Adam Katz 2012 Revocable Trust Purchases 19,951 Shares of Intelligent Protection Management (NASDAQ:IPM) Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust purchased 19,951 shares of the stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average cost of $1.80 per share, with a total value of $35,911.80. Following the acquisition, the insider directly owned 978,491 shares in the company, valued at $1,761,283.80. This represents a 2.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Adam Katz 2012 Revocable Trust also recently made the following trade(s):

• On Friday, April 10th, Adam Katz 2012 Revocable Trust acquired 19,309 shares of Intelligent Protection Management stock. The stock was bought at an average cost of $1.79 per share, with a total value of $34,563.11.
• On Thursday, April 9th, Adam Katz 2012 Revocable Trust purchased 2,200 shares of Intelligent Protection Management stock. The shares were bought at an average price of $1.79 per share, with a total value of $3,938.00.
• On Tuesday, April 7th, Adam Katz 2012 Revocable Trust bought 21,512 shares of Intelligent Protection Management stock. The stock was purchased at an average cost of $1.80 per share, with a total value of $38,721.60.

Intelligent Protection Management Trading Up 0.6%

IPM traded up $0.01 on Tuesday, reaching $1.81. The stock had a trading volume of 48,595 shares, compared to its average volume of 79,619. Intelligent Protection Management Corp. has a fifty-two week low of $1.46 and a fifty-two week high of $2.88. The firm has a 50-day moving average of $1.81 and a 200-day moving average of $1.78. The company has a market capitalization of $16.36 million, a price-to-earnings ratio of -6.96 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.

About Intelligent Protection Management

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.