Sierra Wireless (SW) Shares Down 2.6%

Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) fell 2.6% during trading on Friday . The stock traded as low as C$28.35 and last traded at C$29.14. 142,433 shares traded hands during trading, an increase of 34% from the average session volume of 106,579 shares. The stock had previously closed at C$28.41.

Several research analysts have issued reports on SW shares. Raymond James Financial upgraded Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 price objective for the company in a research report on Monday. TD Securities cut their price objective on Sierra Wireless to C$36.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$31.60.

In other Sierra Wireless news, insider Bill Gary Dodson sold 1,203 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of C$26.00, for a total value of C$31,278.00. Also, Director Jason W. Cohenour sold 5,649 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of C$19.03, for a total value of C$107,500.47. Insiders sold 13,250 shares of company stock worth $272,917 in the last three months.

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About Sierra Wireless

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

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