Geode Capital Management LLC Acquires 94,907 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

Geode Capital Management LLC grew its stake in Rekor Systems, Inc. (NASDAQ:REKR) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,813,380 shares of the company’s stock after purchasing an additional 94,907 shares during the period. Geode Capital Management LLC owned approximately 2.05% of Rekor Systems worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in Rekor Systems by 1,513.9% in the second quarter. Bank of New York Mellon Corp now owns 190,730 shares of the company’s stock valued at $296,000 after acquiring an additional 178,912 shares during the period. Rhumbline Advisers bought a new stake in shares of Rekor Systems in the 2nd quarter worth about $94,000. Renaissance Technologies LLC acquired a new stake in shares of Rekor Systems during the 2nd quarter worth about $363,000. Sanctuary Advisors LLC bought a new position in Rekor Systems during the 2nd quarter valued at about $582,000. Finally, SG Americas Securities LLC lifted its holdings in Rekor Systems by 3.2% during the 3rd quarter. SG Americas Securities LLC now owns 693,941 shares of the company’s stock valued at $819,000 after purchasing an additional 21,517 shares during the last quarter. 45.71% of the stock is owned by institutional investors and hedge funds.

Rekor Systems Trading Down 5.4 %

REKR stock opened at $2.28 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.76 and a quick ratio of 0.63. The stock has a market capitalization of $213.92 million, a price-to-earnings ratio of -3.51 and a beta of 1.70. The business has a fifty day moving average price of $1.09 and a 200 day moving average price of $1.29. Rekor Systems, Inc. has a fifty-two week low of $0.78 and a fifty-two week high of $3.92.

Analyst Upgrades and Downgrades

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

Rekor Systems 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.