Clever Leaves Holdings Inc. (NASDAQ:CLVR) CEO Sells $23,067.60 in Stock

Clever Leaves Holdings Inc. (NASDAQ:CLVR – Get Rating) CEO Andres Fajardo sold 57,669 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $0.40, for a total value of $23,067.60. Following the sale, the chief executive officer now directly owns 525,934 shares of the company’s stock, valued at $210,373.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andres Fajardo also recently made the following trade(s):

• On Tuesday, December 20th, Andres Fajardo sold 5,133 shares of Clever Leaves stock. The stock was sold at an average price of $0.34, for a total value of $1,745.22.

Clever Leaves Trading Up 4.2 %

Clever Leaves stock opened at $0.43 on Friday. Clever Leaves Holdings Inc. has a 12 month low of $0.29 and a 12 month high of $3.98. The stock’s 50 day moving average is $0.41 and its 200-day moving average is $0.65. The company has a quick ratio of 2.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.02.

Clever Leaves (NASDAQ:CLVR – Get Rating) last issued its quarterly earnings results on Wednesday, November 9th. The company reported ($0.19) earnings per share (EPS) for the quarter. Clever Leaves had a negative return on equity of 44.71% and a negative net margin of 352.99%. The company had revenue of $3.31 million for the quarter.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CLVR. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $0.80 target price on shares of Clever Leaves in a report on Friday, November 11th. Cantor Fitzgerald decreased their target price on Clever Leaves from $4.30 to $3.75 and set an “overweight” rating for the company in a research note on Thursday, November 10th. Finally, Canaccord Genuity Group cut Clever Leaves from a “buy” rating to a “hold” rating in a research note on Friday, November 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CLVR. Royal Bank of Canada bought a new position in shares of Clever Leaves in the 1st quarter valued at $32,000. Verition Fund Management LLC bought a new position in Clever Leaves during the 2nd quarter worth $53,000. Citigroup Inc. bought a new position in Clever Leaves during the 1st quarter worth $58,000. State Street Corp raised its position in Clever Leaves by 64.8% during the 3rd quarter. State Street Corp now owns 102,217 shares of the company’s stock worth $62,000 after purchasing an additional 40,200 shares during the last quarter. Finally, Vident Investment Advisory LLC raised its position in Clever Leaves by 79.0% during the 1st quarter. Vident Investment Advisory LLC now owns 54,690 shares of the company’s stock worth $136,000 after purchasing an additional 24,143 shares during the last quarter. 17.27% of the stock is currently owned by institutional investors.

Clever Leaves Company Profile

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Clever Leaves Holdings Inc operates as a cannabis company. The company operates through two segments, Cannabinoid and Non-Cannabinoid. The Cannabinoid segment engages in the cultivation, extraction, manufacturing, commercialization, and distribution of cannabinoid products internationally. The Non-Cannabinoid segment is engaged in formulating, manufacturing, marketing, selling, distributing, and commercializing nutraceutical and other natural remedies, wellness products, detoxification products, and nutritional and dietary supplements for mass retailers, specialty and health retailers, and distributors in the United States.