ClearSign Technologies Corporation (NASDAQ:CLIR – Get Free Report) major shareholder John Pasquesi bought 500,000 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average cost of $3.54 per share, with a total value of $1,770,000.00. Following the completion of the acquisition, the insider directly owned 1,343,477 shares of the company’s stock, valued at approximately $4,755,908.58. The trade was a 59.28% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
ClearSign Technologies Price Performance
Shares of NASDAQ CLIR traded down $0.04 during mid-day trading on Tuesday, hitting $3.94. The company had a trading volume of 5,746 shares, compared to its average volume of 23,888. ClearSign Technologies Corporation has a 12 month low of $3.16 and a 12 month high of $11.20. The stock has a market cap of $24.83 million, a price-to-earnings ratio of -3.97 and a beta of 1.37. The firm’s 50 day simple moving average is $4.01 and its two-hundred day simple moving average is $5.02.
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last issued its earnings results on Friday, May 15th. The technology company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.10). ClearSign Technologies had a negative return on equity of 61.24% and a negative net margin of 111.66%.The company had revenue of $0.19 million during the quarter, compared to analyst estimates of $1.27 million. Equities analysts forecast that ClearSign Technologies Corporation will post -1.11 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on CLIR
Institutional Trading of ClearSign Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in CLIR. Renaissance Technologies LLC boosted its holdings in 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 buying an additional 36,769 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ClearSign Technologies by 895.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock valued at $40,000 after buying an additional 64,523 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of ClearSign Technologies by 801.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock valued at $45,000 after acquiring an additional 72,200 shares during the last quarter. Finally, Americana Partners LLC boosted its stake in shares of ClearSign Technologies by 83.3% during the 4th 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. 24.03% of the stock is currently owned by institutional investors.
About ClearSign Technologies
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.
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