Intelligent Protection Management Corp. (NASDAQ:IPM – Get Free Report) major shareholder Adam Katz 2012 Revocable Trust bought 19,309 shares of the stock in a transaction dated Friday, April 10th. The stock was bought at an average cost of $1.79 per share, with a total value of $34,563.11. Following the purchase, the insider owned 1,000,000 shares in the company, valued at $1,790,000. The trade was a 1.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 bought at an average cost of $1.79 per share, with a total value 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 bought at an average cost of $1.80 per share, with a total value of $35,911.80.
- On Tuesday, April 7th, Adam Katz 2012 Revocable Trust bought 21,512 shares of Intelligent Protection Management stock. The stock was bought at an average cost of $1.80 per share, with a total value of $38,721.60.
Intelligent Protection Management Price Performance
NASDAQ:IPM traded up $0.01 during mid-day trading on Tuesday, reaching $1.81. 48,595 shares of the company’s stock traded hands, compared to its average volume of 79,619. Intelligent Protection Management Corp. has a 12-month low of $1.46 and a 12-month high of $2.88. The firm has a market capitalization of $16.36 million, a price-to-earnings ratio of -6.96 and a beta of 0.45. The company has a 50 day moving average price of $1.81 and a 200-day moving average price of $1.78.
Institutional Trading of Intelligent Protection Management
A number of hedge funds have recently made changes to their positions in IPM. Virtu Financial LLC bought a new stake in shares of Intelligent Protection Management in the 3rd quarter worth approximately $43,000. Renaissance Technologies LLC boosted its position in shares of 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. Finally, XTX Topco Ltd bought a new stake in shares of Intelligent Protection Management in the 4th quarter worth approximately $28,000. 3.88% of the stock is owned by institutional investors.
About Intelligent Protection Management
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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