XPEL (NASDAQ:XPEL) Trading Down 5.9% Following Insider Selling

XPEL, Inc. (NASDAQ:XPEL)’s share price traded down 5.9% on Tuesday following insider selling activity. The company traded as low as $43.76 and last traded at $43.76. 65,417 shares were traded during mid-day trading, a decline of 67% from the average session volume of 197,225 shares. The stock had previously closed at $46.52.

Specifically, CEO Ryan Pape sold 20,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.34, for a total value of $926,800.00. Following the completion of the transaction, the chief executive officer now owns 1,085,607 shares of the company’s stock, valued at approximately $50,307,028.38. This represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Craig Hallum upgraded shares of XPEL from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. B. Riley raised shares of XPEL from a “neutral” rating to a “buy” rating and upped their price target for the stock from $37.00 to $58.00 in a research note on Friday, August 9th.

XPEL Trading Up 0.1 %

The firm has a 50-day moving average price of $42.58 and a 200-day moving average price of $40.02. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 24.83 and a beta of 1.85.

XPEL (NASDAQ:XPEL) last released its earnings results on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. XPEL had a return on equity of 24.68% and a net margin of 11.61%. The firm had revenue of $112.85 million for the quarter, compared to analyst estimates of $114.59 million. During the same period in the previous year, the company earned $0.56 earnings per share. XPEL’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts predict that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Institutional Trading of XPEL

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in XPEL by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock worth $80,918,000 after buying an additional 22,180 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of XPEL by 9.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,195 shares of the company’s stock worth $981,000 after purchasing an additional 1,506 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of XPEL by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,065 shares of the company’s stock worth $922,000 after purchasing an additional 901 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of XPEL by 3.4% during the first quarter. Janus Henderson Group PLC now owns 18,401 shares of the company’s stock valued at $994,000 after purchasing an additional 605 shares during the last quarter. Finally, Aurora Investment Counsel acquired a new position in shares of XPEL in the 1st quarter valued at $1,936,000. 75.08% of the stock is currently owned by institutional investors.

XPEL Company Profile

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.