Caesarstone (NASDAQ:CSTE) Director Sells $11,029.25 in Stock

Caesarstone Ltd. (NASDAQ:CSTE) Director David Vincent Cullen sold 7,025 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $1.57, for a total transaction of $11,029.25. Following the transaction, the director owned 675 shares in the company, valued at approximately $1,059.75. This trade represents a 91.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Caesarstone Stock Up 1.1%

Shares of CSTE traded up $0.02 during mid-day trading on Thursday, hitting $1.76. 183,245 shares of the company’s stock were exchanged, compared to its average volume of 745,330. The firm has a fifty day moving average of $1.29 and a two-hundred day moving average of $1.54. Caesarstone Ltd. has a twelve month low of $0.56 and a twelve month high of $2.58. The stock has a market cap of $60.84 million, a price-to-earnings ratio of -0.42 and a beta of 0.23.

Caesarstone (NASDAQ:CSTE) last announced its quarterly earnings results on Thursday, May 14th. The construction company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.03. Caesarstone had a negative net margin of 37.70% and a negative return on equity of 29.41%. The company had revenue of $88.71 million for the quarter, compared to analyst estimates of $97.80 million.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Caesarstone from a “sell” rating to a “strong sell” rating in a research note on Sunday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Caesarstone in the 4th quarter valued at $30,000. Citadel Advisors LLC grew its stake in Caesarstone by 163.7% in the 3rd quarter. Citadel Advisors LLC now owns 63,589 shares of the construction company’s stock valued at $101,000 after buying an additional 39,474 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Caesarstone in the 3rd quarter valued at $89,000. Pitcairn Co. acquired a new stake in Caesarstone in the 2nd quarter worth $31,000. Finally, Jane Street Group LLC acquired a new stake in Caesarstone in the 2nd quarter worth $263,000. 33.70% of the stock is currently owned by institutional investors and hedge funds.

Caesarstone Company Profile

Caesarstone Ltd. is an Israel-based manufacturer specializing in engineered quartz surfaces for residential and commercial applications. The company’s core business centers on the design, production and marketing of quartz slabs and tiles used for kitchen countertops, bathroom vanities, flooring and wall cladding. Caesarstone’s products combine natural quartz with resins and pigments to deliver durable, low-maintenance surfaces known for their aesthetic versatility and resistance to scratches, stains and heat.

Founded in 1987 and headquartered at Kibbutz Sdot Yam, Israel, Caesarstone has grown into a global brand with distribution in over 50 countries.