Swarmer Inc’s (NASDAQ:SWMR) Lock-Up Period Set To End on September 14th

Swarmer’s (NASDAQ:SWMR) lock-up period will expire on Monday, September 14th. Swarmer had issued 3,000,000 shares in its IPO on March 17th. The total size of the offering was $15,000,000 based on an initial share price of $5.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

SWMR has been the subject of a number of research reports. Wall Street Zen lowered Swarmer from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded shares of Swarmer from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Swarmer Trading Down 1.2%

Shares of Swarmer stock opened at $31.85 on Wednesday. The firm has a 50 day moving average of $38.94. Swarmer has a fifty-two week low of $11.25 and a fifty-two week high of $83.30. The firm has a market capitalization of $507.69 million and a price-to-earnings ratio of -43.63.

Swarmer (NASDAQ:SWMR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.45) EPS for the quarter. The business had revenue of $0.22 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Swarmer stock. IFP Advisors Inc purchased a new position in shares of Swarmer Inc (NASDAQ:SWMR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 936 shares of the company’s stock, valued at approximately $41,000.

About Swarmer

We are launching the future of autonomous warfare through combat-proven software that enables military forces to deploy and coordinate drone swarms at significant scale. While hardware manufacturers compete and as the go-to in an increasingly commoditized market, we seek to establish ourself as a critical software layer operating system for autonomous swarm operations positioning us to capture increased value as the global military drone market experiences growth projected to exceed 12% compound annual growth through 2030.