Simpple (NASDAQ:SPPL) Stock Price Crosses Above Two Hundred Day Moving Average Following Insider Selling

Shares of Simpple Ltd. (NASDAQ:SPPL) passed above its two hundred day moving average during trading on Friday after an insider bought additional shares in the company. The stock has a two hundred day moving average of $2.65 and traded as high as $3.05. Simpple shares last traded at $2.87, with a volume of 160,221 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently commented on SPPL. Weiss Ratings reiterated 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 research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Simpple Price Performance

The company has a 50-day simple moving average of $2.07 and a 200 day simple moving average of $2.65.

Simpple (NASDAQ:SPPL) last announced 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.

Institutional Trading of Simpple

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

About Simpple

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.