Insider Buying: Network-1 Security Solutions Major Shareholder Acquires 197,400 Shares of Stock (NSSI)
Network-1 Security Solutions (NASDAQ:NSSI) major shareholder Steven Heinemann purchased 197,400 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average cost of $1.71 per share, for a total transaction of $337,554.00. Following the completion of the purchase, the insider now directly owns 551,333 shares in the company, valued at approximately $942,779. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Network-1 Security Solutions (NASDAQ:NSSI) traded down 1.16% during mid-day trading on Friday, hitting $1.70. 201,941 shares of the company’s stock traded hands. Network-1 Security Solutions has a 52 week low of $1.01 and a 52 week high of $1.93. The stock has a 50-day moving average of $1.68 and a 200-day moving average of $1.63. The company has a market cap of $44.4 million and a P/E ratio of 22.05.
Network-1 Security Solutions, Incis engaged in the acquisition, development, licensing and protection of the Company’s intellectual property.
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