Inseego Corp. (NASDAQ:INSG) Shares Acquired by Barclays PLC

Barclays PLC lifted its holdings in Inseego Corp. (NASDAQ:INSG) by 71.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,051 shares of the technology company’s stock after acquiring an additional 1,686 shares during the quarter. Barclays PLC’s holdings in Inseego were worth $67,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Inseego in the third quarter valued at approximately $26,000. Covestor Ltd acquired a new position in Inseego during the third quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Inseego during the third quarter worth about $73,000. Olympiad Research LP acquired a new stake in shares of Inseego in the 3rd quarter valued at approximately $184,000. Finally, Centiva Capital LP purchased a new stake in shares of Inseego during the 3rd quarter worth approximately $214,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on INSG shares. Roth Mkm raised Inseego from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.00 to $15.00 in a research note on Thursday, November 14th. TD Cowen dropped their target price on Inseego from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Roth Capital raised Inseego from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus reduced their price objective on Inseego from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, December 20th.

Inseego Stock Down 3.8 %

Shares of INSG opened at $11.26 on Friday. The company has a 50 day moving average of $12.33 and a 200-day moving average of $13.48. Inseego Corp. has a twelve month low of $1.62 and a twelve month high of $20.67. The stock has a market capitalization of $168.45 million, a P/E ratio of -6.26 and a beta of 1.49.

Insider Activity

In other Inseego news, Chairman Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was purchased at an average price of $12.40 per share, with a total value of $124,000.00. Following the acquisition, the chairman now directly owns 177,763 shares of the company’s stock, valued at approximately $2,204,261.20. This trade represents a 5.96 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Inseego Company Profile

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.