Fatpipe Inc/UT’s (FATN) “Buy” Rating Reiterated at D. Boral Capital

Fatpipe Inc/UT (NASDAQ:FATN)‘s stock had its “buy” rating reaffirmed by analysts at D. Boral Capital in a report released on Friday,Benzinga reports. They currently have a $8.00 target price on the stock. D. Boral Capital’s target price would suggest a potential upside of 163.16% from the company’s current price.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fatpipe Inc/UT in a research report on Friday, April 24th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.00.

Fatpipe Inc/UT Stock Performance

Shares of Fatpipe Inc/UT stock opened at $3.04 on Friday. The company’s fifty day simple moving average is $1.97. The company has a market cap of $42.32 million and a PE ratio of 43.43. Fatpipe Inc/UT has a 52 week low of $1.31 and a 52 week high of $12.38. The company has a quick ratio of 2.69, a current ratio of 2.74 and a debt-to-equity ratio of 0.20.

Fatpipe Inc/UT (NASDAQ:FATN) last issued its earnings results on Monday, February 2nd. The company reported $0.02 EPS for the quarter. The business had revenue of $4.09 million for the quarter. As a group, research analysts forecast that Fatpipe Inc/UT will post 0.13 EPS for the current fiscal year.

Insider Activity at Fatpipe Inc/UT

In other news, Director Ragula Bhaskar acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $1.45 per share, for a total transaction of $29,000.00. Following the transaction, the director directly owned 2,305,766 shares in the company, valued at approximately $3,343,360.70. This represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Institutional Trading of Fatpipe Inc/UT

An institutional investor recently bought a new position in Fatpipe Inc/UT stock. Renaissance Technologies LLC acquired a new stake in Fatpipe Inc/UT (NASDAQ:FATN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,300 shares of the company’s stock, valued at approximately $51,000. Renaissance Technologies LLC owned approximately 0.18% of Fatpipe Inc/UT as of its most recent SEC filing.

Fatpipe Inc/UT Company Profile

FatPipe is a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Organizations, large and small, have become increasingly dependent on their information technology (“IT”) network infrastructure for data access and communications, and the critical importance of network reliability, extensibility, and durability has continued to grow as the volume of traffic across those networks expands.