Swarmer (NASDAQ:SWMR) Cut to Strong Sell at Wall Street Zen

Swarmer (NASDAQ:SWMR) was downgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded Swarmer from a “sell (e)” rating to a “sell (e-)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Swarmer Stock Up 1.3%

Shares of Swarmer stock opened at $8.84 on Friday. The company has a 50 day moving average of $15.99 and a 200-day moving average of $33.82. Swarmer has a 1-year low of $6.51 and a 1-year high of $83.30.

Swarmer (NASDAQ:SWMR) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.45) earnings per share for the quarter. The company had revenue of $0.22 million during the quarter.

Insider Buying and Selling

In other news, Director Justin Zeefe sold 23,885 shares of Swarmer stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $24.12, for a total transaction of $576,106.20. Following the sale, the director directly owned 252,443 shares of the company’s stock, valued at approximately $6,088,925.16. This trade represents a 8.64% 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State Street Corp acquired a new stake in Swarmer during the 2nd quarter worth approximately $2,523,000. IFP Advisors Inc bought a new stake in Swarmer during the 2nd quarter worth approximately $41,000. Bank of New York Mellon Corp bought a new stake in Swarmer during the 2nd quarter worth approximately $349,000. HighTower Advisors LLC acquired a new position in Swarmer in the 3rd quarter valued at approximately $1,347,000. Finally, T3 Companies LLC bought a new position in shares of Swarmer during the third quarter valued at $181,000.

Swarmer Company Profile

Swarmer develops software for autonomous unmanned aerial vehicles, with a focus on coordinating multiple drones to operate together. Its technology is designed to help operators plan and manage missions while reducing the need to control each aircraft individually. The company’s work is rooted in Ukraine’s defense technology sector, and its systems have been developed for use in operational environments there. Swarmer is led by Chief Executive Officer Serhii Kupriienko.