Swarmer (NASDAQ:SWMR) Stock Rating Cut to Strong Sell at Wall Street Zen

Swarmer (NASDAQ:SWMR) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of Swarmer from a “sell (e)” rating to a “sell (e-)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Swarmer presently has an average rating of “Sell”.

Swarmer Price Performance

SWMR stock opened at $8.84 on Friday. Swarmer has a 1-year low of $6.51 and a 1-year high of $83.30. The business’s 50 day simple moving average is $15.99 and its 200 day simple moving average is $33.82.

Swarmer (NASDAQ:SWMR) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.45) earnings per share (EPS) for the quarter. The business had revenue of $0.22 million during the quarter.

Insiders Place Their Bets

In other Swarmer news, Director Justin Zeefe sold 23,885 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $24.12, for a total value of $576,106.20. Following the transaction, the director directly owned 252,443 shares of the company’s stock, valued at $6,088,925.16. This represents a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc bought a new stake in shares of Swarmer in the second quarter valued at approximately $41,000. Bank of New York Mellon Corp bought a new position in Swarmer during the 2nd quarter worth $349,000. T3 Companies LLC bought a new position in Swarmer during the 3rd quarter worth $181,000. Veracity Capital LLC acquired a new position in Swarmer in the 3rd quarter valued at $268,000. Finally, Magnus Financial Group LLC acquired a new position in Swarmer in the 3rd quarter valued at $357,000.

About Swarmer

Swarmer develops software for autonomous unmanned aerial vehicles, with a focus on coordinating multiple drones to operate together. Its technology is designed to help operators plan and manage missions while reducing the need to control each aircraft individually. The company’s work is rooted in Ukraine’s defense technology sector, and its systems have been developed for use in operational environments there. Swarmer is led by Chief Executive Officer Serhii Kupriienko.