Insider Buying: Connectm Technology Solutions Inc. (NASDAQ:CNTM) Insider Purchases 27,800 Shares of Stock

Connectm Technology Solutions Inc. (NASDAQ:CNTM) insider Mahesh Choudhury acquired 27,800 shares of the company’s stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of $1.09 per share, for a total transaction of $30,302.00. Following the acquisition, the insider now owns 259,768 shares of the company’s stock, valued at approximately $283,147.12. The trade was a 11.98 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mahesh Choudhury also recently made the following trade(s):

• On Wednesday, December 18th, Mahesh Choudhury bought 6,900 shares of Connectm Technology Solutions stock. The stock was purchased at an average cost of $0.82 per share, with a total value of $5,658.00.

Connectm Technology Solutions Stock Down 1.9 %

CNTM traded down $0.02 during trading on Monday, hitting $1.02. 77,990 shares of the stock were exchanged, compared to its average volume of 364,750. Connectm Technology Solutions Inc. has a 1-year low of $0.67 and a 1-year high of $12.47. The company’s fifty day simple moving average is $0.91.

Connectm Technology Solutions (NASDAQ:CNTM) last announced its earnings results on Friday, December 13th. The company reported ($0.61) earnings per share (EPS) for the quarter. During the same period last year, the firm posted ($0.12) EPS.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Connectm Technology Solutions stock. Polar Asset Management Partners Inc. purchased a new position in shares of Connectm Technology Solutions Inc. (NASDAQ:CNTM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 149,200 shares of the company’s stock, valued at approximately $172,000. Polar Asset Management Partners Inc. owned about 0.71% of Connectm Technology Solutions as of its most recent SEC filing. 79.59% of the stock is owned by institutional investors.

Connectm Technology Solutions Company Profile

ConnectM Technology Solutions, Inc, a technology company, focuses on advancing the electrification economy by integrating electrified energy assets with its AI-driven technology solutions platform. It provides residential and light commercial buildings, and all-electric original equipment manufacturers with a platform to accelerate the transition to solar and all-electric heating, cooling, and transportation.