Adam Katz 2012 Revocable Trust Buys 19,951 Shares of Intelligent Protection Management (NASDAQ:IPM) Stock

Intelligent Protection Management Corp. (NASDAQ:IPMGet Free Report) major shareholder Adam Katz 2012 Revocable Trust purchased 19,951 shares of Intelligent Protection Management stock in a transaction dated Wednesday, April 8th. The stock was bought at an average cost of $1.80 per share, for a total transaction of $35,911.80. Following the completion of the purchase, the insider directly owned 978,491 shares in the company, valued at approximately $1,761,283.80. This trade represents a 2.08% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, April 10th, Adam Katz 2012 Revocable Trust purchased 19,309 shares of Intelligent Protection Management stock. The stock was bought at an average cost of $1.79 per share, for a total transaction of $34,563.11.
  • On Thursday, April 9th, Adam Katz 2012 Revocable Trust bought 2,200 shares of Intelligent Protection Management stock. The shares were acquired at an average cost of $1.79 per share, for a total transaction of $3,938.00.
  • On Tuesday, April 7th, Adam Katz 2012 Revocable Trust bought 21,512 shares of Intelligent Protection Management stock. The shares were acquired at an average cost of $1.80 per share, for a total transaction of $38,721.60.

Intelligent Protection Management Stock Up 1.1%

Shares of IPM opened at $1.83 on Thursday. Intelligent Protection Management Corp. has a fifty-two week low of $1.46 and a fifty-two week high of $2.88. The firm’s 50 day moving average price is $1.83 and its 200 day moving average price is $1.78. The company has a market cap of $16.54 million, a P/E ratio of -7.04 and a beta of 0.45.

Intelligent Protection Management (NASDAQ:IPMGet 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 return on equity of 18.44% and a negative net margin of 14.01%.The business had revenue of $6.35 million for the quarter.

Institutional Investors Weigh In On Intelligent Protection Management

Several large investors have recently added to or reduced their stakes in IPM. XTX Topco Ltd purchased a new stake in Intelligent Protection Management during the 4th quarter worth approximately $28,000. Virtu Financial LLC purchased a new stake in Intelligent Protection Management during the 3rd quarter worth approximately $43,000. Finally, Renaissance Technologies LLC increased its stake in Intelligent Protection Management by 50.1% during the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after buying an additional 18,400 shares during the period. 3.88% of the stock is owned by hedge funds and other institutional investors.

Intelligent Protection Management Company Profile

(Get Free Report)

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.

Further Reading

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