Insider Buying: Alphawave IP Group plc (LON:AWE) Insider Buys 500,000 Shares of Stock

Alphawave IP Group plc (LON:AWE – Get Rating) insider Sehat Sutardja acquired 500,000 shares of Alphawave IP Group stock in a transaction on Tuesday, May 17th. The shares were purchased at an average price of GBX 143 ($1.76) per share, for a total transaction of £715,000 ($881,410.26).

Sehat Sutardja also recently made the following trade(s):

• On Tuesday, May 17th, Sehat Sutardja bought 500,000 shares of Alphawave IP Group stock. The stock was purchased at an average price of GBX 143 ($1.76) per share, with a total value of £715,000 ($881,410.26).
• On Wednesday, May 11th, Sehat Sutardja purchased 626,480 shares of Alphawave IP Group stock. The shares were purchased at an average price of GBX 146 ($1.80) per share, for a total transaction of £914,660.80 ($1,127,540.43).
• On Monday, May 9th, Sehat Sutardja acquired 500,000 shares of Alphawave IP Group stock. The stock was acquired at an average cost of GBX 121 ($1.49) per share, with a total value of £605,000 ($745,808.68).

Shares of LON AWE opened at GBX 151.80 ($1.87) on Thursday. Alphawave IP Group plc has a 12-month low of GBX 113.60 ($1.40) and a 12-month high of GBX 473.60 ($5.84). The stock’s fifty day simple moving average is GBX 158.82 and its two-hundred day simple moving average is GBX 173.76. The stock has a market capitalization of £1.01 billion and a PE ratio of 140.00. The company has a current ratio of 15.94, a quick ratio of 15.94 and a debt-to-equity ratio of 1.48.

Separately, Barclays restated an “overweight” rating and issued a GBX 500 ($6.16) price target on shares of Alphawave IP Group in a report on Friday, April 29th.

About Alphawave IP Group (Get Rating)

Alphawave IP Group plc designs, develops, and sells digital signal processing (DSP)-based, multi-standard wired connectivity silicon IP solutions. It offers connectivity, integrated products, and chiplet Ips. It licenses its technology to semiconductor companies and electronic equipment manufacturers.

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