Insider Buying: Intelligent Protection Management (NASDAQ:IPM) CEO Purchases $19,700.00 in Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) CEO Jason Katz purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $1.97 per share, for a total transaction of $19,700.00. Following the completion of the purchase, the chief executive officer directly owned 667,803 shares of the company’s stock, valued at $1,315,571.91. This represents a 1.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Intelligent Protection Management Stock Up 0.8%

IPM opened at $1.95 on Friday. Intelligent Protection Management Corp. has a 52 week low of $1.46 and a 52 week high of $2.88. The business has a fifty day simple moving average of $1.77 and a 200-day simple moving average of $1.78. The firm has a market cap of $17.58 million, a P/E ratio of -7.48 and a beta of 0.45.

Intelligent Protection Management (NASDAQ:IPM) last released its quarterly earnings results 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 for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Intelligent Protection Management by 50.1% during the fourth 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. Virtu Financial LLC acquired a new stake in Intelligent Protection Management during the 3rd quarter worth approximately $43,000. Finally, XTX Topco Ltd purchased a new position in Intelligent Protection Management in the 4th quarter valued at approximately $28,000. 3.88% of the stock is currently owned by hedge funds and other institutional investors.

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.