Kathmere Capital Management LLC Trims Stock Position in Upexi, Inc. $UPXI

Kathmere Capital Management LLC cut its stake in Upexi, Inc. (NASDAQ:UPXI) by 80.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,983 shares of the company’s stock after selling 1,775,000 shares during the quarter. Kathmere Capital Management LLC owned about 0.71% of Upexi worth $2,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UPXI. North Star Investment Management Corp. bought a new position in Upexi in the second quarter worth about $45,000. Geode Capital Management LLC purchased a new position in shares of Upexi during the 2nd quarter worth approximately $1,002,000. NewGen Equity Long Short Fund bought a new position in shares of Upexi in the 2nd quarter worth approximately $1,720,000. XTX Topco Ltd bought a new position in shares of Upexi in the 2nd quarter worth approximately $249,000. Finally, Millington Financial Advisors LLC purchased a new position in shares of Upexi in the 2nd quarter valued at approximately $60,000. 5.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Upexi

In other Upexi news, CEO Allan Marshall bought 100,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were acquired at an average cost of $2.07 per share, for a total transaction of $207,000.00. Following the purchase, the chief executive officer owned 3,946,261 shares in the company, valued at approximately $8,168,760.27. This trade represents a 2.60% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gene Salkind bought 100,000 shares of Upexi stock in a transaction on Monday, November 17th. The stock was acquired at an average cost of $2.65 per share, with a total value of $265,000.00. Following the acquisition, the director owned 569,470 shares in the company, valued at approximately $1,509,095.50. This represents a 21.30% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 350,000 shares of company stock worth $793,000. Insiders own 4.42% of the company’s stock.

Upexi Stock Up 18.8%

Shares of NASDAQ:UPXI opened at $2.27 on Tuesday. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $2.72 and a two-hundred day simple moving average of $4.84. Upexi, Inc. has a 12-month low of $1.67 and a 12-month high of $22.57. The stock has a market capitalization of $143.49 million, a price-to-earnings ratio of -0.54 and a beta of -0.48.

Upexi (NASDAQ:UPXI) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The company had revenue of $9.24 million for the quarter, compared to the consensus estimate of $7.33 million. Upexi had a net margin of 264.25% and a negative return on equity of 30.42%.

Upexi announced that its board has approved a stock repurchase program on Thursday, November 13th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 25.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

UPXI has been the topic of several recent research reports. Wall Street Zen cut Upexi from a “hold” rating to a “sell” rating in a research note on Saturday. Cantor Fitzgerald dropped their target price on shares of Upexi from $16.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Upexi in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.50.

Upexi Company Profile

Upexi (NASDAQ: UPXI) is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company’s expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.