Kopin (NASDAQ:KOPN) CEO Michael Andrew Murray Sells 63,200 Shares of Stock

Kopin Corporation (NASDAQ:KOPN) CEO Michael Andrew Murray sold 63,200 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $3.01, for a total value of $190,232.00. Following the completion of the sale, the chief executive officer owned 2,867,922 shares in the company, valued at approximately $8,632,445.22. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Andrew Murray also recently made the following trade(s):

• On Monday, April 13th, Michael Andrew Murray sold 187,920 shares of Kopin stock. The shares were sold at an average price of $2.80, for a total value of $526,176.00.

Kopin Price Performance

KOPN opened at $2.95 on Friday. Kopin Corporation has a 12 month low of $0.88 and a 12 month high of $4.16. The stock has a market cap of $540.92 million, a P/E ratio of 295.30 and a beta of 2.73. The stock’s 50 day moving average price is $2.31 and its 200 day moving average price is $2.65.

Kopin (NASDAQ:KOPN) last posted its earnings results on Monday, April 13th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. Kopin had a negative return on equity of 30.97% and a negative net margin of 13.81%.The firm had revenue of $8.37 million for the quarter, compared to analysts’ expectations of $12.98 million. Equities analysts anticipate that Kopin Corporation will post -0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KOPN. Wall Street Zen cut Kopin from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4.69.

Hedge Funds Weigh In On Kopin

Several hedge funds have recently modified their holdings of KOPN. EWA LLC acquired a new position in shares of Kopin during the 4th quarter valued at $25,000. Prudential Financial Inc. acquired a new position in shares of Kopin during the 2nd quarter valued at $25,000. Legal & General Group Plc acquired a new position in shares of Kopin during the 2nd quarter valued at $25,000. Cibc World Markets Corp bought a new stake in shares of Kopin during the 4th quarter worth $28,000. Finally, Bravias Capital Group LLC bought a new stake in shares of Kopin during the 3rd quarter worth $32,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

About Kopin

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.