Michael Andrew Murray Sells 96,800 Shares of Kopin (NASDAQ:KOPN) Stock

Kopin Corporation (NASDAQ:KOPN) CEO Michael Andrew Murray sold 96,800 shares of Kopin stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $3.01, for a total value of $291,368.00. Following the completion of the transaction, the chief executive officer owned 2,771,122 shares in the company, valued at $8,341,077.22. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Andrew Murray also recently made the following trade(s):

• On Wednesday, April 15th, Michael Andrew Murray sold 63,200 shares of Kopin stock. The shares were sold at an average price of $3.01, for a total value of $190,232.00.
• On Monday, April 13th, Michael Andrew Murray sold 187,920 shares of Kopin stock. The shares were sold at an average price of $2.80, for a total value of $526,176.00.

Kopin Price Performance

KOPN opened at $3.21 on Thursday. The business has a 50 day simple moving average of $2.36 and a 200-day simple moving average of $2.67. The stock has a market capitalization of $588.60 million, a P/E ratio of 321.32 and a beta of 2.73. Kopin Corporation has a 12 month low of $1.08 and a 12 month high of $4.16.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Monday, April 13th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. The business had revenue of $8.37 million during the quarter, compared to analysts’ expectations of $12.98 million. Kopin had a return on equity of 8.53% and a net margin of 6.63%. Research analysts anticipate that Kopin Corporation will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Kopin

Several hedge funds and other institutional investors have recently bought and sold shares of KOPN. EWA LLC acquired a new position in Kopin during the fourth quarter worth $25,000. Prudential Financial Inc. acquired a new position in Kopin during the second quarter worth $25,000. Legal & General Group Plc acquired a new position in Kopin during the second quarter worth $25,000. Cibc World Markets Corp purchased a new position in Kopin during the 4th quarter valued at about $28,000. Finally, Bravias Capital Group LLC purchased a new position in Kopin during the 3rd quarter valued at about $32,000. 30.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KOPN shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Wall Street Zen cut Kopin from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.69.

About Kopin

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.