Key Points
- Director Ragula Bhaskar purchased 20,000 shares at $1.45 each for $29,000, increasing his stake to 2,305,766 shares (about a 0.87% ownership boost), as disclosed in an SEC filing.
- Shares were trading down about 8%, opening at $1.73 with a 50-day moving average of $1.81 and a 12‑month range of $1.31–$23.27; the company has a market cap of roughly $24.1 million and a P/E of about 24.7.
- Renaissance Technologies bought 25,300 shares (~$51,000) and held 0.18% of the stock, while analyst coverage is split (one Buy, one Sell) with a consensus rating of "Hold" and an $8 price target.
Fatpipe Inc/UT (NASDAQ:FATN - Get Free Report) Director Ragula Bhaskar bought 20,000 shares of the company's stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $1.45 per share, for a total transaction of $29,000.00. Following the acquisition, the director directly owned 2,305,766 shares of the company's stock, valued at approximately $3,343,360.70. This represents a 0.87% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Fatpipe Inc/UT Trading Down 8.0%
Shares of Fatpipe Inc/UT stock opened at $1.73 on Thursday. The stock's fifty day moving average is $1.81. Fatpipe Inc/UT has a 12-month low of $1.31 and a 12-month high of $23.27. The company has a market capitalization of $24.08 million and a P/E ratio of 24.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.74 and a quick ratio of 2.69.
Fatpipe Inc/UT (NASDAQ:FATN - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.02 earnings per share for the quarter. The company had revenue of $4.09 million for the quarter.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on FATN shares. D. Boral Capital began coverage on shares of Fatpipe Inc/UT in a research report on Monday. They set a "buy" rating and a $8.00 price target on the stock. Weiss Ratings began coverage on shares of Fatpipe Inc/UT in a research report on Tuesday, January 27th. They issued a "sell (d-)" rating for the company. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $8.00.
Get Our Latest Stock Report on Fatpipe Inc/UT
Institutional Investors Weigh In On Fatpipe Inc/UT
An institutional investor recently bought a new position in Fatpipe Inc/UT stock. Renaissance Technologies LLC bought a new position in shares of Fatpipe Inc/UT (NASDAQ:FATN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 25,300 shares of the company's stock, valued at approximately $51,000. Renaissance Technologies LLC owned 0.18% of Fatpipe Inc/UT at the end of the most recent reporting period.
Fatpipe Inc/UT Company Profile
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Get Free Report)
FatPipe is a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Organizations, large and small, have become increasingly dependent on their information technology (“IT”) network infrastructure for data access and communications, and the critical importance of network reliability, extensibility, and durability has continued to grow as the volume of traffic across those networks expands.
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