Geode Capital Management LLC Has $2.14 Million Stake in Rekor Systems, Inc. (NASDAQ:REKR)

Geode Capital Management LLC lifted its stake in Rekor Systems, Inc. (NASDAQ:REKR) by 5.5% in the third quarter, HoldingsChannel.com reports. The firm owned 1,813,380 shares of the company’s stock after purchasing an additional 94,907 shares during the quarter. Geode Capital Management LLC’s holdings in Rekor Systems were worth $2,140,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of REKR. State Street Corp boosted its position in Rekor Systems by 14.7% in the 3rd quarter. State Street Corp now owns 1,514,044 shares of the company’s stock valued at $1,787,000 after buying an additional 194,323 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Rekor Systems in the second quarter valued at about $582,000. Renaissance Technologies LLC acquired a new stake in Rekor Systems in the second quarter worth about $363,000. Rhumbline Advisers bought a new stake in Rekor Systems during the 2nd quarter worth about $94,000. Finally, SG Americas Securities LLC lifted its position in Rekor Systems by 3.2% during the 3rd quarter. SG Americas Securities LLC now owns 693,941 shares of the company’s stock valued at $819,000 after purchasing an additional 21,517 shares during the period. Institutional investors own 45.71% of the company’s stock.

Rekor Systems Stock Performance

Shares of Rekor Systems stock opened at $2.28 on Wednesday. The firm has a fifty day moving average of $1.09 and a two-hundred day moving average of $1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76. The stock has a market capitalization of $213.92 million, a price-to-earnings ratio of -3.51 and a beta of 1.70. Rekor Systems, Inc. has a 52 week low of $0.78 and a 52 week high of $3.92.

Analyst Ratings Changes

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

Rekor Systems Company Profile

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.