Intelligent Protection Management (NASDAQ:IPM) CEO Jason Katz Acquires 10,000 Shares

Intelligent Protection Management Corp. (NASDAQ:IPM) CEO Jason Katz acquired 10,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of $1.97 per share, with a total value of $19,700.00. Following the completion of the acquisition, the chief executive officer directly owned 667,803 shares in the company, valued at approximately $1,315,571.91. This represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Intelligent Protection Management Price Performance

Shares of NASDAQ IPM opened at $1.92 on Wednesday. The stock has a market capitalization of $17.35 million, a PE ratio of -7.38 and a beta of 0.45. The business has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $1.78. Intelligent Protection Management Corp. has a fifty-two week low of $1.46 and a fifty-two week high of $2.88.

Intelligent Protection Management (NASDAQ:IPM) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter. The company 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%.

Hedge Funds Weigh In On Intelligent Protection Management

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in Intelligent Protection Management in the 4th quarter valued at $28,000. Virtu Financial LLC acquired a new position in shares of Intelligent Protection Management during the 3rd quarter worth $43,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Intelligent Protection Management by 50.1% during the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after buying an additional 18,400 shares in the last quarter. 3.88% of the stock is 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.