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

Connectm Technology Solutions Inc. (NASDAQ:CNTM) insider Mahesh Choudhury acquired 27,800 shares of the company’s stock in a transaction on Friday, December 20th. The shares were bought at an average cost of $1.09 per share, with a total value of $30,302.00. Following the acquisition, the insider now directly owns 259,768 shares in the company, valued at approximately $283,147.12. The trade was a 11.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

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

Connectm Technology Solutions Stock Performance

NASDAQ:CNTM opened at $1.03 on Thursday. Connectm Technology Solutions Inc. has a 1 year low of $0.67 and a 1 year high of $12.47. The business has a 50 day moving average price of $0.91.

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

Institutional Trading of Connectm Technology Solutions

An institutional investor recently bought a new position in Connectm Technology Solutions stock. Brighton Jones LLC acquired a new position in shares of Connectm Technology Solutions Inc. (NASDAQ:CNTM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 273,842 shares of the company’s stock, valued at approximately $315,000. Brighton Jones LLC owned about 11.91% of Connectm Technology Solutions at the end of the most recent reporting period. Hedge funds and other institutional investors own 79.59% of the company’s stock.

About Connectm Technology Solutions

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.