Simpple (NASDAQ:SPPL) Shares Break Above 200 Day Moving Average After Insider Selling

Simpple Ltd. (NASDAQ:SPPL) shares passed above its 200-day moving average during trading on Friday following insider buying activity. The stock has a 200-day moving average of $2.65 and traded as high as $3.05. Simpple shares last traded at $2.87, with a volume of 160,221 shares.

Analysts Set New Price Targets

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

Simpple Price Performance

The company’s 50-day moving average price is $2.07 and its two-hundred day moving average price is $2.65.

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

Institutional Trading of Simpple

An institutional investor recently bought a new stake in Simpple stock. Squarepoint Ops LLC bought a new position in shares of Simpple Ltd. (NASDAQ:SPPL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,309 shares of the company’s stock, valued at approximately $52,000. Squarepoint Ops LLC owned approximately 0.23% of Simpple at the end of the most recent quarter. 0.01% of the stock is currently owned by institutional investors.

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.