Key Points
- CEO Jason Katz bought 10,000 shares of Intelligent Protection Management at an average price of $1.97 per share, a transaction worth $19,700. After the purchase, he owned 667,803 shares, increasing his stake by 1.52%.
- The company recently reported quarterly EPS of -$0.05 on $6.35 million in revenue, with a negative net margin and negative return on equity. Its stock opened at $1.92 and remains below its 52-week high of $2.88.
- Institutional interest has been mixed but notable, with firms like Renaissance Technologies increasing holdings while others initiated smaller positions. Overall, institutional investors and hedge funds own 3.88% of the company.
Intelligent Protection Management Corp. (NASDAQ:IPM - Get Free Report) CEO Jason Katz purchased 10,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $1.97 per share, with a total value of $19,700.00. Following the acquisition, the chief executive officer directly owned 667,803 shares in the company, valued at $1,315,571.91. This represents a 1.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Intelligent Protection Management Stock Performance
Intelligent Protection Management stock opened at $1.92 on Wednesday. Intelligent Protection Management Corp. has a 52 week low of $1.46 and a 52 week high of $2.88. The stock has a market capitalization of $17.35 million, a P/E ratio of -7.38 and a beta of 0.45. The stock has a fifty day moving average of $1.77 and a 200-day moving average of $1.78.
Intelligent Protection Management (NASDAQ:IPM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter. Intelligent Protection Management had a negative return on equity of 18.44% and a negative net margin of 14.01%.The business had revenue of $6.35 million for the quarter.
Hedge Funds Weigh In On Intelligent Protection Management
Institutional investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of Intelligent Protection Management during the 4th quarter worth $28,000. Virtu Financial LLC acquired a new position in Intelligent Protection Management in the 3rd quarter worth about $43,000. Finally, Renaissance Technologies LLC increased its holdings in Intelligent Protection Management by 50.1% in the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company's stock worth $95,000 after purchasing an additional 18,400 shares in the last quarter. Institutional investors and hedge funds own 3.88% of the company's stock.
Intelligent Protection Management Company Profile
(
Get Free Report)
Intelligent Protection Management Corp. engages in the development of communications software to enhance security and privacy solutions for multimedia communication and data transmission. Its solutions include blockchain strategy consulting, blockchain implementation, white label video solutions, and technology licensing. The firm's product portfolio includes Paltalk and Camfrog. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in Jericho, NY.
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