell-side analysts expect that Kopin Corporation will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

KOPN has been the topic of a number of research reports. Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Canaccord Genuity Group initiated coverage on Kopin in a research report on Friday. They issued a “buy” rating and a $5.50 price target for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a research note on Thursday, January 22nd. Lake Street Capital restated a “buy” rating and set a $5.00 price objective on shares of Kopin in a research report on Wednesday, April 29th. Finally, JonesTrading started coverage on Kopin in a research note on Monday, April 27th. They issued a “buy” rating and a $6.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kopin currently has an average rating of “Moderate Buy” and an average target price of $5.60.

Institutional Investors Weigh In On Kopin

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Kopin by 30.7% in the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after acquiring an additional 3,243 shares during the last quarter. Focused Wealth Management Inc grew its holdings in Kopin by 2.4% during the 4th quarter. Focused Wealth Management Inc now owns 212,444 shares of the company’s stock valued at $497,000 after purchasing an additional 5,000 shares during the last quarter. Deutsche Bank AG grew its holdings in Kopin by 4.0% during the 4th quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock valued at $363,000 after purchasing an additional 5,902 shares during the last quarter. AE Wealth Management LLC raised its position in Kopin by 68.7% in the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock worth $41,000 after purchasing an additional 6,873 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in Kopin by 13.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock worth $159,000 after purchasing an additional 7,971 shares during the period. Hedge funds and other institutional investors own 30.96% of the company’s stock.

About Kopin

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.