Trade Report: The Focusrite PLC (TUNE) Insider Sold £262,500 in Stock

The Focusrite PLC (TUNE) Insider Sold £262,500 in Stock

Focusrite PLC (LON:TUNE) insider David Rollins Froker sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of GBX 175 ($2.19), for a total value of £262,500 ($327,961.02).

David Rollins Froker also recently made the following trade(s): On Thursday, November 24th, David Rollins Froker purchased 619,000 shares of Focusrite PLC stock. The shares were purchased at an average price of GBX 10 ($0.12) per share, with a total value of £61,900 ($77,336.33).

Focusrite PLC (LON:TUNE) opened at 188.50 on Monday. Focusrite PLC has a 1-year low of GBX 136.00 and a 1-year high of GBX 195.00. The firm’s market cap is GBX 100.75 million. The firm’s 50-day moving average price is GBX 168.34 and its 200-day moving average price is GBX 157.41.

The firm also recently declared a dividend, which will be paid on Wednesday, January 18th. Stockholders of record on Thursday, December 1st will be issued a GBX 1.30 ($0.02) dividend. This is a boost from Focusrite PLC’s previous dividend of $0.65. This represents a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, December 1st.

Separately, Panmure Gordon reissued a “buy” rating and set a GBX 223 ($2.79) price objective on shares of Focusrite PLC in a research note on Wednesday, September 14th.

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