Network-1 Technologies Inc (NYSEAMERICAN:NTIP) major shareholder Steven D. Heinemann sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $2.60, for a total transaction of $520,000.00. Following the completion of the sale, the insider now owns 585,233 shares of the company’s stock, valued at $1,521,605.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Network-1 Technologies Inc (NYSEAMERICAN NTIP) traded up $0.20 during midday trading on Friday, hitting $2.60. 312,405 shares of the company’s stock were exchanged, compared to its average volume of 143,666. Network-1 Technologies Inc has a fifty-two week low of $2.40 and a fifty-two week high of $5.05.

Network-1 Technologies (NYSEAMERICAN:NTIP) last posted its quarterly earnings results on Wednesday, November 15th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $3.24 million during the quarter. Network-1 Technologies had a net margin of 31.76% and a return on equity of 11.15%.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Numeric Investors LLC raised its holdings in shares of Network-1 Technologies by 107.5% during the second quarter. Numeric Investors LLC now owns 1,137,952 shares of the company’s stock worth $4,836,000 after purchasing an additional 589,543 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Network-1 Technologies by 43.9% during the second quarter. Vanguard Group Inc. now owns 383,534 shares of the company’s stock worth $1,630,000 after purchasing an additional 116,981 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Network-1 Technologies by 81.7% during the second quarter. Acadian Asset Management LLC now owns 356,987 shares of the company’s stock worth $1,517,000 after purchasing an additional 160,489 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Network-1 Technologies by 51.1% during the third quarter. Dimensional Fund Advisors LP now owns 347,868 shares of the company’s stock worth $1,339,000 after purchasing an additional 117,592 shares during the last quarter. Finally, Seizert Capital Partners LLC raised its holdings in shares of Network-1 Technologies by 75.6% during the third quarter. Seizert Capital Partners LLC now owns 186,489 shares of the company’s stock worth $718,000 after purchasing an additional 80,276 shares during the last quarter.

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About Network-1 Technologies

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