Connectm Technology Solutions Inc. (NASDAQ:CNTM) Insider Purchases $30,302.00 in Stock

Connectm Technology Solutions Inc. (NASDAQ:CNTM) insider Mahesh Choudhury purchased 27,800 shares of the stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of $1.09 per share, for a total transaction of $30,302.00. Following the acquisition, the insider now owns 259,768 shares in the company, valued at approximately $283,147.12. This represents a 11.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Mahesh Choudhury also recently made the following trade(s):

• On Wednesday, December 18th, Mahesh Choudhury acquired 6,900 shares of Connectm Technology Solutions stock. The stock was bought at an average price of $0.82 per share, for a total transaction of $5,658.00.

Connectm Technology Solutions Price Performance

CNTM stock opened at $1.03 on Wednesday. The business has a 50 day moving average of $0.91. Connectm Technology Solutions Inc. has a one year low of $0.67 and a one year high of $12.47.

Connectm Technology Solutions (NASDAQ:CNTM) last posted its quarterly earnings data on Friday, December 13th. The company reported ($0.61) earnings per share (EPS) for the quarter. During the same period in the prior year, the company earned ($0.12) EPS.

Hedge Funds Weigh In On Connectm Technology Solutions

An institutional investor recently bought a new position in Connectm Technology Solutions stock. Polar Asset Management Partners Inc. bought a new position in Connectm Technology Solutions Inc. (NASDAQ:CNTM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 149,200 shares of the company’s stock, valued at approximately $172,000. Polar Asset Management Partners Inc. owned about 0.71% of Connectm Technology Solutions at the end of the most recent reporting period. 79.59% of the stock is currently owned by institutional investors and hedge funds.

Connectm Technology Solutions Company Profile

ConnectM Technology Solutions, Inc, a technology company, focuses on advancing the electrification economy by integrating electrified energy assets with its AI-driven technology solutions platform. It provides residential and light commercial buildings, and all-electric original equipment manufacturers with a platform to accelerate the transition to solar and all-electric heating, cooling, and transportation.