Inseego Corp. (INSG) Chairman Philip Falcone Sells 91,023 Shares
Inseego Corp. (NASDAQ:INSG) Chairman Philip Falcone sold 91,023 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $1.33, for a total transaction of $121,060.59. Following the sale, the chairman now directly owns 28,333 shares in the company, valued at $37,682.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Inseego Corp. (NASDAQ INSG) traded up $0.14 on Monday, reaching $1.48. 166,000 shares of the company’s stock traded hands, compared to its average volume of 225,402. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of -2.59. Inseego Corp. has a fifty-two week low of $0.87 and a fifty-two week high of $3.23.
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A number of analysts recently issued reports on the stock. Canaccord Genuity increased their price target on shares of Inseego Corp. from $1.50 to $1.75 and gave the stock a “hold” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Inseego Corp. from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. Finally, Northland Securities reaffirmed a “buy” rating and set a $2.00 price objective on shares of Inseego Corp. in a report on Sunday, October 1st.
An institutional investor recently raised its position in Inseego Corp. stock. Goldman Sachs Group Inc. lifted its holdings in Inseego Corp. (NASDAQ:INSG) by 2,239.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 696,502 shares of the technology company’s stock after buying an additional 666,732 shares during the period. Goldman Sachs Group Inc. owned approximately 1.21% of Inseego Corp. worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 9.48% of the company’s stock.
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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