Justin Matthew Zeefe Sells 23,885 Shares of Swarmer (NASDAQ:SWMR) Stock

Swarmer Inc (NASDAQ:SWMR) Director Justin Zeefe sold 23,885 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $24.12, for a total transaction of $576,106.20. Following the completion of the sale, the director directly owned 252,443 shares of the company’s stock, valued at approximately $6,088,925.16. This trade represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Swarmer Stock Down 0.2%

NASDAQ SWMR opened at $23.98 on Friday. The firm has a market cap of $382.24 million and a price-to-earnings ratio of -32.85. The stock has a fifty day moving average of $36.97. Swarmer Inc has a 52-week low of $11.25 and a 52-week high of $83.30.

Swarmer (NASDAQ:SWMR) last released its earnings results on Thursday, August 13th. The company reported ($0.45) earnings per share for the quarter. The company had revenue of $0.22 million for the quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SWMR shares. Weiss Ratings raised Swarmer from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, September 1st. Wall Street Zen upgraded shares of Swarmer from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Swarmer has an average rating of “Sell”.

Institutional Investors Weigh In On Swarmer

A hedge fund recently bought a new stake in Swarmer stock. Bank of New York Mellon Corp bought a new position in shares of Swarmer Inc (NASDAQ:SWMR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,865 shares of the company’s stock, valued at approximately $349,000. Bank of New York Mellon Corp owned 0.07% of Swarmer at the end of the most recent reporting period.

Swarmer Company Profile

Swarmer, Inc is a technology company focused on autonomous drone operations and coordinated unmanned aerial systems. Its software is designed to help operators plan, manage and execute missions involving multiple drones, with the aim of improving efficiency, scalability and situational awareness.

The company’s platform supports drone-swarm coordination, including mission planning, real-time communication and autonomous collaboration among unmanned aircraft. Swarmer’s technology is intended for defense, security and other applications that require the deployment of multiple drones under centralized human supervision.

Swarmer’s public materials primarily position the company within the emerging defense and autonomous-systems markets.