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 stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 50,008 shares of the company’s stock, valued at $2,150,344. This represents a 9.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

XPEL Price Performance

XPEL opened at $42.52 on Wednesday. XPEL, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $60.49. The firm’s fifty day moving average price is $42.44 and its two-hundred day moving average price is $39.57. The company has a market capitalization of $1.18 billion, a P/E ratio of 24.30 and a beta of 1.85.

XPEL (NASDAQ:XPEL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $112.85 million for the quarter, compared to the consensus estimate of $114.59 million. XPEL had a net margin of 11.61% and a return on equity of 24.68%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. On average, equities research analysts expect that XPEL, Inc. will post 1.73 EPS for the current fiscal year.

Institutional Trading of XPEL

A number of large investors have recently bought and sold shares of the business. Wasatch Advisors LP boosted its position in XPEL by 4.5% during the 3rd 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 last quarter. Vanguard Group Inc. raised its stake in XPEL by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,497,929 shares of the company’s stock valued at $80,918,000 after acquiring an additional 22,180 shares during the period. Capital World Investors increased its position in 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 buying an additional 133,182 shares during the period. State Street Corp increased its position in XPEL by 4.0% during the 3rd quarter. State Street Corp now owns 842,141 shares of the company’s stock worth $36,524,000 after buying an additional 32,188 shares during the period. Finally, Geode Capital Management LLC increased its position in XPEL by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 571,880 shares of the company’s stock worth $24,807,000 after buying an additional 25,526 shares during the period. 75.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.