Adam Katz 2012 Revocable Trust Purchases 19,309 Shares of Intelligent Protection Management (NASDAQ:IPM) Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust purchased 19,309 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average price of $1.79 per share, with a total value of $34,563.11. Following the purchase, the insider owned 1,000,000 shares in the company, valued at $1,790,000. This trade represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 Thursday, April 9th, Adam Katz 2012 Revocable Trust acquired 2,200 shares of Intelligent Protection Management stock. The shares were purchased at an average price of $1.79 per share, with a total value of $3,938.00.
• On Wednesday, April 8th, Adam Katz 2012 Revocable Trust acquired 19,951 shares of Intelligent Protection Management stock. The shares were purchased at an average price of $1.80 per share, with a total value of $35,911.80.
• On Tuesday, April 7th, Adam Katz 2012 Revocable Trust acquired 21,512 shares of Intelligent Protection Management stock. The shares were purchased at an average price of $1.80 per share, with a total value of $38,721.60.

Intelligent Protection Management Stock Performance

Shares of Intelligent Protection Management stock opened at $1.83 on Thursday. The company has a market cap of $16.54 million, a P/E ratio of -7.04 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. The firm has a fifty day moving average of $1.83 and a two-hundred day moving average of $1.78.

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

Hedge Funds Weigh In On Intelligent Protection Management

A number of large investors have recently bought and sold shares of IPM. Virtu Financial LLC purchased a new position in Intelligent Protection Management during the 3rd quarter worth $43,000. Renaissance Technologies LLC raised its position in Intelligent Protection Management by 50.1% during the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after buying an additional 18,400 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Intelligent Protection Management during the 4th quarter worth $28,000. Hedge funds and other institutional investors 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.