Insider Selling: Simpple (NASDAQ:SPPL) CTO Sells 47,171 Shares of Company Stock

Simpple Ltd. (NASDAQ:SPPL) CTO Qikai Soo sold 47,171 shares of Simpple stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $2.58, for a total value of $121,701.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Simpple Stock Performance

Shares of Simpple stock traded down $0.32 during trading on Thursday, reaching $2.47. The stock had a trading volume of 4,399 shares, compared to its average volume of 468,617. The stock has a fifty day moving average price of $2.05 and a two-hundred day moving average price of $2.65. Simpple Ltd. has a 52 week low of $1.50 and a 52 week high of $5.65.

Simpple (NASDAQ:SPPL) last posted its quarterly earnings data on Saturday, October 31st. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $1.96 million during the quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on SPPL shares. Wall Street Zen raised Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Simpple

An institutional investor recently bought a new position in Simpple stock. Susquehanna International Group LLP acquired a new position in shares of Simpple Ltd. (NASDAQ:SPPL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned about 0.51% of Simpple at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Simpple Company Profile

Simpple Ltd. is a Singapore-based technology company that develops artificial intelligence and Internet of Things solutions for smart building management. Its software is designed to help building owners and facility managers monitor and improve the operation of commercial properties and other managed spaces.

The company’s platform integrates data from sensors, connected devices and other building systems to provide insights into occupancy, space utilization, environmental conditions and facility operations.