I.D. Systems, Inc. (IDSY) Major Shareholder Purchases $381,042.60 in Stock

I.D. Systems, Inc. (NASDAQ:IDSY) major shareholder Cannell Capital Llc bought 62,466 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were acquired at an average cost of $6.10 per share, for a total transaction of $381,042.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Cannell Capital Llc also recently made the following trade(s):

Get I.D. Systems alerts:

On Monday, January 28th, Cannell Capital Llc bought 126,896 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.97 per share, for a total transaction of $757,569.12. On Friday, January 25th, Cannell Capital Llc bought 9,138 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.99 per share, for a total transaction of $54,736.62. On Thursday, January 17th, Cannell Capital Llc bought 5,261 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.96 per share, for a total transaction of $31,355.56. On Tuesday, January 22nd, Cannell Capital Llc bought 85,283 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.97 per share, for a total transaction of $509,139.51. On Tuesday, December 31st, Cannell Capital Llc bought 9,722 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.56 per share, for a total transaction of $54,054.32. On Friday, December 27th, Cannell Capital Llc bought 11,700 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.40 per share, for a total transaction of $63,180.00. On Friday, December 28th, Cannell Capital Llc bought 10,030 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $55,165.00. On Monday, December 31st, Cannell Capital Llc bought 31,452 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.48 per share, for a total transaction of $172,356.96. On Friday, December 21st, Cannell Capital Llc bought 117,616 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.17 per share, for a total transaction of $608,074.72. On Wednesday, December 26th, Cannell Capital Llc bought 123,501 shares of I.D. Systems stock. The shares were acquired at an average cost of $5.18 per share, for a total transaction of $639,735.18.

NASDAQ IDSY traded up $0.03 on Monday, hitting $6.05. 18,001 shares of the stock were exchanged, compared to its average volume of 51,452. I.D. Systems, Inc. has a fifty-two week low of $5.01 and a fifty-two week high of $8.05.

I.D. Systems (NASDAQ:IDSY) last posted its quarterly earnings results on Thursday, November 8th. The communications equipment provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. I.D. Systems had a negative net margin of 7.35% and a negative return on equity of 10.16%. The company had revenue of $13.39 million during the quarter, compared to analysts’ expectations of $12.32 million. As a group, research analysts expect that I.D. Systems, Inc. will post -0.13 EPS for the current fiscal year.

A hedge fund recently bought a new stake in I.D. Systems stock. 22NW LP purchased a new position in shares of I.D. Systems, Inc. (NASDAQ:IDSY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 75,600 shares of the communications equipment provider’s stock, valued at approximately $525,000. 22NW LP owned approximately 0.43% of I.D. Systems as of its most recent SEC filing. 46.41% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on IDSY shares. ValuEngine raised shares of I.D. Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Lake Street Capital set a $10.00 target price on shares of I.D. Systems and gave the stock a “buy” rating in a research note on Thursday, December 6th. Finally, Zacks Investment Research raised shares of I.D. Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.65.

TRADEMARK VIOLATION NOTICE: “I.D. Systems, Inc. (IDSY) Major Shareholder Purchases $381,042.60 in Stock” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at www.tickerreport.com/banking-finance/4125843/i-d-systems-inc-idsy-major-shareholder-purchases-381042-60-in-stock.html.

About I.D. Systems

I.D. Systems, Inc develops, markets, and sells wireless machine-to-machine solutions primarily in North America. The company provides integrated wireless solutions that utilize radio frequency identification, Wi-Fi, satellite or cellular communications, sensor technologies, and software to control, monitor, track, and analyze industrial and rental vehicles, as well as transportation assets.

See Also: How to interpret the current ratio

Insider Buying and Selling by Quarter for I.D. Systems (NASDAQ:IDSY)

Leave a Reply

Your email address will not be published.