Simpple (NASDAQ:SPPL) Director Sells 189,309 Shares of Company Stock

Simpple Ltd. (NASDAQ:SPPL) Director Kelvin Soon Sze Lee sold 189,309 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $1.43, for a total transaction of $270,711.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kelvin Soon Sze Lee also recently made the following trade(s):

• On Wednesday, November 4th, Kelvin Soon Sze Lee sold 1 shares of Simpple stock. The stock was sold at an average price of $1.00, for a total transaction of $1.00.

Simpple Stock Down 11.5%

Shares of NASDAQ:SPPL traded down $0.32 during trading on Thursday, hitting $2.47. 4,399 shares of the company were exchanged, compared to its average volume of 468,617. Simpple Ltd. has a 12-month low of $1.50 and a 12-month high of $5.65. The firm’s 50 day moving average price is $2.05 and its 200-day moving average price is $2.65.

Simpple (NASDAQ:SPPL) last issued its earnings results on Saturday, October 31st. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $1.96 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Simpple stock. Susquehanna International Group LLP acquired a new position in Simpple Ltd. (NASDAQ:SPPL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned approximately 0.51% of Simpple as of its most recent filing with the Securities and Exchange Commission (SEC). 0.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Simpple from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a research note on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Simpple currently has an average rating of “Sell”.

Simpple Company Profile

Simpple Ltd. is a Singapore-based technology company that develops artificial intelligence and Internet of Things solutions for smart building management. Its software is designed to help building owners and facility managers monitor and improve the operation of commercial properties and other managed spaces.

The company’s platform integrates data from sensors, connected devices and other building systems to provide insights into occupancy, space utilization, environmental conditions and facility operations.