Karooooo Ltd. (NASDAQ:KARO – Get Free Report) CEO Isaias Jose Calisto sold 978 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $63.30, for a total transaction of $61,907.40. Following the transaction, the chief executive officer owned 17,648,745 shares of the company’s stock, valued at approximately $1,117,165,558.50. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Isaias Jose Calisto also recently made the following trade(s):
- On Thursday, August 13th, Isaias Jose Calisto sold 8,235 shares of Karooooo stock. The shares were sold at an average price of $63.58, for a total value of $523,581.30.
- 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 value of $136,061.90.
- On Monday, August 10th, Isaias Jose Calisto sold 22,549 shares of Karooooo stock. The stock was 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 value 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 value 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 transaction of $1,653,372.40.
- On Monday, August 3rd, Isaias Jose Calisto sold 20,417 shares of Karooooo stock. The stock was 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.
Karooooo Price Performance
Shares of KARO stock opened at $62.78 on Wednesday. The stock’s fifty day moving average is $57.24 and its 200-day moving average is $51.48. The stock has a market capitalization of $1.94 billion, a PE ratio of 31.87 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.01 and a current ratio of 1.02. Karooooo Ltd. has a 52 week low of $41.25 and a 52 week high of $67.14.
Analysts Set New Price Targets
A number of analysts recently commented on KARO shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. Roth Capital reaffirmed a “buy” rating and issued a $74.00 target price on shares of Karooooo in a research note on Friday, July 17th. UBS Group reiterated a “buy” rating and set a $75.00 price target on shares of Karooooo in a research report on Thursday, July 16th. Zacks Research downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial increased their price objective on shares of Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.50.
View Our Latest Stock Report on KARO
Institutional Investors Weigh In On Karooooo
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KARO. Public Employees Retirement System of Ohio bought a new position in Karooooo during the second quarter worth about $54,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Karooooo during the 4th quarter worth about $80,000. Royal Bank of Canada increased its stake in shares of Karooooo by 852.9% in the 4th quarter. Royal Bank of Canada now owns 2,954 shares of the company’s stock valued at $135,000 after acquiring an additional 2,644 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Karooooo in the 2nd quarter valued at about $156,000. Finally, New York State Common Retirement Fund raised its position in shares of Karooooo by 465.6% in the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after acquiring an additional 2,682 shares during the period.
About Karooooo
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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