Caesarstone (NASDAQ:CSTE) Director David Vincent Cullen Sells 7,025 Shares of Stock

Caesarstone Ltd. (NASDAQ:CSTE) Director David Vincent Cullen sold 7,025 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $1.57, for a total value of $11,029.25. Following the sale, the director directly owned 675 shares in the company, valued at $1,059.75. This trade represents a 91.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Caesarstone Price Performance

Caesarstone stock opened at $1.76 on Friday. Caesarstone Ltd. has a one year low of $0.56 and a one year high of $2.58. The stock has a market capitalization of $60.84 million, a PE ratio of -0.42 and a beta of 0.23. The business’s fifty day moving average is $1.31 and its 200 day moving average is $1.54.

Caesarstone (NASDAQ:CSTE) last released its quarterly earnings data on Thursday, May 14th. The construction company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.03. The company had revenue of $88.71 million for the quarter, compared to analysts’ expectations of $97.80 million. Caesarstone had a negative return on equity of 29.41% and a negative net margin of 37.70%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Caesarstone from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Caesarstone

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in Caesarstone during the 4th quarter valued at approximately $30,000. Pitcairn Co. bought a new stake in Caesarstone during the 2nd quarter valued at approximately $31,000. Qube Research & Technologies Ltd bought a new stake in Caesarstone during the 2nd quarter valued at approximately $56,000. GSA Capital Partners LLP bought a new stake in Caesarstone during the 3rd quarter valued at approximately $89,000. Finally, Citadel Advisors LLC raised its stake in Caesarstone by 163.7% during the 3rd quarter. Citadel Advisors LLC now owns 63,589 shares of the construction company’s stock valued at $101,000 after purchasing an additional 39,474 shares during the period. Institutional investors own 33.70% of the company’s stock.

About Caesarstone

Caesarstone Ltd. is an Israel-based manufacturer specializing in engineered quartz surfaces for residential and commercial applications. The company’s core business centers on the design, production and marketing of quartz slabs and tiles used for kitchen countertops, bathroom vanities, flooring and wall cladding. Caesarstone’s products combine natural quartz with resins and pigments to deliver durable, low-maintenance surfaces known for their aesthetic versatility and resistance to scratches, stains and heat.

Founded in 1987 and headquartered at Kibbutz Sdot Yam, Israel, Caesarstone has grown into a global brand with distribution in over 50 countries.