Insider Selling: Sunworks, Inc. (NASDAQ:SUNW) COO Sells 8,000 Shares of Stock

Sunworks, Inc. (NASDAQ:SUNW) COO Abraham Richard Emard sold 8,000 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $1.79, for a total transaction of $14,320.00. Following the transaction, the chief operating officer now owns 684,046 shares in the company, valued at $1,224,442.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Abraham Richard Emard also recently made the following trade(s):

  • On Friday, July 21st, Abraham Richard Emard sold 34,500 shares of Sunworks stock. The stock was sold at an average price of $2.08, for a total transaction of $71,760.00.
  • On Wednesday, July 19th, Abraham Richard Emard sold 26,700 shares of Sunworks stock. The stock was sold at an average price of $1.91, for a total transaction of $50,997.00.
  • On Tuesday, July 18th, Abraham Richard Emard sold 1,560 shares of Sunworks stock. The stock was sold at an average price of $1.92, for a total transaction of $2,995.20.
  • On Thursday, July 20th, Abraham Richard Emard sold 54,844 shares of Sunworks stock. The stock was sold at an average price of $1.96, for a total transaction of $107,494.24.
  • On Friday, July 14th, Abraham Richard Emard sold 15,000 shares of Sunworks stock. The stock was sold at an average price of $1.85, for a total transaction of $27,750.00.
  • On Monday, July 17th, Abraham Richard Emard sold 25,394 shares of Sunworks stock. The stock was sold at an average price of $1.86, for a total transaction of $47,232.84.
  • On Wednesday, July 12th, Abraham Richard Emard sold 34,500 shares of Sunworks stock. The stock was sold at an average price of $1.79, for a total transaction of $61,755.00.
  • On Thursday, July 13th, Abraham Richard Emard sold 44,741 shares of Sunworks stock. The stock was sold at an average price of $1.79, for a total transaction of $80,086.39.

Shares of Sunworks, Inc. (NASDAQ:SUNW) traded down 0.60% on Friday, reaching $1.65. 37,230 shares of the company’s stock traded hands. The firm’s market capitalization is $37.05 million. Sunworks, Inc. has a 52 week low of $1.28 and a 52 week high of $3.25. The company has a 50 day moving average price of $1.83 and a 200 day moving average price of $1.70.

Sunworks (NASDAQ:SUNW) last announced its quarterly earnings data on Thursday, August 10th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $25.01 million for the quarter, compared to analysts’ expectations of $25.20 million. Sunworks had a negative net margin of 15.38% and a negative return on equity of 54.74%. On average, equities research analysts predict that Sunworks, Inc. will post ($0.03) earnings per share for the current fiscal year.

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SUNW has been the topic of several recent analyst reports. Cowen and Company set a $3.00 target price on shares of Sunworks and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Roth Capital initiated coverage on shares of Sunworks in a research report on Tuesday, June 27th. They set a “neutral” rating and a $2.50 target price on the stock. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Sunworks has an average rating of “Hold” and an average price target of $2.92.

Several institutional investors have recently made changes to their positions in SUNW. Credit Agricole S A acquired a new position in shares of Sunworks during the fourth quarter valued at about $793,000. Renaissance Technologies LLC acquired a new position in shares of Sunworks during the fourth quarter valued at about $125,000. Finally, Sei Investments Co. boosted its position in shares of Sunworks by 20.5% in the second quarter. Sei Investments Co. now owns 61,234 shares of the semiconductor company’s stock valued at $107,000 after buying an additional 10,408 shares in the last quarter. 5.53% of the stock is currently owned by institutional investors.

About Sunworks

Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.

Insider Buying and Selling by Quarter for Sunworks (NASDAQ:SUNW)

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