Intelligent Protection Management (NASDAQ:IPM) Major Shareholder Adam Katz 2012 Revocable Trust Purchases 21,512 Shares

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust purchased 21,512 shares of the stock in a transaction that occurred on Tuesday, April 7th. The stock was bought at an average price of $1.80 per share, with a total value of $38,721.60. Following the completion of the transaction, the insider owned 958,540 shares of the company’s stock, valued at $1,725,372. The trade was a 2.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Friday, April 10th, Adam Katz 2012 Revocable Trust purchased 19,309 shares of Intelligent Protection Management stock. The stock was bought 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 purchased 2,200 shares of Intelligent Protection Management stock. The stock was bought 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 purchased 19,951 shares of Intelligent Protection Management stock. The stock was bought at an average price of $1.80 per share, with a total value of $35,911.80.

Intelligent Protection Management Stock Up 0.6%

Shares of IPM opened at $1.81 on Wednesday. The company has a market cap of $16.36 million, a PE ratio of -6.96 and a beta of 0.45. The business has a fifty day moving average of $1.82 and a 200 day moving average of $1.78. Intelligent Protection Management Corp. has a 52-week low of $1.46 and a 52-week high of $2.88.

Intelligent Protection Management (NASDAQ:IPM) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $6.35 million during the quarter. Intelligent Protection Management had a negative return on equity of 18.44% and a negative net margin of 14.01%.

Institutional Trading of Intelligent Protection Management

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