James C. Gerber Sells 30,000 Shares of IronNet, Inc. (NYSE:IRNT) Stock

IronNet, Inc. (NYSE:IRNTGet Rating) CFO James C. Gerber sold 30,000 shares of the stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $3.17, for a total transaction of $95,100.00. Following the sale, the chief financial officer now directly owns 1,145,793 shares in the company, valued at $3,632,163.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

IRNT stock opened at $3.07 on Wednesday. IronNet, Inc. has a 12 month low of $2.65 and a 12 month high of $47.50. The firm has a 50-day moving average of $4.06 and a two-hundred day moving average of $7.28.

A number of research analysts recently weighed in on IRNT shares. Jefferies Financial Group decreased their price target on shares of IronNet from $6.00 to $4.25 in a research note on Thursday, January 6th. Needham & Company LLC lowered shares of IronNet from a “buy” rating to a “hold” rating in a research note on Thursday, December 16th. Guggenheim started coverage on shares of IronNet in a research note on Tuesday, January 11th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised shares of IronNet from a “sell” rating to a “hold” rating in a research note on Tuesday, February 15th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, IronNet presently has an average rating of “Hold” and an average target price of $16.63.

A number of hedge funds have recently added to or reduced their stakes in IRNT. Capital Research Global Investors acquired a new stake in IronNet in the 3rd quarter valued at about $64,236,000. Temasek Holdings Private Ltd acquired a new stake in IronNet in the 3rd quarter valued at about $47,601,000. Athanor Capital LP acquired a new stake in IronNet in the 3rd quarter valued at about $15,220,000. Phoenix Holdings Ltd. acquired a new stake in IronNet in the 3rd quarter valued at about $17,050,000. Finally, Marshall Wace LLP acquired a new stake in IronNet in the 3rd quarter valued at about $10,230,000. Institutional investors own 27.91% of the company’s stock.

IronNet Company Profile (Get Rating)

IronNet, Inc designs and develops solutions for cyber-attacks. It offers IronDefense, a network traffic analysis platform that delivers scalable behavioral analysis and integrated packet-level cyber hunt to detect advanced threats; and IronDome, a collective defense solution that delivers machine-speed visibility of potential threat campaigns targeting participant industry peers.

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