Barclays PLC Purchases 1,686 Shares of Inseego Corp. (NASDAQ:INSG)

Barclays PLC grew its position in Inseego Corp. (NASDAQ:INSG) by 71.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,051 shares of the technology company’s stock after purchasing an additional 1,686 shares during the period. Barclays PLC’s holdings in Inseego were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INSG. Aviva Holdings Ltd. bought a new position in Inseego in the 3rd quarter worth about $41,219,000. Jane Street Group LLC lifted its holdings in Inseego by 142.9% in the 3rd quarter. Jane Street Group LLC now owns 24,307 shares of the technology company’s stock worth $397,000 after buying an additional 80,996 shares during the period. Marshall Wace LLP bought a new position in Inseego in the 2nd quarter worth $833,000. Renaissance Technologies LLC purchased a new stake in Inseego in the second quarter worth about $274,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Inseego during the third quarter valued at approximately $353,000. 34.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Inseego

In other news, Chairman Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $12.40 per share, for a total transaction of $124,000.00. Following the purchase, the chairman now owns 177,763 shares in the company, valued at $2,204,261.20. This trade represents a 5.96 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Inseego Price Performance

NASDAQ:INSG opened at $11.26 on Friday. The business has a fifty day moving average price of $12.33 and a 200-day moving average price of $13.48. The firm has a market capitalization of $168.45 million, a price-to-earnings ratio of -6.26 and a beta of 1.49. Inseego Corp. has a one year low of $1.62 and a one year high of $20.67.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INSG. Stifel Nicolaus cut their price target on Inseego from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Roth Capital upgraded Inseego from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 14th. TD Cowen dropped their price target on shares of Inseego from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Finally, Roth Mkm raised Inseego from a “neutral” rating to a “buy” rating and increased their price target for the company from $13.00 to $15.00 in a report on Thursday, November 14th.

Inseego Company Profile

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.