XPEL (NASDAQ:XPEL) is trading down 5.3% on insider selling

XPEL, Inc. (NASDAQ:XPEL) stock price fell 5.3% in Monday’s trading session following insider selling activity. The stock traded as low as $59.19 and last traded at $59.29. 2,486 shares were traded at midday, down 99% from the average session volume of 179,200 shares. The stock previously closed at $62.62. Specifically, director Richard K. Crumly sold 19,600 XPEL shares in a trade that took place on Monday, December 6. The shares were sold at an average price of $64.97, for a total value of $1,273,412.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, director Richard K. Crumly sold 17,400 XPEL shares in a trade that took place on Wednesday, December 1. The shares were sold at an average price of $71.62, for a total transaction of $1,246,188.00. The disclosure of this sale can be found here. Insiders sold 257,800 shares of the company valued at $17,066,660 in the past 90 days. Insiders of the company hold 35.60% of the shares of the company.

Separately, Zacks Investment Research downgraded shares of XPEL from a “buy” rating to a “hold” rating in a Thursday, Jan. 13, report.

The company’s 50-day moving average is $65.76 and its 200-day moving average is $73.84. The stock has a market capitalization of $1.63 billion, a PE ratio of 54.74 and a beta of 2.13.

XPEL (NASDAQ:XPEL) last reported quarterly earnings data on Tuesday, November 9. The company reported EPS of $0.32 for the quarter, beating the Zacks consensus estimate of $0.31 by $0.01. The company posted revenue of $68.53 million in the quarter, versus a consensus estimate of $64.04 million. XPEL had a net margin of 13.23% and a return on equity of 48.84%. During the same quarter of the previous year, the company achieved EPS of $0.24. Equity research analysts expect XPEL, Inc. to post EPS of 1.23 for the current fiscal year.

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Several large investors have recently bought and sold shares of XPEL. Macquarie Group Ltd. increased its stake in XPEL shares by 199.5% during the 3rd quarter. Macquarie Group Ltd. now owns 647 shares of the company worth $49,000 after purchasing an additional 431 shares during the period. FORA Capital LLC acquired a new position in shares of XPEL during the 2nd quarter at a value of $84,000. Amundi acquired a new position in shares of XPEL during the 2nd quarter with a value of $86,000. Zurcher Kantonalbank Zurcher Kantonalbank increased its stake in XPEL by 192.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,240 shares of the company valued at $153,000 after acquiring 1,473 additional shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in XPEL in Q3 valued at approximately $202,000. 34.13% of the shares are currently held by institutional investors and hedge funds.

About XPEL (NASDAQ:XPEL)

XPEL, Inc. engages in the manufacture and distribution of automotive products. It offers paint protection films, automotive films and flat window films and tracers. The company was founded on October 14, 2003 and is based in San Antonio, TX.

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