Jason Katz Acquires 10,000 Shares of Intelligent Protection Management (NASDAQ:IPM) Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) CEO Jason Katz bought 10,000 shares of the stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $1.97 per share, with a total value of $19,700.00. Following the acquisition, the chief executive officer owned 667,803 shares in the company, valued at approximately $1,315,571.91. This represents a 1.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Intelligent Protection Management Stock Up 0.5%

Shares of IPM opened at $1.93 on Thursday. Intelligent Protection Management Corp. has a 12-month low of $1.46 and a 12-month high of $2.88. The business has a 50-day simple moving average of $1.77 and a two-hundred day simple moving average of $1.78. The stock has a market cap of $17.45 million, a PE ratio of -7.42 and a beta of 0.45.

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

Hedge Funds Weigh In On Intelligent Protection Management

Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its holdings 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 purchasing an additional 18,400 shares in the last quarter. Virtu Financial LLC acquired a new position in Intelligent Protection Management in the 3rd quarter worth about $43,000. Finally, XTX Topco Ltd acquired a new position in Intelligent Protection Management in the 4th quarter worth about $28,000. Institutional investors and hedge funds own 3.88% of the company’s stock.

Intelligent Protection Management Company Profile

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.