ADTRAN (NASDAQ:ADTN) Stock: Insider Thomas Stanton Purchases 150,000 Shares

ADTRAN Holdings, Inc. (NASDAQ:ADTN) CEO Thomas Stanton acquired 150,000 shares of ADTRAN stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average cost of $4.01 per share, with a total value of $601,500.00. Following the transaction, the chief executive officer owned 1,410,890 shares of the company’s stock, valued at approximately $5,657,668.90. The trade was a 11.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

ADTRAN Stock Performance

Shares of NASDAQ ADTN opened at $4.41 on Wednesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.89 and a quick ratio of 1.23. ADTRAN Holdings, Inc. has a one year low of $3.92 and a one year high of $19.98. The business’s 50-day moving average price is $6.70 and its two-hundred day moving average price is $10.87. The company has a market capitalization of $359.42 million, a P/E ratio of -16.96, a price-to-earnings-growth ratio of 2.63 and a beta of 1.53.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings results on Tuesday, November 3rd. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $281.17 million during the quarter, compared to the consensus estimate of $285.15 million. ADTRAN had a positive return on equity of 17.76% and a negative net margin of 2.20%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. Analysts anticipate that ADTRAN Holdings, Inc. will post 0.16 earnings per share for the current fiscal year.

Key Stories Impacting ADTRAN

Here are the key news stories impacting ADTRAN this week:

• Positive Sentiment: Telia Estonia is trialing ADTRAN’s 50G PON technology for next-generation broadband. The trial could help demonstrate the company’s capabilities in faster fiber networks, although it is not yet a reported commercial contract. Article: Telia Estonia trials Adtran 50G PON technology
• Positive Sentiment: CFO Timothy Santo bought 17,820 shares for about $74,000, increasing his direct ownership by nearly 30%. Insider buying can signal management confidence, though it does not guarantee improved results. Article: ADTRAN CFO purchases stock
• Neutral Sentiment: The latest reported quarter showed adjusted earnings of $0.09 per share, above the $0.04 consensus, while revenue of $281.17 million missed expectations of $285.15 million. Revenue grew just 0.6% year over year, leaving a mixed operating picture.
• Negative Sentiment: Rosenblatt Securities downgraded ADTN to neutral and cut its price target from $15 to $6.25, reflecting reduced analyst confidence. The target remains above the recent share price, but the downgrade may weigh on sentiment. ADTRAN analyst and stock information

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ADTN. Integrated Wealth Concepts LLC bought a new stake in ADTRAN during the second quarter worth approximately $27,000. Persistent Asset Partners Ltd acquired a new position in ADTRAN during the second quarter valued at approximately $28,000. Global Retirement Partners LLC bought a new position in shares of ADTRAN in the third quarter valued at approximately $29,000. State of Alaska Department of Revenue raised its position in shares of ADTRAN by 44.3% in the third quarter. State of Alaska Department of Revenue now owns 5,589 shares of the communications equipment provider’s stock valued at $38,000 after purchasing an additional 1,717 shares during the period. Finally, StoneX Group Inc. bought a new position in shares of ADTRAN in the third quarter valued at approximately $135,000. 80.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADTN. Rosenblatt Securities lowered shares of ADTRAN from a “buy” rating to a “neutral” rating and cut their price objective for the company from $15.00 to $6.25 in a research report on Tuesday, November 3rd. Zacks Research upgraded shares of ADTRAN from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Northland Securities set a $15.00 price target on shares of ADTRAN in a report on Wednesday, August 5th. Craig Hallum set a $12.00 price objective on shares of ADTRAN in a research note on Wednesday, August 5th. Finally, Evercore set a $11.00 price objective on shares of ADTRAN in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.21.

ADTRAN Company Profile

ADTRAN Holdings, Inc. is a global provider of networking and communications equipment, software, and services. Its products help communications service providers and businesses build and manage broadband and other communications networks. The company’s offerings include fiber-optic access systems, broadband access equipment, optical transport and Ethernet solutions, and cloud-managed Wi-Fi and network-management software. These products support connections between service providers’ networks and homes, businesses, and other locations.