TipRanksStock Market NewsVOXX NewsA Top Insider Just Increased His Appetite for VOXX Stock
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A Top Insider Just Increased His Appetite for VOXX Stock

Story Highlights

A top insider increasing his stake in the company hints at its promising future prospects.

In a filing with the Securities Exchange Commission (SEC), a top shareholder of VOXX International Corporation (NASDAQ: VOXX), Kahli Beat, revealed that he has increased his stake in the company.

Voxx International is a consumer electronics company, which is primarily focused on OEM and after-market automotive electronics, consumer electronics accessories, and consumer and commercial audio equipment.

Shares of the company declined 5.3% on Wednesday to close at $7.94.

Transaction Details

On May 31, Beat, who is a Director at VOXX International and owns more than a 10% stake in the company, bought 10,000 shares at an average price of $8.36 per share. Following the transaction, the director now owns 4,475,001 shares of the company worth roughly $37.4 million.

On May 23, the top shareholder of VOXX International bought 19,855 shares of the company at an average price of $7.49 per share. On May 24, he bought 20,145 shares at a per-share price of $7.41.

Between May 21 and May 31, Beat bought a total of 85,001 shares of the company, including the ones that were purchased on May 31.

Stock Rating

Last month, D.A. Davidson analyst Tom Forte reiterated a Hold rating on the stock with a price target of $20 (151.9% upside potential). Shares of the company have declined 48.9% over the past year.

Insiders on TipRanks

TipRanks’ Insider Trading Activity tool shows that Insider Confidence Signal is currently Positive on VOXX, as Corporate Insiders have bought shares worth $947,700 in the last three months.


A key insider like Kahli Beat loading up on VOXX stock conveys that the company’s fundamentals are solid, and it is well-positioned for growth.

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