Simpple (NASDAQ:SPPL) Stock: Insider Daryl Kah Kit Pat Sells 62,894 Shares

Simpple Ltd. (NASDAQ:SPPL) CEO Daryl Kah Kit Pat sold 62,894 shares of Simpple stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $2.58, for a total value of $162,266.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Simpple Stock Down 11.5%

Shares of SPPL traded down $0.32 during midday trading on Thursday, reaching $2.47. The stock had a trading volume of 4,399 shares, compared to its average volume of 468,617. The firm’s 50 day moving average price is $2.05 and its 200-day moving average price is $2.65. Simpple Ltd. has a 52 week low of $1.50 and a 52 week high of $5.65.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a research report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Simpple stock. Susquehanna International Group LLP acquired a new stake in shares of Simpple Ltd. (NASDAQ:SPPL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned 0.51% of Simpple as of its most recent filing with the Securities & Exchange Commission. 0.01% of the stock is owned by institutional investors.

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.