Intelligent Protection Management (NASDAQ:IPM) Trading Up 1.2% – Still a Buy?

Shares of Intelligent Protection Management Corp. (NASDAQ:IPM) traded up 1.2% during trading on Tuesday . The stock traded as high as $1.84 and last traded at $1.74. 28,605 shares traded hands during mid-day 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 Stock Down 1.1%

The firm has a market cap of $15.54 million, a price-to-earnings ratio of -6.62 and a beta of 0.45. The firm has a fifty day moving average price of $1.84 and a 200-day moving average price of $1.77.

Intelligent Protection Management (NASDAQ:IPM) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) 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.

Insider Buying and Selling

In other news, major shareholder Adam Katz 2012 Revocable Trust bought 19,309 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was acquired at an average price of $1.79 per share, for a total transaction of $34,563.11. Following the acquisition, the insider owned 1,000,000 shares of the company’s stock, valued at $1,790,000. This trade represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought 77,972 shares of company stock worth $142,585 in the last ninety days. Corporate insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IPM. Renaissance Technologies LLC boosted its holdings in Intelligent Protection Management by 50.1% in the 4th quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock worth $95,000 after acquiring an additional 18,400 shares during the period. Virtu Financial LLC acquired a new position in shares of Intelligent Protection Management in the third quarter worth about $43,000. Finally, XTX Topco Ltd acquired a new position in shares of Intelligent Protection Management in the fourth quarter worth about $28,000. Institutional investors and hedge funds 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.