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

Intelligent Protection Management Corp. (NASDAQ:IPM) major shareholder Adam Katz 2012 Revocable Trust bought 21,512 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were acquired at an average price of $1.80 per share, for a total transaction of $38,721.60. Following the acquisition, the insider directly owned 958,540 shares of the company’s stock, valued at approximately $1,725,372. The trade was a 2.30% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock 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 shares were acquired at an average price of $1.79 per share, for a total transaction of $34,563.11.
• On Thursday, April 9th, Adam Katz 2012 Revocable Trust bought 2,200 shares of Intelligent Protection Management stock. The shares were acquired 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 bought 19,951 shares of Intelligent Protection Management stock. The shares were acquired at an average price of $1.80 per share, for a total transaction of $35,911.80.

Intelligent Protection Management Price Performance

Shares of IPM stock traded up $0.01 during trading hours on Tuesday, hitting $1.81. 48,595 shares of the company’s stock were exchanged, compared to its average volume of 79,619. The stock’s 50-day moving average is $1.81 and its 200-day moving average is $1.78. The stock has a market cap of $16.36 million, a price-to-earnings ratio of -6.96 and a beta of 0.45. Intelligent Protection Management Corp. has a 52 week low of $1.46 and a 52 week high of $2.88.

Intelligent Protection Management (NASDAQ:IPM) last announced its earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter. The business 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 Trading of Intelligent Protection Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in 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 purchasing an additional 18,400 shares during the last quarter. Virtu Financial LLC bought a new stake in Intelligent Protection Management during the 3rd quarter worth about $43,000. Finally, XTX Topco Ltd bought a new stake in Intelligent Protection Management during the 4th quarter worth about $28,000. 3.88% of the stock is owned by institutional investors.

About Intelligent Protection Management

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.