ClearSign Technologies (NASDAQ:CLIR) Director Purchases $10,560.00 in Stock

ClearSign Technologies Corporation (NASDAQ:CLIR) Director Gil Todd Silva purchased 2,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were purchased at an average cost of $5.28 per share, for a total transaction of $10,560.00. Following the purchase, the director directly owned 6,000 shares of the company’s stock, valued at $31,680. This trade represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gil Todd Silva also recently made the following trade(s):

• On Monday, March 16th, Gil Todd Silva purchased 2,000 shares of ClearSign Technologies stock. The shares were purchased at an average cost of $4.36 per share, for a total transaction of $8,720.00.

ClearSign Technologies Stock Up 0.8%

Shares of CLIR opened at $5.37 on Thursday. ClearSign Technologies Corporation has a 12-month low of $3.24 and a 12-month high of $11.20. The firm has a market capitalization of $29.05 million, a PE ratio of -4.47 and a beta of 1.27. The stock’s fifty day simple moving average is $5.06 and its 200-day simple moving average is $6.53.

ClearSign Technologies (NASDAQ:CLIR) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.21. The business had revenue of $3.67 million for the quarter, compared to analyst estimates of $2.43 million. ClearSign Technologies had a negative return on equity of 53.54% and a negative net margin of 105.01%. Analysts anticipate that ClearSign Technologies Corporation will post -1.06 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CLIR. Weiss Ratings reiterated a “sell (d-)” rating on shares of ClearSign Technologies in a report on Friday, March 27th. HC Wainwright upped their price objective on ClearSign Technologies from $2.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.00.

Institutional Investors Weigh In On ClearSign Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Americana Partners LLC increased its holdings in shares of ClearSign Technologies by 83.3% in the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock worth $31,000 after acquiring an additional 25,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of ClearSign Technologies by 895.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after purchasing an additional 64,523 shares during the period. Renaissance Technologies LLC raised its position in shares of ClearSign Technologies by 89.6% during the fourth quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock worth $43,000 after purchasing an additional 36,769 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in shares of ClearSign Technologies by 801.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock worth $45,000 after purchasing an additional 72,200 shares during the period. Institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.

The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.