Karooooo Ltd. (NASDAQ:KARO – Get Free Report) CEO Isaias Jose Calisto sold 22,549 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.25, for a total value of $1,426,224.25. Following the sale, the chief executive officer owned 17,660,358 shares of the company’s stock, valued at approximately $1,117,017,643.50. This represents a 0.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Isaias Jose Calisto also recently made the following trade(s):
- On Tuesday, August 11th, Isaias Jose Calisto sold 242 shares of Karooooo stock. The shares were 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 stock was 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 value of $1,317,100.67.
- On Friday, July 31st, Isaias Jose Calisto sold 25,452 shares of Karooooo stock. The shares were 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 stock was sold at an average price of $63.47, for a total transaction of $1,182,446.10.
- On Wednesday, July 29th, Isaias Jose Calisto sold 31,897 shares of Karooooo stock. The shares were sold at an average price of $64.43, for a total transaction of $2,055,123.71.
- On Tuesday, July 28th, Isaias Jose Calisto sold 22,036 shares of Karooooo stock. The shares were sold at an average price of $64.19, for a total transaction of $1,414,490.84.
Karooooo Stock Up 1.8%
Shares of Karooooo stock opened at $63.89 on Friday. 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 $1.97 billion, a P/E ratio of 32.43 and a beta of 0.85. The firm’s 50 day moving average price is $56.29 and its 200-day moving average price is $51.23. Karooooo Ltd. has a 52-week low of $41.25 and a 52-week high of $67.14.
Institutional Investors Weigh In On Karooooo
A number of large investors have recently made changes to their positions in the stock. Marshall Wace LLP raised its stake in Karooooo by 699.1% in the 2nd quarter. Marshall Wace LLP now owns 55,602 shares of the company’s stock worth $2,723,000 after acquiring an additional 48,644 shares during the last quarter. Capricorn Fund Managers Ltd increased its holdings in shares of Karooooo by 16.9% in the first quarter. Capricorn Fund Managers Ltd now owns 278,346 shares of the company’s stock valued at $13,873,000 after purchasing an additional 40,268 shares during the period. Two Sigma Investments LP raised its stake in shares of Karooooo by 115.4% in the third quarter. Two Sigma Investments LP now owns 74,130 shares of the company’s stock worth $4,234,000 after purchasing an additional 39,709 shares during the last quarter. Aurora Investment Counsel purchased a new position in shares of Karooooo in the fourth quarter worth about $1,651,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Karooooo in the second quarter worth about $1,378,000.
Analysts Set New Price Targets
Several analysts have recently commented on the company. Wall Street Zen lowered Karooooo from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Karooooo in a research report on Friday, April 24th. Zacks Research downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Needham & Company LLC boosted their price target on Karooooo from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Freedom Capital downgraded shares of Karooooo from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.50.
View Our Latest Analysis on KARO
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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