Shares of CISO Global, Inc. (NASDAQ:CISO – Get Free Report) shot up 13.5% during mid-day trading on Tuesday . The company traded as high as $0.2999 and last traded at $0.2925. 4,663,757 shares were traded during trading, an increase of 232% from the average session volume of 1,404,061 shares. The stock had previously closed at $0.2577.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.
View Our Latest Research Report on CISO
CISO Global Stock Performance
CISO Global (NASDAQ:CISO – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.05) by $1.01. The business had revenue of $6.22 million for the quarter, compared to analysts’ expectations of $12.92 million. CISO Global had a negative return on equity of 32.61% and a negative net margin of 16.69%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of CISO Global in the 2nd quarter worth about $37,000. Virtu Financial LLC purchased a new position in CISO Global during the 3rd quarter valued at about $58,000. Geode Capital Management LLC increased its holdings in CISO Global by 26.7% during the 4th quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock valued at $172,000 after acquiring an additional 75,367 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in CISO Global during the second quarter worth about $94,000. Hedge funds and other institutional investors own 40.08% of the company’s stock.
About CISO Global
CISO Global, Inc (NASDAQ: CISO) is a cybersecurity and risk management firm that delivers a comprehensive suite of services designed to strengthen organizational defenses and ensure regulatory compliance. The company’s core offerings include managed security services, threat monitoring, incident response, vulnerability assessments and penetration testing. By integrating advanced analytics, automated tooling and human expertise, CISO Global aims to protect enterprises from evolving cyber threats while maintaining the integrity of critical systems and data.
In addition to its managed security platform, CISO Global provides advisory and consulting services that cover risk and compliance management, governance framework development, security policy design and third-party risk assessments.
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