Rao Mulpuri Buys 75,152 Shares of View, Inc. (NASDAQ:VIEW) Stock

View, Inc. (NASDAQ:VIEW – Get Rating) CEO Rao Mulpuri purchased 75,152 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were bought at an average price of $0.23 per share, for a total transaction of $17,284.96. Following the purchase, the chief executive officer now directly owns 589,721 shares in the company, valued at approximately $135,635.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rao Mulpuri also recently made the following trade(s):

• On Friday, May 19th, Rao Mulpuri purchased 47,468 shares of View stock. The shares were bought at an average price of $0.24 per share, for a total transaction of $11,392.32.

View Stock Performance

Shares of NASDAQ:VIEW traded down $0.05 during midday trading on Friday, reaching $0.18. The company’s stock had a trading volume of 5,747,273 shares, compared to its average volume of 1,007,891. The firm has a market capitalization of $44.01 million, a PE ratio of -0.16 and a beta of 1.01. View, Inc. has a twelve month low of $0.17 and a twelve month high of $2.74. The stock has a fifty day moving average of $0.36 and a 200 day moving average of $0.74. The company has a quick ratio of 2.12, a current ratio of 2.32 and a debt-to-equity ratio of 1.11.

View (NASDAQ:VIEW – Get Rating) last posted its quarterly earnings results on Wednesday, March 29th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.02). The business had revenue of $44.24 million during the quarter, compared to analysts’ expectations of $46.00 million. View had a negative return on equity of 123.97% and a negative net margin of 313.65%. On average, equities analysts expect that View, Inc. will post -0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On View

A number of institutional investors have recently made changes to their positions in VIEW. Envestnet Asset Management Inc. purchased a new position in View in the first quarter worth approximately $26,000. Swiss National Bank lifted its stake in View by 7.4% in the first quarter. Swiss National Bank now owns 128,300 shares of the company’s stock worth $236,000 after acquiring an additional 8,800 shares during the last quarter. Ergoteles LLC purchased a new position in View in the first quarter worth approximately $522,000. Prudential Financial Inc. purchased a new position in View in the first quarter worth approximately $53,000. Finally, Invesco Ltd. lifted its position in shares of View by 34.5% during the 1st quarter. Invesco Ltd. now owns 7,164,700 shares of the company’s stock worth $13,184,000 after buying an additional 1,839,664 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

About View

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View, Inc, a technology company, manufactures and sells smart building products. Its product portfolio includes View Smart Glass that comprise electrochromic glass panels in the form of insulating glass units; and View Net, a cloud-connected network infrastructure offering that can incorporate and power smart building devices.