Robert Y. Iv Newell Buys 10,000 Shares of Peraso Inc. (NASDAQ:PRSO) Stock

Peraso Inc. (NASDAQ:PRSO – Get Rating) Director Robert Y. Iv Newell bought 10,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were purchased at an average price of $1.65 per share, for a total transaction of $16,500.00. Following the purchase, the director now owns 90,862 shares in the company, valued at approximately $149,922.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ PRSO traded up $0.03 on Monday, reaching $1.66. The company had a trading volume of 32,441 shares, compared to its average volume of 76,508. The stock has a market cap of $35.82 million, a PE ratio of -3.77 and a beta of 2.33. The stock’s 50 day moving average is $2.00. Peraso Inc. has a 12 month low of $1.49 and a 12 month high of $10.75.

Peraso (NASDAQ:PRSO – Get Rating) last announced its quarterly earnings results on Tuesday, March 8th. The company reported ($0.88) earnings per share (EPS) for the quarter. Peraso had a negative net margin of 92.34% and a negative return on equity of 47.19%. The company had revenue of $1.86 million during the quarter.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Peraso by 43.0% during the 1st quarter. Vanguard Group Inc. now owns 394,910 shares of the company’s stock worth $877,000 after purchasing an additional 118,700 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Peraso by 60.9% during the 1st quarter. Renaissance Technologies LLC now owns 296,200 shares of the company’s stock worth $658,000 after purchasing an additional 112,065 shares during the period. Geode Capital Management LLC purchased a new position in shares of Peraso during the 4th quarter worth about $287,000. Dimensional Fund Advisors LP purchased a new position in shares of Peraso during the 4th quarter worth about $171,000. Finally, State Street Corp purchased a new stake in Peraso in the 4th quarter valued at about $111,000. Hedge funds and other institutional investors own 5.61% of the company’s stock.

About Peraso (Get Rating)

Peraso Inc operates as a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. It focuses on development of millimeter wavelength (mmWave) for the 60 gigahertz, spectrum, and for 5G cellular networks. The company's products include mmWave ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave modules.

Read More