Key Points
- Major shareholder Adam Katz 2012 Revocable Trust bought 21,512 shares of Intelligent Protection Management at $1.80 each, a transaction worth about $38,722. The purchase increased its stake by 2.30% to 958,540 shares.
- The trust also made several recent buys on April 8, 9, and 10, adding more shares at around $1.79 to $1.80 per share. Together, the insider activity points to continued accumulation of IPM stock.
- Intelligent Protection Management stock was up 0.6% and last traded at $1.81, near its 50-day and 200-day moving averages. The company recently reported a quarterly loss of $0.05 per share on revenue of $6.35 million.
Intelligent Protection Management Corp. (NASDAQ:IPM - Get Free Report) major shareholder Adam Katz 2012 Revocable Trust bought 19,309 shares of Intelligent Protection Management stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average cost of $1.79 per share, for a total transaction of $34,563.11. Following the acquisition, the insider owned 1,000,000 shares of the company's stock, valued at $1,790,000. This represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.
Adam Katz 2012 Revocable Trust also recently made the following trade(s):
- On Thursday, April 9th, Adam Katz 2012 Revocable Trust bought 2,200 shares of Intelligent Protection Management stock. The stock was purchased at an average cost of $1.79 per share, for a total transaction of $3,938.00.
- On Wednesday, April 8th, Adam Katz 2012 Revocable Trust bought 19,951 shares of Intelligent Protection Management stock. The stock was purchased at an average cost of $1.80 per share, for a total transaction of $35,911.80.
- On Tuesday, April 7th, Adam Katz 2012 Revocable Trust purchased 21,512 shares of Intelligent Protection Management stock. The stock was bought at an average price of $1.80 per share, for a total transaction of $38,721.60.
Intelligent Protection Management Stock Up 0.6%
Shares of Intelligent Protection Management stock opened at $1.81 on Wednesday. The firm has a market capitalization of $16.36 million, a P/E ratio of -6.96 and a beta of 0.45. Intelligent Protection Management Corp. has a 52 week low of $1.46 and a 52 week high of $2.88. The firm's 50 day moving average is $1.82 and its two-hundred day moving average is $1.78.
Intelligent Protection Management (NASDAQ:IPM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter. The company had revenue of $6.35 million during the quarter. Intelligent Protection Management had a negative net margin of 14.01% and a negative return on equity of 18.44%.
Hedge Funds Weigh In On Intelligent Protection Management
Hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Intelligent Protection Management in the fourth quarter valued at approximately $28,000. Virtu Financial LLC purchased a new position in Intelligent Protection Management in the third quarter valued at approximately $43,000. Finally, Renaissance Technologies LLC increased its stake in Intelligent Protection Management by 50.1% in the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company's stock valued at $95,000 after purchasing an additional 18,400 shares during the last quarter. 3.88% of the stock is currently owned by hedge funds and other institutional investors.
About Intelligent Protection Management
(
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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