Ipass Inc (IPAS) Files Form 4 Insider Buying : Gary A Griffiths Buys 20,000 Shares

Ipass Inc (IPAS): Gary A Griffiths , CEO of Ipass Inc purchased 20,000 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.19 per share for a total value of $23,700.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 9, 2016, Gary A Griffiths (CEO) purchased 10,000 shares at $1.01 per share price.On Mar 2, 2016, Michael Tedesco (director) purchased 15,000 shares at $0.99 per share price.Also, On Feb 26, 2016, Damien Park (director) purchased 10,000 shares at $0.97 per share price.On Sep 28, 2015, Richard Alan Karp (director) purchased 150,000 shares at $1.03 per share price.

Shares of iPass (IPAS) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -1.69% at $1.16 with 1,00,278 shares getting traded. Post opening the session at $1.18, the shares hit an intraday low of $1.11 and an intraday high of $1.19 and the price vacillated in this range throughout the day. The company has a market cap of $75 M and the number of outstanding shares has been calculated to be 6,45,97,214 shares. The 52-week high of iPass is $1.2 and the 52-week low is $0.805.

iPass Money Flow Index Chart

iPass (NASDAQ: IPAS) is a Wi-Fi network offering convenient secure always-on Wi-Fi access on any mobile device. Built on a software-as-a-service (SaaS) platform the iPass cloud-based service keeps its customers connected by providing unlimited Wi-Fi connectivity on unlimited devices. Using technology iPass SmartConnect takes the guesswork out of Wi-Fi automatically connecting customers to the best hotspot for their needs. Customers simply download the iPass app to experience unlimited everywhere and invisible Wi-Fi. The Company sells its services directly through its global sales force as well as through reseller and carrier partners. The Company is headquartered in Redwood Shores California.

Leave a Reply

iPass - Is it time to Sell?

Top Brokerage Firms are advising their investors on iPass. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.