U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) Major Shareholder David Kanen Sells 199,400 Shares

U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) major shareholder David Kanen sold 199,400 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $8.87, for a total value of $1,768,678.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

David Kanen also recently made the following trade(s):

  • On Friday, June 26th, David Kanen sold 14,558 shares of U.S. Auto Parts Network stock. The shares were sold at an average price of $8.75, for a total value of $127,382.50.
  • On Monday, June 22nd, David Kanen sold 177,541 shares of U.S. Auto Parts Network stock. The stock was sold at an average price of $8.73, for a total transaction of $1,549,932.93.
  • On Wednesday, June 24th, David Kanen sold 320,854 shares of U.S. Auto Parts Network stock. The shares were sold at an average price of $8.83, for a total transaction of $2,833,140.82.
  • On Tuesday, June 16th, David Kanen sold 183,544 shares of U.S. Auto Parts Network stock. The stock was sold at an average price of $9.03, for a total transaction of $1,657,402.32.
  • On Friday, June 19th, David Kanen sold 623,551 shares of U.S. Auto Parts Network stock. The stock was sold at an average price of $8.86, for a total transaction of $5,524,661.86.
  • On Tuesday, June 9th, David Kanen sold 260,364 shares of U.S. Auto Parts Network stock. The stock was sold at an average price of $9.01, for a total transaction of $2,345,879.64.

Shares of U.S. Auto Parts Network stock opened at $8.66 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.32 and a current ratio of 1.05. U.S. Auto Parts Network, Inc. has a 52-week low of $1.01 and a 52-week high of $9.58. The company has a fifty day moving average of $7.23 and a 200-day moving average of $3.63. The stock has a market capitalization of $336.02 million, a price-to-earnings ratio of -10.69 and a beta of 2.52.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings results on Wednesday, May 6th. The specialty retailer reported ($0.03) earnings per share for the quarter. U.S. Auto Parts Network had a negative return on equity of 116.39% and a negative net margin of 9.86%. The business had revenue of $87.82 million during the quarter, compared to the consensus estimate of $85.95 million. On average, equities research analysts forecast that U.S. Auto Parts Network, Inc. will post -0.1 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in U.S. Auto Parts Network by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 120,236 shares of the specialty retailer’s stock valued at $264,000 after acquiring an additional 11,942 shares during the period. RBF Capital LLC lifted its position in U.S. Auto Parts Network by 14.2% in the first quarter. RBF Capital LLC now owns 354,000 shares of the specialty retailer’s stock valued at $620,000 after purchasing an additional 44,133 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of U.S. Auto Parts Network during the fourth quarter valued at approximately $945,000. Renaissance Technologies LLC boosted its stake in shares of U.S. Auto Parts Network by 7.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,571,439 shares of the specialty retailer’s stock valued at $3,457,000 after purchasing an additional 103,433 shares during the period. Finally, North Star Investment Management Corp. grew its holdings in shares of U.S. Auto Parts Network by 25.0% in the first quarter. North Star Investment Management Corp. now owns 3,145,842 shares of the specialty retailer’s stock worth $5,505,000 after purchasing an additional 630,022 shares during the last quarter. 28.91% of the stock is owned by institutional investors.

A number of research analysts recently commented on PRTS shares. ValuEngine raised U.S. Auto Parts Network from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Zacks Investment Research lowered U.S. Auto Parts Network from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Barrington Research raised their price objective on U.S. Auto Parts Network from $5.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th.

U.S. Auto Parts Network Company Profile

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

See Also: What is required to own or exchange cryptocurrency?

Insider Buying and Selling by Quarter for U.S. Auto Parts Network (NASDAQ:PRTS)

Receive News & Ratings for U.S. Auto Parts Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Auto Parts Network and related companies with MarketBeat.com's FREE daily email newsletter.