Intelligent Protection Management Corp. (NASDAQ:IPM – Get Free Report) major shareholder Adam Katz 2012 Revocable Trust purchased 19,951 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was purchased at an average cost of $1.80 per share, for a total transaction of $35,911.80. Following the purchase, the insider directly owned 978,491 shares in the company, valued at approximately $1,761,283.80. This trade represents a 2.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% 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 Friday, April 10th, Adam Katz 2012 Revocable Trust purchased 19,309 shares of Intelligent Protection Management stock. The stock was purchased at an average cost of $1.79 per share, for a total transaction of $34,563.11.
- On Thursday, April 9th, Adam Katz 2012 Revocable Trust purchased 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 Tuesday, April 7th, Adam Katz 2012 Revocable Trust purchased 21,512 shares of Intelligent Protection Management stock. The stock was purchased at an average cost of $1.80 per share, for a total transaction of $38,721.60.
Intelligent Protection Management Price Performance
IPM opened at $1.81 on Wednesday. The business’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $1.78. Intelligent Protection Management Corp. has a 1 year low of $1.46 and a 1 year high of $2.88. The company has a market capitalization of $16.36 million, a price-to-earnings ratio of -6.96 and a beta of 0.45.
Hedge Funds Weigh In On Intelligent Protection Management
Several hedge funds have recently modified their holdings of IPM. Virtu Financial LLC bought a new position in shares of Intelligent Protection Management in the 3rd quarter valued at about $43,000. Renaissance Technologies LLC grew its holdings 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 valued at $95,000 after acquiring an additional 18,400 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Intelligent Protection Management in the 4th quarter valued at about $28,000. Institutional investors own 3.88% of the company’s stock.
Intelligent Protection Management Company Profile
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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