Intelligent Protection Management (NASDAQ:IPM) Major Shareholder Buys $35,911.80 in Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust purchased 19,951 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were purchased at an average price of $1.80 per share, with a total value of $35,911.80. Following the purchase, the insider directly owned 978,491 shares in the company, valued at $1,761,283.80. This trade represents a 2.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock 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 purchased 19,309 shares of Intelligent Protection Management stock. The shares were purchased 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 shares were purchased 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 purchased 21,512 shares of Intelligent Protection Management stock. The shares were purchased at an average price of $1.80 per share, with a total value of $38,721.60.

Intelligent Protection Management Stock Performance

IPM stock opened at $1.86 on Friday. The company has a market capitalization of $16.81 million, a price-to-earnings ratio of -7.15 and a beta of 0.45. Intelligent Protection Management Corp. has a fifty-two week low of $1.46 and a fifty-two week high of $2.88. The stock has a fifty day moving average of $1.83 and a 200-day moving average of $1.78.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IPM. XTX Topco Ltd purchased a new stake in Intelligent Protection Management during the 4th quarter worth about $28,000. Virtu Financial LLC purchased a new stake in Intelligent Protection Management during the 3rd quarter worth about $43,000. Finally, Renaissance Technologies LLC lifted its holdings in Intelligent Protection Management by 50.1% during 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. 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.