Karooooo Ltd. (NASDAQ:KARO – Get Free Report) CEO Isaias Jose Calisto sold 650 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.04, for a total transaction of $40,976.00. Following the transaction, the chief executive officer directly owned 17,648,095 shares of the company’s stock, valued at $1,112,535,908.80. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Isaias Jose Calisto also recently made the following trade(s):
- On Wednesday, August 19th, Isaias Jose Calisto sold 1,193 shares of Karooooo stock. The stock was sold at an average price of $63.13, for a total transaction of $75,314.09.
- On Friday, August 14th, Isaias Jose Calisto sold 978 shares of Karooooo stock. The stock was sold at an average price of $63.30, for a total value of $61,907.40.
- On Thursday, August 13th, Isaias Jose Calisto sold 8,235 shares of Karooooo stock. The stock was 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 shares were 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 transaction 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 stock was 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 transaction of $1,192,953.21.
- On Wednesday, August 5th, Isaias Jose Calisto sold 33,833 shares of Karooooo stock. The shares were sold at an average price of $66.14, for a total transaction 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.
Karooooo Price Performance
Karooooo stock opened at $62.87 on Friday. The business has a 50-day simple moving average of $57.90 and a 200 day simple moving average of $51.66. Karooooo Ltd. has a 52 week low of $41.25 and a 52 week high of $67.14. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 31.91 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a research report on Monday. Freedom Capital downgraded Karooooo from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. UBS Group restated a “buy” rating and issued a $75.00 target price on shares of Karooooo in a report on Thursday, July 16th. Needham & Company LLC increased their price target on shares of Karooooo from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Raymond James Financial upped their price objective on shares of Karooooo from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.50.
View Our Latest Stock Analysis on KARO
Hedge Funds Weigh In On Karooooo
Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Karooooo during the 2nd quarter valued at about $54,000. Bank of America Corp DE increased its position in Karooooo by 9.5% during the 1st quarter. Bank of America Corp DE now owns 8,798 shares of the company’s stock valued at $438,000 after buying an additional 764 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Karooooo during the first quarter valued at $1,015,000. Renaissance Technologies LLC grew its stake in shares of Karooooo by 1.4% in the first quarter. Renaissance Technologies LLC now owns 27,987 shares of the company’s stock worth $1,395,000 after acquiring an additional 400 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Karooooo by 35.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 19,259 shares of the company’s stock valued at $960,000 after acquiring an additional 4,999 shares in the last quarter.
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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