Sierra Wireless, Inc. (SW) Given New C$36.00 Price Target at TD Securities

Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) had its price objective reduced by TD Securities to C$36.00 in a research report released on Friday morning. TD Securities currently has a hold rating on the stock.

Sierra Wireless (TSE SW) traded down C$1.51 during midday trading on Friday, hitting C$27.96. The company’s stock had a trading volume of 416,591 shares, compared to its average volume of 91,829. Sierra Wireless has a twelve month low of C$16.48 and a twelve month high of C$43.16.

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In related news, Director Jason W. Cohenour sold 11,298 shares of Sierra Wireless stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$23.00, for a total value of C$259,854.00. Also, insider Pierre Jean Benoit Teyssier sold 3,000 shares of Sierra Wireless stock in a transaction dated Monday, August 14th. The shares were sold at an average price of C$23.30, for a total value of C$69,900.00. Insiders have sold a total of 20,383 shares of company stock valued at $464,936 in the last quarter.

Sierra Wireless Company Profile

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

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