National Asset Management Inc. purchased a new position in IronNet, Inc. (NYSE:IRNT – Get Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,776 shares of the company’s stock, valued at approximately $53,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BCGM Wealth Management LLC acquired a new stake in shares of IronNet during the 1st quarter valued at about $30,000. Marathon Trading Investment Management LLC acquired a new stake in shares of IronNet during the 4th quarter valued at about $47,000. HighTower Advisors LLC acquired a new stake in shares of IronNet during the 4th quarter valued at about $50,000. DAGCO Inc. acquired a new stake in shares of IronNet during the 1st quarter valued at about $48,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of IronNet during the 4th quarter valued at about $64,000. 13.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group decreased their target price on shares of IronNet from $3.25 to $2.75 in a research report on Monday, May 23rd.
Insider Activity at IronNet
IronNet Price Performance
Shares of IRNT stock opened at $2.23 on Tuesday. IronNet, Inc. has a 12-month low of $1.99 and a 12-month high of $47.50. The firm has a 50-day moving average price of $2.53 and a 200 day moving average price of $3.19.
IronNet (NYSE:IRNT – Get Rating) last posted its quarterly earnings results on Tuesday, June 14th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.13). The company had revenue of $6.69 million for the quarter, compared to analyst estimates of $7.05 million. On average, research analysts predict that IronNet, Inc. will post -0.94 EPS for the current year.
IronNet Company Profile
IronNet, Inc designs and develops solutions for cyber-attacks. The company offers IronDefense, an advanced network detection and response solution that provides behavior-based and AI-driven analytics at the network level to detect anomalous activity at individual enterprises and prioritize the threats in its network; and IronDome, a threat-exchange solution that enables collective defense member enterprises to actively exchange individual anonymized cyber anomalies at machine speed in a community of public-private peers.
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