Walter Louis Jones, Jr. Sells 2,391 Shares of Clearfield (NASDAQ:CLFD) Stock

Clearfield, Inc. (NASDAQ:CLFD) Director Walter Louis Jones, Jr. sold 2,391 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.05, for a total value of $110,105.55. Following the transaction, the director owned 8,682 shares in the company, valued at $399,806.10. This trade represents a 21.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Clearfield Trading Down 5.8%

CLFD stock opened at $42.51 on Thursday. The company has a market capitalization of $577.67 million, a PE ratio of -68.56 and a beta of 1.90. Clearfield, Inc. has a 12-month low of $23.76 and a 12-month high of $46.76. The business’s fifty day moving average price is $30.11 and its 200 day moving average price is $30.69.

Clearfield (NASDAQ:CLFD) last announced its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $34.39 million during the quarter, compared to analysts’ expectations of $33.58 million. Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Research analysts predict that Clearfield, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on CLFD. Weiss Ratings downgraded shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday. Zacks Research cut shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Roth Mkm restated a “buy” rating and issued a $44.00 price target on shares of Clearfield in a research note on Monday, May 4th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

Hedge Funds Weigh In On Clearfield

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new position in Clearfield in the third quarter worth approximately $42,000. Tower Research Capital LLC TRC increased its position in shares of Clearfield by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 1,012 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Clearfield in the 4th quarter valued at $63,000. Strs Ohio acquired a new stake in shares of Clearfield in the 1st quarter valued at $131,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Clearfield during the 2nd quarter worth $220,000. 88.73% of the stock is owned by institutional investors and hedge funds.

About Clearfield

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.