Simpple (NASDAQ:SPPL) CTO Qikai Soo Sells 47,171 Shares of Company Stock

Simpple Ltd. (NASDAQ:SPPL) CTO Qikai Soo sold 47,171 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $2.58, for a total transaction of $121,701.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Simpple Stock Down 12.5%

SPPL stock opened at $2.44 on Friday. The firm’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $2.65. Simpple Ltd. has a fifty-two week low of $1.50 and a fifty-two week high of $5.65.

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

Analyst Ratings Changes

SPPL has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Simpple in a research report on Thursday, October 15th. Wall Street Zen upgraded Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Simpple currently has an average rating of “Sell”.

Institutional Investors Weigh In On Simpple

A hedge fund recently bought a new position in Simpple stock. Squarepoint Ops LLC acquired a new position in Simpple Ltd. (NASDAQ:SPPL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned 0.23% of Simpple as of its most recent SEC filing. 0.01% of the stock is currently 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.