Intelligent Protection Management (NASDAQ:IPM) Major Shareholder Purchases $34,563.11 in Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust purchased 19,309 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average cost of $1.79 per share, with a total value of $34,563.11. Following the completion of the transaction, the insider directly owned 1,000,000 shares of the company’s stock, valued at $1,790,000. The trade was a 1.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Adam Katz 2012 Revocable Trust also recently made the following trade(s):

• On Thursday, April 9th, Adam Katz 2012 Revocable Trust purchased 2,200 shares of Intelligent Protection Management stock. The shares were acquired at an average cost of $1.79 per share, with a total value of $3,938.00.
• On Wednesday, April 8th, Adam Katz 2012 Revocable Trust bought 19,951 shares of Intelligent Protection Management stock. The stock was purchased at an average cost of $1.80 per share, with a total value of $35,911.80.
• On Tuesday, April 7th, Adam Katz 2012 Revocable Trust purchased 21,512 shares of Intelligent Protection Management stock. The stock was bought at an average price of $1.80 per share, with a total value of $38,721.60.

Intelligent Protection Management Trading Up 0.6%

Shares of NASDAQ IPM traded up $0.01 during mid-day trading on Tuesday, hitting $1.81. The company had a trading volume of 48,595 shares, compared to its average volume of 79,619. The company has a market capitalization of $16.36 million, a price-to-earnings ratio of -6.96 and a beta of 0.45. Intelligent Protection Management Corp. has a 1 year low of $1.46 and a 1 year high of $2.88. The stock’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.78.

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

Institutional Investors Weigh In On Intelligent Protection Management

A number of hedge funds and other institutional investors have recently modified their holdings of IPM. XTX Topco Ltd bought a new stake in shares of Intelligent Protection Management in the 4th quarter valued at about $28,000. Virtu Financial LLC bought a new stake in shares of Intelligent Protection Management in the 3rd quarter valued at about $43,000. Finally, Renaissance Technologies LLC lifted its stake 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 during the last quarter. 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.