XPEL, Inc. (NASDAQ:XPEL – Get Rating)’s stock price dropped 5.1% during trading on Monday after an insider sold shares in the company. The company traded as low as $69.41 and last traded at $70.08. Approximately 7,337 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 140,694 shares. The stock had previously closed at $73.82.
Specifically, Director Richard K. Crumly sold 10,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $70.68, for a total value of $706,800.00. Following the transaction, the director now owns 378,668 shares in the company, valued at $26,764,254.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Richard K. Crumly sold 10,000 shares of XPEL stock in a transaction on Monday, June 5th. The stock was sold at an average price of $70.68, for a total transaction of $706,800.00. Following the sale, the director now directly owns 378,668 shares in the company, valued at $26,764,254.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard K. Crumly sold 5,100 shares of XPEL stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $70.18, for a total value of $357,918.00. Following the sale, the director now owns 408,668 shares in the company, valued at $28,680,320.24. The disclosure for this sale can be found here. Insiders sold 187,356 shares of company stock valued at $13,558,414 over the last 90 days. Company insiders own 22.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on XPEL shares. B. Riley decreased their target price on XPEL from $100.00 to $95.00 in a research report on Wednesday, March 1st. EF Hutton Acquisition Co. I reiterated a “buy” rating and issued a $104.00 price target on shares of XPEL in a research report on Wednesday, March 1st.
XPEL Stock Performance
Institutional Investors Weigh In On XPEL
Several hedge funds have recently added to or reduced their stakes in XPEL. BlackRock Inc. lifted its stake in XPEL by 114.4% during the first quarter. BlackRock Inc. now owns 2,726,185 shares of the company’s stock worth $143,425,000 after purchasing an additional 1,454,820 shares during the last quarter. Capital International Investors purchased a new stake in XPEL in the 1st quarter worth approximately $21,921,000. Wasatch Advisors Inc. lifted its holdings in XPEL by 16.7% in the 1st quarter. Wasatch Advisors Inc. now owns 2,876,402 shares of the company’s stock worth $151,328,000 after buying an additional 411,462 shares during the period. Brown Advisory Inc. lifted its holdings in XPEL by 172.1% in the 1st quarter. Brown Advisory Inc. now owns 538,739 shares of the company’s stock worth $36,607,000 after buying an additional 340,773 shares during the period. Finally, Heritage Wealth Management LLC lifted its holdings in XPEL by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 538,836 shares of the company’s stock worth $32,362,000 after buying an additional 269,418 shares during the period. Institutional investors own 59.47% of the company’s stock.
About XPEL
XPEL, Inc engages in the manufacture and distribution of automotive products. It offers paint protection, aumototive, and flat glass window films, and plotters. The company was founded on October 14, 2003 and is headquartered in San Antonio, TX.
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