Key Points
- CEO Peter Holst purchased 10,000 shares at $1.84 on Nov. 14 for $18,400, increasing his stake to 10,544 shares — a reported 1,838% rise in his position.
- Oblong reported a ($0.74) EPS"Sell".
- Several funds (including Citadel, Two Sigma and Virtu) purchased small new stakes in Q3, but institutional ownership remains low at approximately 1.98%.
Oblong, Inc. (NASDAQ:OBLG - Get Free Report) CEO Peter Holst bought 10,000 shares of the business's stock in a transaction on Friday, November 14th. The stock was bought at an average price of $1.84 per share, for a total transaction of $18,400.00. Following the completion of the purchase, the chief executive officer directly owned 10,544 shares of the company's stock, valued at $19,400.96. The trade was a 1,838.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Oblong Stock Down 4.1%
Oblong stock opened at $1.86 on Tuesday. Oblong, Inc. has a one year low of $1.76 and a one year high of $5.50. The business's 50-day moving average price is $2.72. The company has a market capitalization of $5.97 million, a price-to-earnings ratio of -0.15 and a beta of 4.33.
Oblong (NASDAQ:OBLG - Get Free Report) last posted its earnings results on Thursday, November 13th. The company reported ($0.74) earnings per share (EPS) for the quarter. Oblong had a negative net margin of 135.92% and a negative return on equity of 55.01%. The firm had revenue of $0.60 million for the quarter.
Institutional Investors Weigh In On Oblong
A number of large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Oblong in the 3rd quarter valued at approximately $56,000. Boothbay Fund Management LLC acquired a new stake in Oblong during the 3rd quarter valued at $120,000. Virtu Financial LLC purchased a new stake in shares of Oblong in the third quarter valued at $39,000. Two Sigma Investments LP purchased a new stake in shares of Oblong in the third quarter valued at $58,000. Finally, Fifth Lane Capital LP acquired a new stake in shares of Oblong in the third quarter worth $40,000. Institutional investors and hedge funds own 1.98% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on OBLG shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Oblong in a report on Friday, October 31st. Wall Street Zen raised Oblong from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Oblong has a consensus rating of "Sell".
Get Our Latest Stock Report on OBLG
Oblong Company Profile
(
Get Free Report)
Oblong Inc, together with its subsidiaries, provides multi-stream collaboration technologies and managed services for video collaboration and network applications in the United States and internationally. The company operates in two segments, Collaboration Products and Managed Services. Its flagship product is Mezzanine that enables visual collaboration across multi-users, multi-screens, multi-devices, and multi-locations for video telepresence, laptop and application sharing, and whiteboard sharing and slides applications.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
