IronNet, Inc. (NYSE:IRNT) Director Michael J. Rogers Buys 13,297 Shares

IronNet, Inc. (NYSE:IRNT) Director Michael J. Rogers bought 13,297 shares of IronNet stock in a transaction that occurred on Friday, January 14th. The shares were acquired at an average cost of $3.50 per share, for a total transaction of $46,539.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE:IRNT opened at $3.46 on Friday. The stock has a 50-day moving average of $6.96. IronNet, Inc. has a 12 month low of $3.22 and a 12 month high of $47.50.

IronNet (NYSE:IRNT) last posted its earnings results on Wednesday, December 15th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.11). The firm had revenue of $6.91 million for the quarter, compared to analysts’ expectations of $13.45 million. As a group, research analysts predict that IronNet, Inc. will post -3.28 earnings per share for the current year.

A number of brokerages have issued reports on IRNT. Jefferies Financial Group cut their price target on shares of IronNet from $6.00 to $4.25 in a report on Thursday, January 6th. Zacks Investment Research raised shares of IronNet from a “sell” rating to a “hold” rating in a report on Wednesday, January 5th. Guggenheim began coverage on shares of IronNet in a report on Tuesday. They issued a “neutral” rating on the stock. BTIG Research began coverage on shares of IronNet in a report on Friday, September 24th. They issued a “neutral” rating on the stock. Finally, Needham & Company LLC lowered shares of IronNet from a “buy” rating to a “hold” rating in a report on Thursday, December 16th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, IronNet presently has a consensus rating of “Hold” and an average price target of $16.63.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. KPCB DGF II Associates LLC purchased a new position in IronNet in the third quarter worth about $102,334,000. Capital Research Global Investors bought a new stake in IronNet during the third quarter valued at approximately $64,236,000. Temasek Holdings Private Ltd bought a new stake in IronNet during the third quarter valued at approximately $47,601,000. Athanor Capital LP bought a new stake in IronNet during the third quarter valued at approximately $15,220,000. Finally, Phoenix Holdings Ltd. bought a new stake in IronNet during the third quarter valued at approximately $17,050,000. 59.98% of the stock is owned by institutional investors.

About IronNet

IronNet Cybersecurity Inc provides cybersecurity by delivering collective defense platform. IronNet Cybersecurity Inc, formerly known as LGL Systems Acquisition Corp., is based in RENO, NV.

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