CISO Global (NASDAQ:CISO) Shares Up 13.5% – Here’s What Happened

Shares of CISO Global, Inc. (NASDAQ:CISO) shot up 13.5% on Tuesday . The stock traded as high as $0.2999 and last traded at $0.2925. Approximately 4,663,757 shares were traded during mid-day trading, an increase of 232% from the average daily volume of 1,404,061 shares. The stock had previously closed at $0.2577.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

CISO Global Trading Up 13.5%

The company has a market cap of $13.25 million, a price-to-earnings ratio of -1.22 and a beta of 1.68. The stock’s 50-day moving average is $0.31 and its 200-day moving average is $0.38.

CISO Global (NASDAQ:CISO) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($1.05) by $1.01. CISO Global had a negative net margin of 16.69% and a negative return on equity of 32.61%. The business had revenue of $6.22 million during the quarter, compared to analysts’ expectations of $12.92 million.

Institutional Trading of CISO Global

Large investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in CISO Global in the 2nd quarter valued at about $37,000. Virtu Financial LLC acquired a new position in CISO Global during the 3rd quarter worth approximately $58,000. Jane Street Group LLC acquired a new position in CISO Global during the 2nd quarter worth approximately $94,000. Finally, Geode Capital Management LLC boosted its holdings in CISO Global by 280.8% in the second quarter. Geode Capital Management LLC now owns 228,690 shares of the company’s stock worth $263,000 after acquiring an additional 168,637 shares in the last quarter. 40.08% of the stock is currently owned by institutional investors and hedge funds.

CISO Global Company Profile

CISO Global, Inc (NASDAQ: CISO) is a cybersecurity and risk management firm that delivers a comprehensive suite of services designed to strengthen organizational defenses and ensure regulatory compliance. The company’s core offerings include managed security services, threat monitoring, incident response, vulnerability assessments and penetration testing. By integrating advanced analytics, automated tooling and human expertise, CISO Global aims to protect enterprises from evolving cyber threats while maintaining the integrity of critical systems and data.

In addition to its managed security platform, CISO Global provides advisory and consulting services that cover risk and compliance management, governance framework development, security policy design and third-party risk assessments.