Clearfield (NASDAQ:CLFD) Insider Sells $67,191.60 in Stock

Clearfield, Inc. (NASDAQ:CLFD) insider Anis Khemakhem sold 1,684 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total value of $67,191.60. Following the completion of the transaction, the insider owned 25,126 shares in the company, valued at $1,002,527.40. This represents a 6.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Clearfield Price Performance

NASDAQ:CLFD traded up $2.20 during mid-day trading on Thursday, reaching $39.99. The stock had a trading volume of 336,862 shares, compared to its average volume of 210,813. Clearfield, Inc. has a fifty-two week low of $23.76 and a fifty-two week high of $52.73. The business’s 50 day moving average is $36.35 and its 200 day moving average is $32.32. The stock has a market cap of $543.46 million, a P/E ratio of -64.50 and a beta of 2.08.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CLFD. Royal Bank of Canada lifted its holdings in shares of Clearfield by 6.2% during the first quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock valued at $8,020,000 after acquiring an additional 15,659 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Clearfield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock valued at $215,000 after buying an additional 312 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Clearfield by 45.5% in the first quarter. Jane Street Group LLC now owns 20,136 shares of the communications equipment provider’s stock valued at $598,000 after buying an additional 6,294 shares in the last quarter. Strs Ohio acquired a new stake in shares of Clearfield in the first quarter valued at $131,000. Finally, Rhumbline Advisers increased its stake in shares of Clearfield by 6.4% in the second quarter. Rhumbline Advisers now owns 20,103 shares of the communications equipment provider’s stock valued at $873,000 after buying an additional 1,216 shares in the last quarter. 88.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CLFD. Roth Mkm reaffirmed a “buy” rating and set a $44.00 target price on shares of Clearfield in a research report on Monday, May 4th. Weiss Ratings lowered shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.75.

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.