Intelligent Protection Management (NASDAQ:IPM) Major Shareholder Acquires $34,563.11 in Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust acquired 19,309 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average cost of $1.79 per share, with a total value of $34,563.11. Following the acquisition, the insider directly owned 1,000,000 shares of the company’s stock, valued at $1,790,000. This trade represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 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 stock was purchased at an average cost 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 stock was purchased at an average cost 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 stock was purchased at an average cost of $1.80 per share, with a total value of $38,721.60.

Intelligent Protection Management Price Performance

Shares of IPM opened at $1.86 on Friday. Intelligent Protection Management Corp. has a one year low of $1.46 and a one year high of $2.88. The firm has a market capitalization of $16.81 million, a P/E ratio of -7.15 and a beta of 0.45. The business has a fifty day moving average of $1.83 and a 200 day moving average of $1.78.

Intelligent Protection Management (NASDAQ:IPM) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) 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.

Institutional Trading of Intelligent Protection Management

Hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in Intelligent Protection Management during the fourth quarter valued at about $28,000. Virtu Financial LLC purchased a new stake in shares of Intelligent Protection Management in the third quarter worth about $43,000. Finally, Renaissance Technologies LLC lifted its position in shares of Intelligent Protection Management by 50.1% in the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after buying an additional 18,400 shares in the last quarter. 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.