Insider Selling: I.D. Systems, Inc. (IDSY) Major Shareholder Sells 42,635 Shares of Stock
I.D. Systems, Inc. (NASDAQ:IDSY) major shareholder Neil S. Subin sold 42,635 shares of I.D. Systems stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $6.36, for a total transaction of $271,158.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of IDSY stock traded down $0.29 on Friday, hitting $6.00. The stock had a trading volume of 2,186,599 shares, compared to its average volume of 16,678. I.D. Systems, Inc. has a twelve month low of $5.37 and a twelve month high of $8.05.
I.D. Systems (NASDAQ:IDSY) last announced its quarterly earnings results on Thursday, November 8th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. I.D. Systems had a negative net margin of 7.35% and a negative return on equity of 10.16%. The company had revenue of $13.39 million during the quarter, compared to analyst estimates of $12.32 million. Equities analysts expect that I.D. Systems, Inc. will post -0.13 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ardsley Advisory Partners boosted its stake in I.D. Systems by 13.2% in the 2nd quarter. Ardsley Advisory Partners now owns 438,610 shares of the communications equipment provider’s stock worth $2,715,000 after purchasing an additional 51,200 shares during the period. Fairpointe Capital LLC boosted its stake in I.D. Systems by 68.8% in the 2nd quarter. Fairpointe Capital LLC now owns 124,488 shares of the communications equipment provider’s stock worth $771,000 after purchasing an additional 50,748 shares during the period. 22NW LP acquired a new position in I.D. Systems in the 3rd quarter worth $525,000. Cannell Capital LLC boosted its stake in I.D. Systems by 22.2% in the 2nd quarter. Cannell Capital LLC now owns 2,081,575 shares of the communications equipment provider’s stock worth $12,885,000 after purchasing an additional 377,830 shares during the period. Finally, Cannell Peter B & Co. Inc. acquired a new position in I.D. Systems in the 2nd quarter worth $186,000. 45.49% of the stock is owned by hedge funds and other institutional investors.
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I.D. Systems Company Profile
I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets.
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