Anis Khemakhem Sells 1,684 Shares of Clearfield (NASDAQ:CLFD) Stock

Clearfield, Inc. (NASDAQ:CLFD) insider Anis Khemakhem sold 1,684 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total transaction of $67,191.60. Following the sale, the insider owned 25,126 shares of the company’s stock, valued at approximately $1,002,527.40. The trade was a 6.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clearfield Stock Performance

Shares of Clearfield stock traded up $2.20 during trading on Thursday, hitting $39.99. 336,862 shares of the stock were exchanged, compared to its average volume of 210,813. The stock’s fifty day moving average is $36.35 and its 200 day moving average is $32.32. The stock has a market cap of $543.46 million, a PE ratio of -64.50 and a beta of 2.08. Clearfield, Inc. has a 12 month low of $23.76 and a 12 month high of $52.73.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $34.39 million during the quarter, compared to analyst estimates of $33.58 million. Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Sell-side analysts anticipate that Clearfield, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Clearfield

A number of institutional investors and hedge funds have recently bought and sold shares of CLFD. Quarry LP purchased a new stake in shares of Clearfield in the third quarter worth approximately $42,000. Los Angeles Capital Management LLC purchased a new stake in shares of Clearfield in the fourth quarter worth approximately $63,000. Tower Research Capital LLC TRC lifted its position in shares of Clearfield by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock worth $82,000 after purchasing an additional 1,012 shares in the last quarter. Strs Ohio purchased a new stake in shares of Clearfield in the first quarter worth approximately $131,000. Finally, Quantbot Technologies LP acquired a new position in Clearfield in the third quarter worth approximately $202,000. 88.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLFD has been the subject of several recent research reports. Roth Mkm restated a “buy” rating and set a $44.00 price target on shares of Clearfield in a research report on Monday, May 4th. Weiss Ratings downgraded shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Clearfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.75.

Clearfield Company Profile

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.