Moloney Securities Asset Management LLC Sells 26,942 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

Moloney Securities Asset Management LLC trimmed its stake in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,652 shares of the company’s stock after selling 26,942 shares during the quarter. Moloney Securities Asset Management LLC owned approximately 0.13% of Rekor Systems worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in REKR. LexAurum Advisors LLC bought a new position in Rekor Systems during the 3rd quarter worth approximately $39,000. BNP Paribas Financial Markets lifted its holdings in Rekor Systems by 38.3% in the third quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company’s stock valued at $40,000 after buying an additional 9,494 shares during the period. Virtu Financial LLC bought a new stake in Rekor Systems during the third quarter valued at $41,000. Pure Portfolios Holdings LLC bought a new stake in Rekor Systems during the third quarter valued at $43,000. Finally, Barclays PLC grew its holdings in Rekor Systems by 332.0% during the 3rd quarter. Barclays PLC now owns 104,427 shares of the company’s stock worth $123,000 after acquiring an additional 80,255 shares during the period. 45.71% of the stock is owned by institutional investors and hedge funds.

Rekor Systems Stock Performance

Shares of REKR stock opened at $2.03 on Wednesday. The firm has a 50 day moving average of $1.49 and a 200-day moving average of $1.31. The company has a market cap of $190.45 million, a price-to-earnings ratio of -3.12 and a beta of 1.75. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.37. Rekor Systems, Inc. has a 52 week low of $0.78 and a 52 week high of $2.79.

Wall Street Analyst Weigh In

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

About Rekor Systems

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.