Intelligent Protection Management Corp. (NASDAQ:IPM – Get Free Report) major shareholder Adam Katz 2012 Revocable Trust acquired 21,512 shares of Intelligent Protection Management stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average cost of $1.80 per share, for a total transaction of $38,721.60. Following the completion of the transaction, the insider directly owned 958,540 shares in the company, valued at $1,725,372. This trade represents a 2.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 bought 19,309 shares of Intelligent Protection Management stock. The stock was bought at an average price 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 stock was bought at an average price of $1.79 per share, for a total transaction 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 bought at an average price of $1.80 per share, for a total transaction of $35,911.80.
Intelligent Protection Management Price Performance
Shares of IPM stock opened at $1.83 on Thursday. The company has a market capitalization of $16.54 million, a P/E ratio of -7.04 and a beta of 0.45. The company’s 50-day simple moving average is $1.83 and its two-hundred day simple moving average is $1.78. Intelligent Protection Management Corp. has a one year low of $1.46 and a one year high of $2.88.
Hedge Funds Weigh In On Intelligent Protection Management
A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in Intelligent Protection Management by 50.1% in the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after acquiring an additional 18,400 shares in the last quarter. Virtu Financial LLC bought a new position in Intelligent Protection Management in the 3rd quarter worth about $43,000. Finally, XTX Topco Ltd bought a new position in Intelligent Protection Management in the 4th quarter worth about $28,000. 3.88% of the stock is currently owned by institutional investors.
About Intelligent Protection Management
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.
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