Anterix Inc. (NASDAQ:ATEX – Get Free Report) CEO Scott Lang sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $80.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the chief executive officer directly owned 26,470 shares in the company, valued at approximately $2,117,600. This trade represents a 36.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Anterix Stock Performance
Anterix stock traded up $1.62 during mid-day trading on Tuesday, reaching $85.24. The company’s stock had a trading volume of 266,412 shares, compared to its average volume of 388,874. The company has a market capitalization of $1.67 billion, a P/E ratio of 24.35 and a beta of 0.84. The firm’s fifty day moving average price is $91.45 and its two-hundred day moving average price is $70.44. Anterix Inc. has a 12-month low of $17.58 and a 12-month high of $113.00.
Anterix (NASDAQ:ATEX – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.00 million. On average, research analysts predict that Anterix Inc. will post -2 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
ATEX has been the topic of a number of recent analyst reports. Clear Str upgraded Anterix to a “strong-buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. decreased their price objective on shares of Anterix from $133.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. DA Davidson set a $161.00 target price on shares of Anterix in a research note on Friday, August 21st. Wall Street Zen cut shares of Anterix from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings lowered shares of Anterix from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.00.
Read Our Latest Research Report on Anterix
About Anterix
Anterix Inc (NASDAQ: ATEX) provides private wireless broadband solutions for critical infrastructure organizations, with a primary focus on electric utilities in the United States. The company’s services are designed to support mission-critical communications, grid modernization, operational technology, and other applications that require secure and reliable connectivity.
Anterix owns and manages licensed spectrum in the 900 MHz band and makes that spectrum available through arrangements with utility and infrastructure customers.
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