Insider Buying: Intelligent Protection Management (NASDAQ:IPM) Major Shareholder Buys 21,512 Shares of Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust bought 21,512 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average price of $1.80 per share, with a total value of $38,721.60. Following the completion of the purchase, the insider directly owned 958,540 shares of the company’s stock, valued at $1,725,372. This represents a 2.30% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock 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 bought 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 bought 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 Wednesday, April 8th, Adam Katz 2012 Revocable Trust bought 19,951 shares of Intelligent Protection Management stock. The stock was purchased at an average price of $1.80 per share, with a total value of $35,911.80.

Intelligent Protection Management Price Performance

Shares of NASDAQ IPM traded up $0.01 during trading hours on Tuesday, reaching $1.81. The stock had a trading volume of 48,595 shares, compared to its average volume of 79,619. The business’s fifty day moving average is $1.81 and its two-hundred day moving average is $1.78. The company 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 twelve month low of $1.46 and a twelve month high of $2.88.

Intelligent Protection Management (NASDAQ:IPM) last issued its earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $6.35 million during 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 large investors have recently bought and sold shares of IPM. XTX Topco Ltd bought a new stake in Intelligent Protection Management in the fourth quarter valued at $28,000. Virtu Financial LLC bought a new stake in Intelligent Protection Management in the third quarter valued at $43,000. Finally, Renaissance Technologies LLC grew its position in Intelligent Protection Management by 50.1% in the fourth 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. 3.88% of the stock is currently owned by institutional investors.

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.