Anterix (NASDAQ:ATEX) Stock: Insider Elena Marquez Sells 4,981 Shares

Anterix Inc. (NASDAQ:ATEX) CFO Elena Marquez sold 4,981 shares of Anterix stock in a transaction on Friday, October 9th. The shares were sold at an average price of $80.43, for a total value of $400,621.83. Following the transaction, the chief financial officer owned 12,604 shares in the company, valued at approximately $1,013,739.72. This trade represents a 28.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anterix Price Performance

ATEX opened at $83.26 on Thursday. Anterix Inc. has a one year low of $17.58 and a one year high of $113.00. The stock’s fifty day moving average is $86.04 and its 200-day moving average is $75.69.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.44. Anterix had a negative return on equity of 10.65% and a net margin of 933.03%. The business had revenue of $1.96 million during the quarter, compared to analyst estimates of $2.00 million. As a group, equities research analysts predict that Anterix Inc. will post -2.00 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATEX has been the subject of a number of research analyst reports. DA Davidson set a $161.00 price target on shares of Anterix in a report on Friday, August 21st. Wall Street Zen lowered shares of Anterix from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. lowered their price objective on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, August 13th. Clear Str raised shares of Anterix to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Anterix from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Anterix during the second quarter valued at $35,000. Parallel Advisors LLC boosted its position in shares of Anterix by 63.7% in the 1st quarter. Parallel Advisors LLC now owns 933 shares of the company’s stock valued at $36,000 after purchasing an additional 363 shares during the period. Fifth Third Bancorp purchased a new position in Anterix in the 1st quarter worth about $64,000. Royal Bank of Canada increased its stake in Anterix by 151.2% in the 1st quarter. Royal Bank of Canada now owns 3,034 shares of the company’s stock worth $116,000 after purchasing an additional 1,826 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Anterix in the 2nd quarter worth about $222,000. Institutional investors own 87.67% of the company’s stock.

Anterix Company Profile

Anterix Inc (NASDAQ: ATEX) develops and enables private wireless broadband networks for critical infrastructure organizations in the United States. The company focuses on using its licensed 900 MHz spectrum to support secure, reliable communications for electric utilities and other organizations that require resilient connectivity for operational technology and field personnel.

Anterix provides spectrum access and related solutions designed to help utilities modernize communications networks, including support for grid management, outage response, remote monitoring, automation and other mission-critical applications.