Simpple (NASDAQ:SPPL) Stock: Insider Qikai Soo Sells 47,171 Shares

Simpple Ltd. (NASDAQ:SPPL) CTO Qikai Soo sold 47,171 shares of Simpple stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $2.58, for a total value of $121,701.18. The sale was disclosed in a filing with the SEC, which is available at this link.

Simpple Stock Up 17.6%

Shares of SPPL stock opened at $2.87 on Friday. Simpple Ltd. has a 12 month low of $1.50 and a 12 month high of $5.65. The company has a 50 day simple moving average of $2.07 and a two-hundred day simple moving average of $2.65.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Simpple stock. Susquehanna International Group LLP purchased a new stake in shares of Simpple Ltd. (NASDAQ:SPPL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned 0.51% of Simpple as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SPPL. Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a report on Thursday, October 15th. Wall Street Zen upgraded Simpple from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Simpple currently has a consensus rating of “Sell”.

About Simpple

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.