Recent Insider Trading: ClearOne, Inc. $CLRO

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ClearOne, Inc. (CLRO) insider have most recently took part in a trading activity. On Nov 30, 2017 Bagley Edward D, 10% Owner bought 289,601 shares having total worth of $2,027,207 at the price of $7 per share, following the transaction a total of 3,550,163 shares owned by Bagley Edward D. Before this latest buy, Bagley Edward D purchased CLRO at 13 other times during the past twelve months, for a total investment of $36.22M at an average of $7.54 per share.

The stock has experienced a total of 9 insider trades in the past three months. These trades include 1 sell activities and 8 buy trades. Furthermore, over the past 12 months , the stock was traded 16 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 15 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 8 1 -19%
12 Month 15 1 -28.7%

Shares of ClearOne, Inc. (CLRO) traded up 14.89% on Dec 1, 2017, hitting $8.1. 42,048 shares of the company’s stock traded hands. ClearOne, Inc. has a 52 week low of $6.7 and a 52 week high of $12.6. The company’s market cap is $100 million.

ClearOne, Inc. (CLRO) last announced its earnings results on Nov 8, 2017. The company reported 0.09 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.06 by $0.03. The company had revenue of $11 million for the quarter, compared to the consensus estimate of $12 million. During the same quarter in the previous year, the company posted 0.22 earnings per share. The company’s revenue for the quarter was down 18% on a year-over-year basis.

2017-11-08 2017-08-09 2017-05-09 2017-03-14 2016-11-08 2016-08-04 2016-05-05 2016-03-10 2015-11-19 2015-08-06
earnings per share 0.09 -0.01 0.02 -0.02 0.22 0.15 0.18 0.24 0.30 0.20
Revenue(M) 10.56 10.31 11.68 10.73 12.91 11.97 13.03 14.28 15.91 14.01

ClearOne Inc., is formed as a Utah corporation in 1983 organized under the laws of the State of Utah. The Company designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio, video and data multimedia communication. Its products are designed for business and residential use, offering unprecedented levels of functionality, reliability and scalability. The Company designs, develops and markets high-quality audio conferencing products for personal use, as well as traditional tabletop, mid-tier premium and higher-end professional products for both large and small businesses. It occupies the number one global market share position, with nearly 50% market share in the professional audio conferencing market for products used by large businesses and organizations such as enterprise, healthcare, education and distance learning, government, legal and finance. The Company’s conferencing solutions save organizations time and money by creating a natural environment for collaboration and communication. The ClearOne brand for commercial multimedia streaming and control, deliver a superior IP A/V experience by streaming high definition audio and video (multimedia) and control over TCP/IP LAN networks. By combining audio and/or video content, meta-data and control signals into one digital stream in harmony with industry standards, its distributed, edge of the network architecture allows the hardware and the processing power to be distributed across any existing TCP/IP network. This leverages many of the advantages of using TCP/IP over traditional analog systems and other centrally controlled IP-based systems. The ClearOne VIEW products are powered by ClearOne’s patented StreamNet technology. On September 6, 2011, ClearOne acquired the business of MagicBox, Inc., a manufacturer of hardware and software solutions delivering digital content and information to digital displays. Regulations regarding product safety, product operational agency compliance, the materials used in manufacturing, the process of disposing of electronic equipment and the efficient use of energy require additional time to obtain regulatory approvals of new products in both domestic and international markets.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.