Fatpipe Inc/UT (NASDAQ:FATN) Coverage Initiated by Analysts at Northland Securities

Analysts at Northland Securities initiated coverage on shares of Fatpipe Inc/UT (NASDAQ:FATNGet Free Report) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set an “outperform” rating and a $12.00 price target on the stock. Northland Securities’ target price would indicate a potential upside of 247.83% from the company’s current price.

FATN has been the subject of several other research reports. Weiss Ratings raised Fatpipe Inc/UT from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday. D. Boral Capital reaffirmed a “buy” rating and set a $8.00 target price on shares of Fatpipe Inc/UT in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.00.

View Our Latest Analysis on Fatpipe Inc/UT

Fatpipe Inc/UT Stock Performance

Shares of FATN traded up $0.30 during mid-day trading on Monday, reaching $3.45. 205,467 shares of the company were exchanged, compared to its average volume of 1,600,189. The stock has a 50 day simple moving average of $2.07. Fatpipe Inc/UT has a 52 week low of $1.31 and a 52 week high of $12.38. The company has a market capitalization of $48.02 million and a PE ratio of 49.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.74 and a quick ratio of 2.69.

Insider Buying and Selling

In other Fatpipe Inc/UT news, Director Ragula Bhaskar bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $1.45 per share, with a total value of $29,000.00. Following the completion of the purchase, the director directly owned 2,305,766 shares of the company’s stock, valued at approximately $3,343,360.70. This trade represents a 0.87% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Fatpipe Inc/UT

An institutional investor recently bought a new position in Fatpipe Inc/UT stock. Renaissance Technologies LLC acquired a new stake in Fatpipe Inc/UT (NASDAQ:FATNFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,300 shares of the company’s stock, valued at approximately $51,000. Renaissance Technologies LLC owned 0.18% of Fatpipe Inc/UT as of its most recent filing with the Securities & Exchange Commission.

Fatpipe Inc/UT Company Profile

(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.

Further Reading

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