CISO Global (NASDAQ:CISO) Stock Price Down 3.3% – Should You Sell?

CISO Global, Inc. (NASDAQ:CISO) shares fell 3.3% during trading on Monday . The company traded as low as $0.25 and last traded at $0.2589. Approximately 74,358 shares were traded during trading, a decline of 42% from the average session volume of 127,674 shares. The stock had previously closed at $0.2676.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

CISO Global Stock Performance

The company’s 50 day simple moving average is $0.28 and its 200 day simple moving average is $0.33. The stock has a market cap of $11.78 million, a PE ratio of -1.08 and a beta of 1.74.

CISO Global (NASDAQ:CISO) last released its earnings results on Thursday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.05) by $1.01. The company had revenue of $6.22 million during the quarter, compared to analyst estimates of $12.92 million. CISO Global had a negative return on equity of 32.61% and a negative net margin of 16.69%.

Hedge Funds Weigh In On CISO Global

A number of hedge funds and other institutional investors have recently made changes to their positions in CISO. Geode Capital Management LLC increased its holdings in CISO Global by 280.8% during the second quarter. Geode Capital Management LLC now owns 228,690 shares of the company’s stock worth $263,000 after buying an additional 168,637 shares during the last quarter. XTX Topco Ltd purchased a new position in CISO Global in the second quarter valued at about $37,000. Jane Street Group LLC bought a new position in shares of CISO Global during the 2nd quarter valued at approximately $94,000. Finally, Virtu Financial LLC bought a new position in shares of CISO Global during the 3rd quarter valued at approximately $58,000. 40.08% of the stock is owned by hedge funds and other institutional investors.

CISO Global Company Profile

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.