Insider Buying: Minim (NASDAQ:FIEE) Major Shareholder Acquires $2,758,253.49 in Stock

Minim, Inc. (NASDAQ:FIEE) major shareholder Corporate Services Lt Elements purchased 2,138,181 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average price of $1.29 per share, for a total transaction of $2,758,253.49. Following the acquisition, the insider owned 3,119,830 shares of the company’s stock, valued at $4,024,580.70. The trade was a 217.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Minim Stock Up 16.8%

Shares of FIEE stock opened at $6.67 on Friday. The firm has a market cap of $533,600.00, a price-to-earnings ratio of -1.26 and a beta of 1.81. Minim, Inc. has a 12 month low of $0.16 and a 12 month high of $7.95. The stock has a 50-day moving average price of $3.87 and a 200 day moving average price of $3.04.

Minim (NASDAQ:FIEE) last issued its earnings results on Wednesday, November 12th. The company reported ($0.05) EPS for the quarter. Minim had a negative net margin of 105.18% and a negative return on equity of 1,144.78%. The business had revenue of $1.94 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Minim in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Minim

Minim, Inc (NASDAQ:FIEE) is a technology company specializing in network intelligence and security solutions for service providers, managed service providers (MSPs) and enterprise customers. The company’s core offering is a cloud-based platform that centralizes network management, device monitoring and automated troubleshooting across wired and wireless infrastructure. By leveraging machine learning and analytics, Minim aims to simplify onboarding, optimize performance and reduce operational costs for broadband providers and IT teams.

Minim’s software suite provides real-time visibility into network health, topology mapping and usage metrics, along with integrated security features designed to detect and block threats at the network edge.