Inseego (
NASDAQ:INSG -
Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.05 and traded as high as $16.60. Inseego shares last traded at $16.50, with a volume of 387,812 shares traded.
Inseego Stock Up 4.7%
The business's 50 day moving average is $11.11 and its 200-day moving average is $9.05. The firm has a market cap of $248.21 million, a P/E ratio of -47.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26.
Insiders Place Their Bets
In other Inseego news, Director Sound Trading Lp North bought 15,100 shares of the stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $8.93 per share, for a total transaction of $134,843.00. Following the completion of the purchase, the director directly owned 2,143,769 shares in the company, valued at approximately $19,143,857.17. This trade represents a 0.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 55,001 shares of company stock worth $479,591 in the last three months. 20.90% of the stock is owned by insiders.
Institutional Trading of Inseego
Several institutional investors have recently added to or reduced their stakes in INSG. Police & Firemen s Retirement System of New Jersey bought a new stake in Inseego during the second quarter valued at $28,000. Bank of America Corp DE increased its stake in Inseego by 134.3% during the second quarter. Bank of America Corp DE now owns 5,870 shares of the technology company's stock valued at $48,000 after purchasing an additional 3,365 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Inseego by 3,087.9% during the second quarter. JPMorgan Chase & Co. now owns 6,057 shares of the technology company's stock valued at $50,000 after purchasing an additional 5,867 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Inseego during the second quarter worth about $56,000. Finally, Maven Securities LTD bought a new position in shares of Inseego during the second quarter worth about $82,000. Institutional investors own 34.20% of the company's stock.
Inseego Company Profile
(
Get Free Report)
Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.
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