Fatpipe Inc/UT (NASDAQ:FATN) Receives “Buy” Rating from D. Boral Capital

D. Boral Capital reaffirmed their buy rating on shares of Fatpipe Inc/UT (NASDAQ:FATN) in a research report released on Friday morning,Benzinga reports. They currently have a $8.00 target price on the stock.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fatpipe Inc/UT in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.00.

Fatpipe Inc/UT Price Performance

FATN stock traded up $0.08 during midday trading on Friday, reaching $3.12. 2,036,038 shares of the company were exchanged, compared to its average volume of 2,608,474. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.74 and a quick ratio of 2.69. The stock’s 50-day simple moving average is $1.97. Fatpipe Inc/UT has a one year low of $1.31 and a one year high of $12.38. The firm has a market capitalization of $43.43 million and a price-to-earnings ratio of 44.57.

Fatpipe Inc/UT (NASDAQ:FATN) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.02 EPS for the quarter. The company had revenue of $4.09 million for the quarter. As a group, analysts anticipate that Fatpipe Inc/UT will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In other Fatpipe Inc/UT news, Director Ragula Bhaskar bought 20,000 shares of Fatpipe Inc/UT stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $1.45 per share, with a total value of $29,000.00. Following the completion of the transaction, the director owned 2,305,766 shares in the company, valued at $3,343,360.70. The trade was a 0.87% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On Fatpipe Inc/UT

An institutional investor recently bought a new position in Fatpipe Inc/UT stock. Renaissance Technologies LLC purchased a new stake in Fatpipe Inc/UT (NASDAQ:FATN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,300 shares of the company’s stock, valued at approximately $51,000. Renaissance Technologies LLC owned approximately 0.18% of Fatpipe Inc/UT as of its most recent SEC filing.

About Fatpipe Inc/UT

FatPipe is a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Organizations, large and small, have become increasingly dependent on their information technology (“IT”) network infrastructure for data access and communications, and the critical importance of network reliability, extensibility, and durability has continued to grow as the volume of traffic across those networks expands.