Insider Buying: Intelligent Protection Management (NASDAQ:IPM) Major Shareholder Acquires $38,721.60 in Stock

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust bought 21,512 shares of the stock in a transaction dated Tuesday, April 7th. The stock was purchased at an average cost of $1.80 per share, for a total transaction of $38,721.60. Following the acquisition, the insider owned 958,540 shares in the company, valued at $1,725,372. The trade was a 2.30% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 10th, Adam Katz 2012 Revocable Trust bought 19,309 shares of Intelligent Protection Management stock. The stock was purchased at an average cost of $1.79 per share, for a total transaction of $34,563.11.
• On Thursday, April 9th, Adam Katz 2012 Revocable Trust purchased 2,200 shares of Intelligent Protection Management stock. The shares were bought at an average price 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 bought at an average price of $1.80 per share, for a total transaction of $35,911.80.

Intelligent Protection Management Stock Up 1.6%

Shares of NASDAQ IPM opened at $1.86 on Friday. The firm’s 50-day simple moving average is $1.83 and its 200 day simple moving average is $1.78. The company has a market cap of $16.81 million, a price-to-earnings ratio of -7.15 and a beta of 0.45. Intelligent Protection Management Corp. has a 12-month low of $1.46 and a 12-month high of $2.88.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in Intelligent Protection Management by 50.1% during the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $95,000 after purchasing an additional 18,400 shares during the period. Virtu Financial LLC acquired a new position in Intelligent Protection Management during the 3rd quarter valued at about $43,000. Finally, XTX Topco Ltd acquired a new position in Intelligent Protection Management during the 4th quarter valued at about $28,000. 3.88% of the stock is currently owned by institutional investors and hedge funds.

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.