Director of $CLS sells 25,000 shares in insider transaction

A recent insider transaction at $CLS caught the attention of investors, as Director Michael Max Wilson sold 25,000 shares on 01-06-2025 for a sum around $2,468,250, according to a recent SEC filing. This sale represents approximately 93.3% of Wilson’s holdings of this particular stock class, reducing his stake to 1,784 shares.

In the realm of hedge fund activity, there has been significant movement in positioning towards $CLS stock. Data shows that 366 institutional investors added shares to their portfolios, while 285 saw decreases in their holdings in the most recent quarter. Some notable shifts include WHALE ROCK CAPITAL MANAGEMENT LLC removing 2,227,099 shares, WELLINGTON MANAGEMENT GROUP LLP adding 1,636,240 shares, and BALYASNY ASSET MANAGEMENT L.P. removing 1,584,958 shares, among others.

Analyst reports on $CLS have been favorable, with 8 firms issuing buy ratings on the stock recently. Notable analyst ratings include an “Overweight” rating from JP Morgan, an “Outperform” rating from CICC, and “Buy” ratings from Canaccord Genuity and Argus Research, among others. It is worth keeping an eye on analyst forecasts and price targets for $CLS to stay informed on potential market movements.

Regarding price targets set for $CLS, several analysts have recently offered their targets, with a median target of $210.0 based on data from the past 6 months. Target prices range from $295.0 set by Samik Chatterjee from JP Morgan to $130.0 set by Thanos Moschopoulos from BMO Capital. These targets offer investors insight into potential valuation expectations for the stock.

Investors should note that this article is not intended as financial advice. For further information and disclosures, refer to Quiver Quantitative’s disclaimers. It is essential for investors to conduct thorough research and consider multiple factors before making investment decisions. Stay informed about company developments, insider transactions, hedge fund activity, analyst ratings, and price targets to make well-informed investment choices in the ever-changing market landscape.