Paltalk, Inc. (NASDAQ:PALT – Get Free Report) major shareholder J. Crew Delaware Trust B sold 4,300 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $4.97, for a total value of $21,371.00. Following the completion of the sale, the insider now owns 1,510,249 shares in the company, valued at approximately $7,505,937.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Paltalk Stock Up 13.1 %
NASDAQ PALT opened at $4.84 on Monday. Paltalk, Inc. has a twelve month low of $1.37 and a twelve month high of $5.19. The stock has a 50-day moving average of $2.95 and a 200 day moving average of $2.24.
Hedge Funds Weigh In On Paltalk
A number of large investors have recently bought and sold shares of PALT. Geode Capital Management LLC raised its holdings in shares of Paltalk by 20.2% during the fourth quarter. Geode Capital Management LLC now owns 25,498 shares of the company’s stock valued at $33,000 after acquiring an additional 4,287 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Paltalk during the third quarter valued at approximately $26,000. Renaissance Technologies LLC acquired a new position in shares of Paltalk during the first quarter valued at approximately $44,000. Millennium Management LLC raised its holdings in shares of Paltalk by 137.7% during the second quarter. Millennium Management LLC now owns 36,208 shares of the company’s stock valued at $73,000 after acquiring an additional 20,975 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Paltalk during the first quarter valued at approximately $66,000. Institutional investors and hedge funds own 30.22% of the company’s stock.
Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user's existing cell phone or land line telephone number.
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