Insider Selling: XPEL, Inc. (NASDAQ:XPEL) Director Sells 5,000 Shares of Stock

XPEL, Inc. (NASDAQ:XPEL) Director Mike Klonne sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $43.00, for a total transaction of $215,000.00. Following the completion of the transaction, the director now directly owns 50,008 shares in the company, valued at $2,150,344. This trade represents a 9.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

XPEL Trading Down 2.1 %

Shares of XPEL stock traded down $0.93 during trading hours on Tuesday, hitting $42.59. 150,299 shares of the company’s stock were exchanged, compared to its average volume of 198,225. The business’s 50 day simple moving average is $42.42 and its 200-day simple moving average is $39.50. The company has a market capitalization of $1.18 billion, a PE ratio of 24.48 and a beta of 1.85. XPEL, Inc. has a 12-month low of $30.75 and a 12-month high of $60.49.

XPEL (NASDAQ:XPEL) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $112.85 million during the quarter, compared to analysts’ expectations of $114.59 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 EPS. Equities analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current year.

Institutional Investors Weigh In On XPEL

A number of large investors have recently made changes to their positions in XPEL. Wasatch Advisors LP lifted its stake in XPEL by 4.5% in the third quarter. Wasatch Advisors LP now owns 3,932,402 shares of the company’s stock worth $170,548,000 after acquiring an additional 170,265 shares during the period. Vanguard Group Inc. lifted its holdings 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 period. Capital World Investors grew its holdings in shares of XPEL by 14.7% during the 1st quarter. Capital World Investors now owns 1,036,709 shares of the company’s stock worth $56,003,000 after acquiring an additional 133,182 shares during the period. State Street Corp raised its position in shares of XPEL by 4.0% in the 3rd quarter. State Street Corp now owns 842,141 shares of the company’s stock worth $36,524,000 after acquiring an additional 32,188 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of XPEL by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 571,880 shares of the company’s stock valued at $24,807,000 after purchasing an additional 25,526 shares during the period. 75.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About XPEL

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.