Insider Selling: Simpple (NASDAQ:SPPL) CEO Sells $162,266.52 in Stock

Simpple Ltd. (NASDAQ:SPPL) CEO Daryl Kah Kit Pat sold 62,894 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $2.58, for a total transaction of $162,266.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Simpple Stock Performance

Simpple stock opened at $2.87 on Friday. The firm has a 50-day moving average price of $2.07 and a 200-day moving average price of $2.65. Simpple Ltd. has a 12-month low of $1.50 and a 12-month high of $5.65.

Simpple (NASDAQ:SPPL) last released its quarterly earnings results on Saturday, October 31st. The company reported ($0.11) EPS for the quarter. The company had revenue of $1.96 million for the quarter.

Analyst Ratings Changes

SPPL has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a research note on Thursday, October 15th. Wall Street Zen raised Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Simpple

A hedge fund recently bought a new position in Simpple stock. Squarepoint Ops LLC bought a new position in Simpple Ltd. (NASDAQ:SPPL) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned approximately 0.23% of Simpple at the end of the most recent reporting period. Institutional investors own 0.01% of the company’s stock.

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.