National Asset Management Inc. Makes New $53,000 Investment in IronNet, Inc. (NYSE:IRNT)

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

In other news, CEO William E. Welch sold 28,700 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $2.11, for a total value of $60,557.00. Following the completion of the transaction, the chief executive officer now owns 7,236,291 shares in the company, valued at $15,268,574.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO William E. Welch sold 28,700 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $2.11, for a total value of $60,557.00. Following the sale, the chief executive officer now owns 7,236,291 shares of the company’s stock, valued at $15,268,574.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO William E. Welch sold 29,254 shares of the company’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $2.84, for a total transaction of $83,081.36. Following the sale, the chief executive officer now directly owns 8,893,409 shares in the company, valued at $25,257,281.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,465 shares of company stock worth $186,044. 38.60% of the stock is currently owned by company insiders.

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

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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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