Philip Falcone Sells 91,023 Shares of Inseego Corp. (INSG) Stock

Inseego Corp. (NASDAQ:INSG) Chairman Philip Falcone sold 91,023 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $1.33, for a total transaction of $121,060.59. Following the transaction, the chairman now owns 28,333 shares in the company, valued at approximately $37,682.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Inseego Corp. (NASDAQ:INSG) opened at $1.39 on Wednesday. The company has a debt-to-equity ratio of -2.59, a current ratio of 1.10 and a quick ratio of 0.78. Inseego Corp. has a 52-week low of $0.87 and a 52-week high of $3.23.

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An institutional investor recently raised its position in Inseego Corp. stock. Goldman Sachs Group Inc. raised its holdings in shares of Inseego Corp. (NASDAQ:INSG) by 2,239.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 696,502 shares of the technology company’s stock after purchasing an additional 666,732 shares during the period. Goldman Sachs Group Inc. owned 1.21% of Inseego Corp. worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission. 9.48% of the stock is owned by institutional investors.

Several brokerages recently issued reports on INSG. upped their price target on shares of Inseego Corp. from $1.50 to $1.75 and gave the stock a “hold” rating in a research report on Friday, November 3rd. upgraded shares of Inseego Corp. from a “strong sell” rating to a “hold” rating in a research report on Monday, October 16th. Finally, reiterated a “buy” rating and set a $2.00 price target on shares of Inseego Corp. in a research report on Sunday, October 1st.

Inseego Corp. Company Profile

Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.

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