Intelligent Protection Management (NASDAQ:IPM) Major Shareholder Adam Katz 2012 Revocable Trust Purchases 19,309 Shares

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust purchased 19,309 shares of Intelligent Protection Management stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of $1.79 per share, for a total transaction of $34,563.11. Following the transaction, the insider directly owned 1,000,000 shares of the company’s stock, valued at approximately $1,790,000. This represents a 1.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Adam Katz 2012 Revocable Trust also recently made the following trade(s):

• On Thursday, April 9th, Adam Katz 2012 Revocable Trust purchased 2,200 shares of Intelligent Protection Management stock. The shares were acquired at an average cost of $1.79 per share, for a total transaction of $3,938.00.
• On Wednesday, April 8th, Adam Katz 2012 Revocable Trust purchased 19,951 shares of Intelligent Protection Management stock. The shares were acquired at an average cost of $1.80 per share, for a total transaction of $35,911.80.
• On Tuesday, April 7th, Adam Katz 2012 Revocable Trust purchased 21,512 shares of Intelligent Protection Management stock. The shares were acquired at an average cost of $1.80 per share, for a total transaction of $38,721.60.

Intelligent Protection Management Stock Performance

Shares of IPM opened at $1.81 on Wednesday. The stock has a market capitalization of $16.36 million, a PE ratio of -6.96 and a beta of 0.45. Intelligent Protection Management Corp. has a 1 year low of $1.46 and a 1 year high of $2.88. The company’s 50-day simple moving average is $1.82 and its 200-day simple moving average is $1.78.

Intelligent Protection Management (NASDAQ:IPM) last issued its 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 during the quarter. Intelligent Protection Management had a negative net margin of 14.01% and a negative return on equity of 18.44%.

Institutional Trading of Intelligent Protection Management

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in Intelligent Protection Management by 50.1% in the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after acquiring an additional 18,400 shares in the last quarter. Virtu Financial LLC acquired a new stake in Intelligent Protection Management in the third quarter valued at approximately $43,000. Finally, XTX Topco Ltd acquired a new stake in Intelligent Protection Management in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds 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.