Insider Selling: Simpple (NASDAQ:SPPL) CEO Sells $162,266.52 in Stock

Simpple Ltd. (NASDAQ:SPPL) CEO Daryl Kah Kit Pat sold 62,894 shares of Simpple stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $2.58, for a total value of $162,266.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Simpple Trading Down 11.5%

NASDAQ SPPL traded down $0.32 on Thursday, reaching $2.47. The company had a trading volume of 4,399 shares, compared to its average volume of 468,617. The stock’s 50 day moving average is $2.05 and its 200-day moving average is $2.65. Simpple Ltd. has a 52 week low of $1.50 and a 52 week high of $5.65.

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

Institutional Investors Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Susquehanna International Group LLP acquired a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned about 0.51% of Simpple as of its most recent SEC filing. 0.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Simpple from a “sell” rating to a “hold” rating in a research note on Sunday, September 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Simpple Company Profile

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.