Donald Closser Sells 6,563 Shares of IronNet, Inc. (NYSE:IRNT) Stock

IronNet, Inc. (NYSE:IRNT – Get Rating) insider Donald Closser sold 6,563 shares of the firm’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $2.84, for a total transaction of $18,638.92. Following the completion of the sale, the insider now directly owns 969,618 shares of the company’s stock, valued at approximately $2,753,715.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Donald Closser also recently made the following trade(s):

• On Friday, April 1st, Donald Closser sold 9,328 shares of IronNet stock. The stock was sold at an average price of $3.74, for a total transaction of $34,886.72.
• On Friday, March 25th, Donald Closser sold 4,304 shares of IronNet stock. The stock was sold at an average price of $4.00, for a total transaction of $17,216.00.
• On Monday, March 21st, Donald Closser sold 45,000 shares of IronNet stock. The stock was sold at an average price of $4.00, for a total transaction of $180,000.00.
• On Tuesday, March 8th, Donald Closser sold 128,376 shares of IronNet stock. The stock was sold at an average price of $4.15, for a total transaction of $532,760.40.

Shares of NYSE:IRNT traded down $0.04 during trading on Tuesday, reaching $2.49. 2,229 shares of the company were exchanged, compared to its average volume of 4,199,606. The business’s fifty day simple moving average is $3.63 and its 200-day simple moving average is $5.32. IronNet, Inc. has a 12-month low of $2.48 and a 12-month high of $47.50.

IronNet (NYSE:IRNT – Get Rating) last issued its earnings results on Wednesday, April 6th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.24). The firm had revenue of $8.18 million for the quarter, compared to analyst estimates of $6.85 million. Equities research analysts predict that IronNet, Inc. will post -0.81 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada purchased a new position in IronNet during the third quarter valued at approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new position in IronNet during the third quarter valued at approximately $65,000. Advisor Group Holdings Inc. purchased a new position in IronNet during the third quarter valued at approximately $90,000. Citigroup Inc. purchased a new position in IronNet during the fourth quarter valued at approximately $30,000. Finally, BCGM Wealth Management LLC purchased a new position in IronNet during the first quarter valued at approximately $30,000. 13.99% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on IRNT. Guggenheim began coverage on shares of IronNet in a research note on Tuesday, January 11th. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of IronNet from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research report on Wednesday, April 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.25.

About IronNet (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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