Insider Buying: Intelligent Protection Management (NASDAQ:IPM) CEO Acquires 10,000 Shares of Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) CEO Jason Katz acquired 10,000 shares of Intelligent Protection Management stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of $1.97 per share, with a total value of $19,700.00. Following the transaction, the chief executive officer directly owned 667,803 shares in the company, valued at approximately $1,315,571.91. This trade represents a 1.52% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Intelligent Protection Management Stock Performance

Shares of IPM stock opened at $1.99 on Tuesday. The stock has a 50 day moving average of $1.77 and a two-hundred day moving average of $1.78. Intelligent Protection Management Corp. has a 12 month low of $1.46 and a 12 month high of $2.88. The company has a market capitalization of $17.99 million, a P/E ratio of -7.65 and a beta of 0.45.

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

Institutional Trading of Intelligent Protection Management

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Intelligent Protection Management in the 4th quarter worth approximately $28,000. Virtu Financial LLC bought a new position in shares of Intelligent Protection Management during the 3rd quarter worth approximately $43,000. Finally, Renaissance Technologies LLC lifted its position in shares of 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 buying an additional 18,400 shares during the period. Institutional investors own 3.88% of the company’s stock.

About Intelligent Protection Management

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.