Fatpipe Inc/UT (NASDAQ:FATN) Research Coverage Started at D. Boral Capital

D. Boral Capital began coverage on shares of Fatpipe Inc/UT (NASDAQ:FATN) in a research note published on Monday, MarketBeat reports. The brokerage issued a buy rating and a $8.00 target price on the stock.

Separately, Weiss Ratings assumed coverage on shares of Fatpipe Inc/UT in a research note on Tuesday, January 27th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.00.

Fatpipe Inc/UT Trading Down 8.0%

Fatpipe Inc/UT stock opened at $1.73 on Monday. The stock’s 50 day moving average is $1.81. Fatpipe Inc/UT has a twelve month low of $1.31 and a twelve month high of $23.27. The firm has a market cap of $24.08 million and a PE ratio of 24.71. The company has a quick ratio of 2.69, a current ratio of 2.74 and a debt-to-equity ratio of 0.20.

Fatpipe Inc/UT (NASDAQ:FATN) last released its earnings results on Monday, February 2nd. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $4.09 million during the quarter.

Insiders Place Their Bets

In other Fatpipe Inc/UT news, Director Ragula Bhaskar bought 20,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average price of $1.45 per share, for a total transaction of $29,000.00. Following the transaction, the director owned 2,305,766 shares of the company’s stock, valued at approximately $3,343,360.70. This trade represents a 0.87% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Trading of Fatpipe Inc/UT

An institutional investor recently bought a new position in Fatpipe Inc/UT stock. Renaissance Technologies LLC acquired a new position in shares of Fatpipe Inc/UT (NASDAQ:FATN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,300 shares of the company’s stock, valued at approximately $51,000. Renaissance Technologies LLC owned approximately 0.18% of Fatpipe Inc/UT at the end of the most recent quarter.

Fatpipe Inc/UT Company Profile

FatPipe is a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Organizations, large and small, have become increasingly dependent on their information technology (“IT”) network infrastructure for data access and communications, and the critical importance of network reliability, extensibility, and durability has continued to grow as the volume of traffic across those networks expands.