Cambridge Investment Research Advisors Inc. Has $50,000 Position in Rekor Systems, Inc. (NASDAQ:REKR)

Posted by Defense World Staff on Oct 18th, 2023

Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Rekor Systems, Inc. (NASDAQ:REKR – Free Report) by 43.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,189 shares of the company’s stock after buying an additional 8,500 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Rekor Systems were worth $50,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in REKR. Swiss National Bank increased its position in Rekor Systems by 7.8% in the first quarter. Swiss National Bank now owns 83,200 shares of the company’s stock worth $379,000 after buying an additional 6,000 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Rekor Systems by 19.6% in the first quarter. JPMorgan Chase & Co. now owns 26,075 shares of the company’s stock worth $119,000 after purchasing an additional 4,282 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Rekor Systems in the first quarter valued at approximately $156,000. Rhumbline Advisers lifted its position in Rekor Systems by 16.1% during the first quarter. Rhumbline Advisers now owns 34,677 shares of the company’s stock valued at $158,000 after purchasing an additional 4,803 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Rekor Systems by 18.0% in the 1st quarter. Vanguard Group Inc. now owns 2,066,646 shares of the company’s stock worth $9,423,000 after buying an additional 315,534 shares in the last quarter. 40.56% of the stock is owned by institutional investors.

Rekor Systems Price Performance

Shares of NASDAQ REKR opened at $3.16 on Wednesday. Rekor Systems, Inc. has a 1 year low of $0.56 and a 1 year high of $4.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.88 and a quick ratio of 0.70. The firm has a 50-day moving average of $3.19 and a 200 day moving average of $2.29.

Rekor Systems (NASDAQ:REKR – Get Free Report) last issued its quarterly earnings data on Monday, August 14th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.02). Rekor Systems had a negative return on equity of 159.54% and a negative net margin of 282.34%. The business had revenue of $8.56 million during the quarter, compared to the consensus estimate of $8.03 million. Research analysts anticipate that Rekor Systems, Inc. will post -0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on REKR shares. Northland Securities boosted their target price on Rekor Systems from $2.50 to $3.75 in a research report on Tuesday, July 18th. B. Riley boosted their price objective on shares of Rekor Systems from $3.75 to $4.00 and gave the stock a “buy” rating in a report on Tuesday, August 15th.

Get Our Latest Analysis on Rekor Systems

Insider Transactions at Rekor Systems

In related news, CEO Robert Alan Berman purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $3.45 per share, for a total transaction of $34,500.00. Following the completion of the transaction, the chief executive officer now owns 1,135,219 shares in the company, valued at approximately $3,916,505.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.40% of the company’s stock.

Rekor Systems Profile

(Free Report)

Rekor Systems, Inc, a technology company, provides intelligent infrastructure solutions for transportation management, public safety, and urban mobility markets in the United States, Canada, and internationally. It leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.