Inseego Corp. (NASDAQ:INSG) Shares Bought by Barclays PLC

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

Other hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in Inseego in the third quarter valued at approximately $26,000. Covestor Ltd purchased a new position in shares of Inseego in the 3rd quarter valued at $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Inseego in the third quarter valued at $73,000. Olympiad Research LP purchased a new position in shares of Inseego during the third quarter worth about $184,000. Finally, Centiva Capital LP acquired a new stake in shares of Inseego during the third quarter worth about $214,000. Hedge funds and other institutional investors own 34.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on INSG shares. 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 report on Friday, December 20th. TD Cowen reduced their price target on shares of Inseego from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Roth Capital upgraded shares of Inseego from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Roth Mkm upgraded shares of Inseego from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $15.00 in a research note on Thursday, November 14th.

Inseego Price Performance

Shares of NASDAQ INSG opened at $12.28 on Friday. The company has a market cap of $183.71 million, a PE ratio of -6.82 and a beta of 1.49. The stock has a fifty day moving average price of $11.33 and a 200 day moving average price of $13.51. Inseego Corp. has a 1-year low of $1.90 and a 1-year high of $20.67.

Insider Transactions at Inseego

In other Inseego news, Chairman Philip G. Brace bought 10,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were bought at an average price of $12.40 per share, for a total transaction of $124,000.00. Following the transaction, the chairman now owns 177,763 shares of the company’s stock, valued at approximately $2,204,261.20. This trade represents a 5.96 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

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.