Insider Buying: Intelligent Protection Management (NASDAQ:IPM) CEO Acquires 10,000 Shares of Stock

Intelligent Protection Management Corp. (NASDAQ:IPM – Get Free Report) CEO Jason Katz bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $1.97 per share, with a total value of $19,700.00. Following the purchase, the chief executive officer owned 667,803 shares in the company, valued at $1,315,571.91. This trade represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Intelligent Protection Management Price Performance

Shares of NASDAQ:IPM opened at $1.99 on Tuesday. The business has a 50 day moving average price of $1.77 and a 200 day moving average price of $1.78. Intelligent Protection Management Corp. has a twelve month low of $1.46 and a twelve month high of $2.88. The company has a market cap of $17.99 million, a price-to-earnings ratio of -7.65 and a beta of 0.45.

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Intelligent Protection Management (NASDAQ:IPM – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter. Intelligent Protection Management had a negative net margin of 14.01% and a negative return on equity of 18.44%. The business had revenue of $6.35 million for the quarter.

Institutional Trading of Intelligent Protection Management

Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in Intelligent Protection Management during the 4th quarter valued at approximately $28,000. Virtu Financial LLC bought a new stake in shares of Intelligent Protection Management in the 3rd quarter worth approximately $43,000. Finally, Renaissance Technologies LLC lifted 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 acquiring an additional 18,400 shares during the period. Institutional investors own 3.88% of the company’s stock.

About Intelligent Protection Management

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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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