Simpple (NASDAQ:SPPL) Stock: Insider Qikai Soo Sells 47,171 Shares

Simpple Ltd. (NASDAQ:SPPL) CTO Qikai Soo sold 47,171 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $2.58, for a total value of $121,701.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Simpple Stock Down 11.5%

SPPL stock traded down $0.32 during mid-day trading on Thursday, reaching $2.47. The company had a trading volume of 4,399 shares, compared to its average volume of 468,617. The stock has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $2.65. Simpple Ltd. has a 52 week low of $1.50 and a 52 week high of $5.65.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Squarepoint Ops LLC purchased a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned about 0.23% of Simpple as of its most recent SEC filing. 0.01% of the stock is owned by institutional investors and hedge funds.

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.