Clearfield (CLFD)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	13.88 mm	13.88 mm	13.88 mm	13.88 mm	13.88 mm	13.88 mm
Cash burn (monthly)	2.54 mm	1.38 mm	608.00 k	(no burn)	20.00 k	(no burn)
Cash used (since last report)	3.75 mm	2.04 mm	898.26 k	n/a	29.55 k	n/a
Cash remaining	10.13 mm	11.84 mm	12.98 mm	n/a	13.85 mm	n/a
Runway (months of cash)	4.0	8.6	21.3	n/a	692.5	n/a

Beta Read what these cash burn values mean

Financial data from Clearfield earnings reports.

Institutional ownership, Q4 2024

CLFD institutional ownership history Ownership history

63.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	140	135	+3.7%
Opened positions	31	21	+47.6%
Closed positions	26	20	+30.0%
Increased positions	35	40	-12.5%
Reduced positions	42	42	–

13F shares	Current	Prev Q	Change
Total value	258.04 bn	342.61 bn	-24.7%
Total shares	8.83 mm	9.27 mm	-4.7%
Total puts	4.50 k	25.50 k	-82.4%
Total calls	39.30 k	68.70 k	-42.8%
Total put/call ratio	0.1	0.4	-69.2%

Largest owners	Shares	Value	Change
BLK BlackRock	1.04 mm	$32.23 bn	-0.9%
Vanguard	944.14 k	$29.27 bn	-1.1%
ACK Asset Management	720.00 k	$22.32 bn	+3.6%
Royce & Associates	478.81 k	$14.84 bn	+3.1%
Mairs & Power	419.21 k	$13.00 bn	+44.5%
Newtyn Management	417.57 k	$12.94 bn	0.0%
Dimensional Fund Advisors	322.38 k	$9.99 bn	+17.8%
STT State Street	307.44 k	$9.53 bn	+4.2%
Franklin Mutual Advisers	305.95 k	$0.00	0.0%
Geode Capital Management	283.77 k	$8.80 bn	-0.9%

Largest transactions	Shares	Bought/sold	Change
Boston Partners	0.00	-681.65 k	EXIT
G2 Investment Partners Management	0.00	-152.75 k	EXIT
Mairs & Power	419.21 k	+129.10 k	+44.5%
Tudor Investment Corp Et Al	51.42 k	+51.42 k	NEW
Crawford Fund Management	0.00	-50.99 k	EXIT
Drum Hill Capital	49.63 k	+49.63 k	NEW
Dimensional Fund Advisors	322.38 k	+48.73 k	+17.8%
Renaissance Technologies	42.30 k	+42.30 k	NEW
Punch & Associates Investment Management	256.00 k	+37.52 k	+17.2%
BAC Bank of America	19.36 k	-35.90 k	-65.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CLFD insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Dec 25	Herzog Daniel R	Common Stock (ESPP)	Grant	Acquire A	No	No	24.78	88	2.18 k	85,082
31 Dec 25	Hill John P	Common Stock (ESPP)	Grant	Acquire A	No	No	24.78	222	5.50 k	192,215
31 Dec 25	Beranek Cheryl	Common Stock (ESPP)	Grant	Acquire A	No	No	24.78	210	5.20 k	512,041
31 Dec 25	Anis Khemakhem	Common Stock (ESPP)	Grant	Acquire A	No	No	24.78	131	3.25 k	27,445
15 Dec 25	Ronald G Roth	Common Stock	Buy	Acquire P	No	No	30.06	10,000	300.60 k	1,279,264

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.