Significant Insider Change: Why Michael Tedesco Buys 20,000 Stock of iPass Inc. (NASDAQ:IPAS)?

November 30, 2016 - By Richard Conner

Significant Insider Change: Why Michael Tedesco Buys 20,000 Stock of iPass Inc. (NASDAQ:IPAS)?

Michael Tedesco Insider Buy

Michael Tedesco, the director of Ipass Inc made a sudden investment in 20,000 shares with an average price per share of $1.6 in the stock exchange listed company, that are having a worth of $32,400 US Dollars. Published November 29, 2016, you can find out more about the transaction by opening the following public filing here. Today, he has ownership of a total of 115,000 shares or 0.17% of the company’s market capitalization (total value of the shares outstanding).

iPass Inc. (NASDAQ:IPAS) Ratings Coverage

Out of 2 analysts covering iPass (NASDAQ:IPAS), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. iPass has been the topic of 2 analyst reports since August 4, 2016 according to StockzIntelligence Inc. As per Thursday, August 4, the company rating was upgraded by Chardan Capital Markets. Maxim Group initiated the stock with “Buy” rating in Wednesday, October 19 report.

Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.82, from 2 in 2016Q1. The ratio dived, as 2 funds sold all iPass Inc. shares owned while 5 reduced positions. 7 funds bought stakes while 7 increased positions. They now own 19.67 million shares or 5.66% more from 18.61 million shares in 2016Q1.

Winslow Evans And Crocker holds 0% or 4,200 shares in its portfolio. Citadel Advsr Lc has invested 0% of its portfolio in iPass Inc. (NASDAQ:IPAS). Moreover, State Bank Of America Corporation De has 0% invested in iPass Inc. (NASDAQ:IPAS) for 231 shares. Blackrock Institutional Company Na last reported 86,574 shares in the company. Blackrock Fund owns 177,690 shares or 0% of their US portfolio. Moreover, Manufacturers Life Insurance The has 0% invested in iPass Inc. (NASDAQ:IPAS) for 3,427 shares. Susquehanna Interest Gru Limited Liability Partnership holds 0% or 10,866 shares in its portfolio. Capital Guardian last reported 0% of its portfolio in the stock. Commonwealth Equity Svcs Inc last reported 0% of its portfolio in the stock. Paragon Management has 0.01% invested in the company for 16,667 shares. Signaturefd Ltd Co last reported 809 shares in the company. Spark Inv Mgmt Ltd Liability Company holds 0.01% of its portfolio in iPass Inc. (NASDAQ:IPAS) for 63,400 shares. Dimensional Fund Advsrs Ltd Partnership last reported 0% of its portfolio in the stock. Keybank Association Oh has 40,000 shares for 0% of their US portfolio. Adirondack & Mngmt Inc holds 1.4% or 3.00M shares in its portfolio.

Insider Transactions: Since August 8, 2016, the stock had 7 insider buys, and 0 sales for $156,203 net activity. $9,853 worth of iPass Inc. (NASDAQ:IPAS) shares were bought by Hume Patricia. Griffiths Gary A also bought $7,650 worth of iPass Inc. (NASDAQ:IPAS) on Thursday, September 8. $22,950 worth of iPass Inc. (NASDAQ:IPAS) was bought by Panos E David on Thursday, November 10.

The stock decreased 0.62% or $0.01 on November 29, hitting $1.61. About 50,182 shares traded hands. iPass Inc. (NASDAQ:IPAS) has risen 40.87% since April 26, 2016 and is uptrending. It has outperformed by 35.61% the S&P500.

iPass Inc. , is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The company has a market cap of $105.38 million. The Company, through its Mobile Connectivity Services segment, offers a cloud solution allowing its clients and their users’ access to its global Wi-Fi network to stay connected to the people and information. It currently has negative earnings. The Firm has categorized its services into two approaches: Enterprise and Strategic Partnerships.

According to Zacks Investment Research, “iPass Inc provides software-enabled enterprise connectivity services for mobile workers. iPass’ primary service is designed to enable enterprises to provide their employees with secure access to the enterprise’s internal network through an easy-to-use interface.”

Analysts await iPass Inc. (NASDAQ:IPAS) to report earnings on February, 15.

More recent iPass Inc. (NASDAQ:IPAS) news were published by: Businesswire.com which released: “iPass and Telrite Corporation Partner to Bring Unlimited Wi-Fi Access to ..” on November 29, 2016. Also Streetinsider.com published the news titled: “Form 4 IPASS INC For: Nov 28 Filed by: Tedesco Michael” on November 30, 2016. Prnewswire.com‘s news article titled: “Group of Concerned iPass Inc. Shareholders Combine to Form “iPass Shareholders ..” with publication date: April 16, 2015 was also an interesting one.

IPAS Company Profile

iPass Inc. (iPass), incorporated on February 3, 2000, is a well-known provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud solution allowing its clients and their users’ access to its global Wi-Fi network to stay connected to the people and information. The Firm has categorized its services into two approaches: Enterprise or Strategic Partnerships. The Firm has a Wi-Fi network footprint and supply chain that consists of approximately 50 million hotspots in over 100 countries and territories, including airports, convention centers, planes, trains, train stations, hotels, restaurants, retail and small business locations.

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