Sanctuary Advisors LLC Sells 244,932 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

Sanctuary Advisors LLC lowered its holdings in Rekor Systems, Inc. (NASDAQ:REKR) by 65.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,680 shares of the company’s stock after selling 244,932 shares during the period. Sanctuary Advisors LLC owned about 0.14% of Rekor Systems worth $154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of REKR. Geode Capital Management LLC boosted its holdings in shares of Rekor Systems by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,813,380 shares of the company’s stock worth $2,140,000 after buying an additional 94,907 shares during the last quarter. State Street Corp raised its position in Rekor Systems by 14.7% in the third quarter. State Street Corp now owns 1,514,044 shares of the company’s stock worth $1,787,000 after acquiring an additional 194,323 shares during the period. SG Americas Securities LLC boosted its stake in Rekor Systems by 3.2% in the third quarter. SG Americas Securities LLC now owns 693,941 shares of the company’s stock valued at $819,000 after acquiring an additional 21,517 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Rekor Systems during the 2nd quarter valued at approximately $363,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Rekor Systems by 1,513.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 190,730 shares of the company’s stock worth $296,000 after purchasing an additional 178,912 shares during the last quarter. Institutional investors own 45.71% of the company’s stock.

Rekor Systems Trading Up 43.1 %

Shares of REKR opened at $1.86 on Tuesday. Rekor Systems, Inc. has a fifty-two week low of $0.78 and a fifty-two week high of $3.92. The business has a 50-day moving average of $0.98 and a 200 day moving average of $1.26. The firm has a market cap of $174.51 million, a P/E ratio of -2.86 and a beta of 1.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76.

Analysts Set New Price Targets

Separately, William Blair reiterated an “outperform” rating on shares of Rekor Systems in a research note on Friday, November 15th.

Rekor Systems Company Profile

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.