Goldman Sachs Group Inc. Has $617,000 Stake in Inseego $INSG

Goldman Sachs Group Inc. decreased its position in shares of Inseego (NASDAQ:INSG) by 26.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,578 shares of the technology company’s stock after selling 27,661 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.50% of Inseego worth $617,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Inseego by 258.1% during the 4th quarter. BNP Paribas Financial Markets now owns 4,924 shares of the technology company’s stock valued at $51,000 after acquiring an additional 3,549 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Inseego by 16.8% during the 1st quarter. Mackenzie Financial Corp now owns 12,659 shares of the technology company’s stock valued at $103,000 after acquiring an additional 1,825 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Inseego by 23.6% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 19,313 shares of the technology company’s stock valued at $158,000 after acquiring an additional 3,685 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Inseego by 9.2% during the 4th quarter. Northern Trust Corp now owns 21,962 shares of the technology company’s stock valued at $225,000 after acquiring an additional 1,854 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Inseego during the 1st quarter valued at $317,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Sound Trading Lp North bought 31,094 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were purchased at an average cost of $8.98 per share, with a total value of $279,224.12. Following the acquisition, the director owned 2,128,669 shares of the company’s stock, valued at $19,115,447.62. This represents a 1.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders bought 55,001 shares of company stock worth $479,591. 20.90% of the stock is currently owned by insiders.

Inseego Stock Up 2.8%

NASDAQ INSG opened at $14.19 on Thursday. Inseego has a twelve month low of $6.24 and a twelve month high of $20.67. The company has a market cap of $213.42 million, a price-to-earnings ratio of -40.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.25. The business’s fifty day moving average is $10.19 and its 200 day moving average is $8.81.

About Inseego

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.