Jeffs’ Brands Ltd (NASDAQ:JFBR) Major Shareholder Purchases $396,680.40 in Stock

Jeffs’ Brands Ltd (NASDAQ:JFBR) major shareholder Jeffrey J. Conroy acquired 1,101,890 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average price of $0.36 per share, for a total transaction of $396,680.40. Following the acquisition, the insider now directly owns 2,432,000 shares in the company, valued at $875,520. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Jeffs’ Brands Stock Performance

Shares of JFBR stock opened at $0.29 on Thursday. Jeffs’ Brands Ltd has a 52 week low of $0.17 and a 52 week high of $5.29. The company’s 50 day moving average price is $0.24 and its two-hundred day moving average price is $0.28.

Institutional Investors Weigh In On Jeffs’ Brands

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP bought a new position in Jeffs’ Brands Ltd (NASDAQ:JFBR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned 10.20% of Jeffs’ Brands at the end of the most recent quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.

About Jeffs’ Brands

Jeffs’ Brands Ltd, together with its subsidiaries, operates as an e-commerce company. It engages in the sale of various consumer products on Amazon online marketplace. The company offers knife-sharpening sets, sharpeners, and nonslip rubber bases under the KnifePlanet brand; steel and soft-tip dart sets under the CC-Exquisite brand; car door and sets protectors for pets under the PetEvo brand; and bag sets and party supply kits for children under the Whoobli brand.