Intelligent Protection Management (NASDAQ:IPM) Stock Price Up 1.2% – Here’s Why

Intelligent Protection Management Corp. (NASDAQ:IPM) shares were up 1.2% during trading on Tuesday . The company traded as high as $1.84 and last traded at $1.74. 28,605 shares traded hands during trading, a decline of 13% from the average daily volume of 32,759 shares. The stock had previously closed at $1.72.

Intelligent Protection Management Price Performance

The stock has a fifty day moving average price of $1.84 and a two-hundred day moving average price of $1.77. The company has a market cap of $15.73 million, a P/E ratio of -6.69 and a beta of 0.45.

Intelligent Protection Management (NASDAQ:IPM) last announced its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter. Intelligent Protection Management had a negative net margin of 14.01% and a negative return on equity of 18.44%. The company had revenue of $6.35 million for the quarter.

Insiders Place Their Bets

In other news, major shareholder Adam Katz 2012 Revocable Trust acquired 21,512 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were purchased at an average cost of $1.80 per share, with a total value of $38,721.60. Following the acquisition, the insider directly owned 958,540 shares of the company’s stock, valued at $1,725,372. The trade was a 2.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 77,972 shares of company stock worth $142,585. 20.80% of the stock is currently owned by company insiders.

Institutional Trading of Intelligent Protection Management

Several institutional investors and hedge funds have recently made changes to their positions in IPM. Virtu Financial LLC bought a new position in shares of Intelligent Protection Management during the third quarter valued at about $43,000. Renaissance Technologies LLC boosted its holdings in Intelligent Protection Management by 50.1% during the fourth 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. Finally, XTX Topco Ltd bought a new stake in Intelligent Protection Management in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 3.88% of the company’s stock.

Intelligent Protection Management Company Profile

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.