Insider Buying: Intelligent Protection Management (NASDAQ:IPM) Major Shareholder Buys 19,951 Shares of Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust purchased 19,951 shares of Intelligent Protection Management stock in a transaction that occurred on Wednesday, April 8th. The stock was purchased at an average price of $1.80 per share, with a total value of $35,911.80. Following the completion of the purchase, the insider directly owned 978,491 shares in the company, valued at $1,761,283.80. This trade represents a 2.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 purchased at an average price of $1.79 per share, with a total value of $34,563.11.
• On Thursday, April 9th, Adam Katz 2012 Revocable Trust purchased 2,200 shares of Intelligent Protection Management stock. The stock was purchased at an average price of $1.79 per share, with a total value of $3,938.00.
• On Tuesday, April 7th, Adam Katz 2012 Revocable Trust purchased 21,512 shares of Intelligent Protection Management stock. The stock was purchased at an average price of $1.80 per share, with a total value of $38,721.60.

Intelligent Protection Management Price Performance

IPM traded up $0.01 during trading on Tuesday, hitting $1.81. The stock had a trading volume of 48,595 shares, compared to its average volume of 79,619. The company has a 50 day moving average price of $1.81 and a 200-day moving average price of $1.78. The firm has a market cap of $16.36 million, a price-to-earnings ratio of -6.96 and a beta of 0.45. Intelligent Protection Management Corp. has a one year low of $1.46 and a one year high of $2.88.

Intelligent Protection Management (NASDAQ:IPM) last released its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $6.35 million for the quarter. Intelligent Protection Management had a negative net margin of 14.01% and a negative return on equity of 18.44%.

Institutional Trading of Intelligent Protection Management

A number of institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in shares of Intelligent Protection Management during the 4th quarter valued at $28,000. Renaissance Technologies LLC lifted its position in shares of Intelligent Protection Management by 50.1% during the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after acquiring an additional 18,400 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Intelligent Protection Management during the 3rd quarter valued at $43,000. 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.