Michael Paul Dunn, Jr. Acquires 12,000 Shares of Society Pass Incorporated (NASDAQ:SOPA) Stock

Society Pass Incorporated (NASDAQ:SOPA) Director Michael Paul Dunn, Jr. acquired 12,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was acquired at an average cost of $28,920.00 per share, for a total transaction of $347,040,000.00. Following the completion of the acquisition, the director now directly owns 12,262 shares in the company, valued at approximately $354,617,040. The trade was a 4,580.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Society Pass Price Performance

Society Pass stock opened at $1.78 on Thursday. The stock has a market capitalization of $6.50 million, a PE ratio of -0.35 and a beta of 1.33. The business has a 50 day simple moving average of $1.00 and a 200-day simple moving average of $1.04. Society Pass Incorporated has a 12 month low of $0.73 and a 12 month high of $3.56.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets lowered their price target on shares of Society Pass from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, December 5th.

Hedge Funds Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC purchased a new position in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.73% of Society Pass as of its most recent SEC filing. 3.09% of the stock is owned by hedge funds and other institutional investors.

Society Pass Company Profile

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Singapore, Vietnam, Indonesia, Philippines, the United States, Malaysia, Hong Kong, and Thailand. It operates through Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale segments.