Karooooo Ltd. (NASDAQ:KARO – Get Free Report) CEO Isaias Jose Calisto sold 8,235 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $63.58, for a total value of $523,581.30. Following the completion of the transaction, the chief executive officer directly owned 17,649,723 shares of the company’s stock, valued at approximately $1,122,169,388.34. This trade represents a 0.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Isaias Jose Calisto also recently made the following trade(s):
- On Wednesday, August 12th, Isaias Jose Calisto sold 2,158 shares of Karooooo stock. The stock was sold at an average price of $63.05, for a total transaction of $136,061.90.
- On Monday, August 10th, Isaias Jose Calisto sold 22,549 shares of Karooooo stock. The shares were sold at an average price of $63.25, for a total value of $1,426,224.25.
- On Tuesday, August 11th, Isaias Jose Calisto sold 242 shares of Karooooo stock. The stock was sold at an average price of $63.01, for a total transaction of $15,248.42.
- On Friday, August 7th, Isaias Jose Calisto sold 12,430 shares of Karooooo stock. The shares were sold at an average price of $64.48, for a total transaction of $801,486.40.
- On Thursday, August 6th, Isaias Jose Calisto sold 18,849 shares of Karooooo stock. The shares were sold at an average price of $63.29, for a total value of $1,192,953.21.
- On Wednesday, August 5th, Isaias Jose Calisto sold 33,833 shares of Karooooo stock. The stock was sold at an average price of $66.14, for a total value of $2,237,714.62.
- On Tuesday, August 4th, Isaias Jose Calisto sold 25,594 shares of Karooooo stock. The shares were sold at an average price of $64.60, for a total value of $1,653,372.40.
- On Monday, August 3rd, Isaias Jose Calisto sold 20,417 shares of Karooooo stock. The shares were sold at an average price of $64.51, for a total transaction of $1,317,100.67.
- On Friday, July 31st, Isaias Jose Calisto sold 25,452 shares of Karooooo stock. The stock was sold at an average price of $64.65, for a total value of $1,645,471.80.
- On Thursday, July 30th, Isaias Jose Calisto sold 18,630 shares of Karooooo stock. The shares were sold at an average price of $63.47, for a total value of $1,182,446.10.
Karooooo Stock Down 2.1%
Shares of Karooooo stock traded down $1.35 during trading on Friday, reaching $62.54. The company’s stock had a trading volume of 16,777 shares, compared to its average volume of 82,929. Karooooo Ltd. has a 1-year low of $41.25 and a 1-year high of $67.14. The company has a 50-day simple moving average of $56.29 and a two-hundred day simple moving average of $51.23. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 31.68 and a beta of 0.85.
Analysts Set New Price Targets
Several research firms have weighed in on KARO. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Karooooo from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. UBS Group reissued a “buy” rating and issued a $75.00 target price on shares of Karooooo in a research report on Thursday, July 16th. Raymond James Financial raised their target price on Karooooo from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Finally, Freedom Capital downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.50.
Check Out Our Latest Stock Report on Karooooo
Institutional Trading of Karooooo
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of Karooooo by 9.5% in the 1st quarter. Bank of America Corp DE now owns 8,798 shares of the company’s stock valued at $438,000 after acquiring an additional 764 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Karooooo during the first quarter valued at $1,015,000. Renaissance Technologies LLC boosted its holdings in Karooooo by 1.4% in the first quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock valued at $1,395,000 after purchasing an additional 400 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Karooooo by 35.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 19,259 shares of the company’s stock worth $960,000 after purchasing an additional 4,999 shares during the period. Finally, R Squared Ltd acquired a new stake in Karooooo during the 1st quarter worth about $296,000.
Karooooo Company Profile
Karooooo Ltd is a global provider of telematics software-as-a-service solutions for vehicle and fleet management. Through its flagship platform, the company delivers real-time GPS tracking, stolen vehicle recovery and driver behaviour analytics, enabling commercial fleets and automotive insurers to optimise operations, increase safety and reduce costs.
Karooooo’s SaaS platform integrates proprietary hardware devices with cloud-based analytics and mobile applications. Customers gain access to live vehicle location data, engine diagnostics, route planning tools and customizable reporting dashboards.
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