CISO Global (NASDAQ:CISO) Shares Up 4.9% – Here’s What Happened

CISO Global, Inc. (NASDAQ:CISO)’s stock price shot up 4.9% on Monday . The stock traded as high as $1.35 and last traded at $1.28. 1,208,536 shares traded hands during trading, an increase of 27% from the average session volume of 952,537 shares. The stock had previously closed at $1.22.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CISO Global in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

CISO Global Stock Up 4.9%

The firm’s fifty day simple moving average is $1.06 and its 200 day simple moving average is $0.97.

CISO Global (NASDAQ:CISO) last announced its earnings results on Thursday, August 14th. The company reported ($0.09) EPS for the quarter. CISO Global had a negative return on equity of 264.11% and a negative net margin of 61.08%.The firm had revenue of $6.71 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CISO. Geode Capital Management LLC boosted its holdings in shares of CISO Global by 280.8% in the second quarter. Geode Capital Management LLC now owns 228,690 shares of the company’s stock worth $263,000 after buying an additional 168,637 shares during the period. Jane Street Group LLC acquired a new stake in shares of CISO Global during the second quarter worth approximately $94,000. Finally, XTX Topco Ltd acquired a new stake in shares of CISO Global during the second quarter worth approximately $37,000. 40.08% of the stock is currently owned by institutional investors and hedge funds.

CISO Global Company Profile

CISO Global Inc operates as a cybersecurity and compliance company in the United States, Chile, and internationally. The company offers security managed services, including compliance, secured managed, and cyber defense operation services; culture education and enablement; tools and technology provisioning; data, privacy, regulations, and compliance monitoring; remote infrastructure administration; and antivirus and patch management services.