Walter Louis Jones Jr Sells 2,391 Shares of Clearfield (NASDAQ:CLFD) Stock

Clearfield, Inc. (NASDAQ:CLFD) Director Walter Louis Jones, Jr. sold 2,391 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the transaction, the director directly owned 8,682 shares of the company’s stock, valued at approximately $399,806.10. This represents a 21.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Clearfield Price Performance

CLFD stock traded down $2.60 during midday trading on Tuesday, reaching $44.13. The company had a trading volume of 479,059 shares, compared to its average volume of 161,648. Clearfield, Inc. has a 1 year low of $23.76 and a 1 year high of $46.76. The company has a market capitalization of $599.70 million, a P/E ratio of -71.17 and a beta of 1.90. The firm has a 50-day moving average price of $29.62 and a 200-day moving average price of $30.57.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings data on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $34.39 million during the quarter, compared to analysts’ expectations of $33.58 million. Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. On average, equities analysts predict that Clearfield, Inc. will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Clearfield

A number of institutional investors and hedge funds have recently made changes to their positions in CLFD. Cooper Creek Partners Management LLC boosted its holdings in shares of Clearfield by 1,705.7% in the third quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock worth $16,493,000 after buying an additional 453,173 shares during the last quarter. Ancora Advisors LLC lifted its holdings in Clearfield by 445.2% during the third quarter. Ancora Advisors LLC now owns 179,640 shares of the communications equipment provider’s stock valued at $6,176,000 after purchasing an additional 146,690 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Clearfield by 286.3% during the third quarter. Russell Investments Group Ltd. now owns 156,014 shares of the communications equipment provider’s stock valued at $5,364,000 after purchasing an additional 115,626 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in Clearfield by 48.4% during the third quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock valued at $9,029,000 after purchasing an additional 85,610 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in Clearfield during the second quarter valued at approximately $2,307,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CLFD. Roth Mkm reiterated a “buy” rating and issued a $44.00 price target on shares of Clearfield in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Clearfield in a research note on Monday, April 20th. Finally, Zacks Research lowered shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.75.

Clearfield Company Profile

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.