Ideal Power Inc. (NASDAQ:IPWR) Director Laban E. Lesster Acquires 3,000 Shares

Ideal Power Inc. (NASDAQ:IPWRGet Free Report) Director Laban E. Lesster bought 3,000 shares of Ideal Power stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of $5.88 per share, for a total transaction of $17,640.00. Following the acquisition, the director now directly owns 16,252 shares of the company’s stock, valued at $95,561.76. The trade was a 22.64 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ideal Power Stock Performance

Ideal Power stock opened at $6.62 on Friday. Ideal Power Inc. has a 12 month low of $5.61 and a 12 month high of $13.98. The stock’s 50-day moving average is $7.52 and its 200-day moving average is $7.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Bailard Inc. raised its stake in shares of Ideal Power by 13.8% during the second quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 3,100 shares during the period. Virtu Financial LLC acquired a new stake in shares of Ideal Power during the first quarter worth approximately $90,000. Vanguard Group Inc. increased its stake in shares of Ideal Power by 1.9% in the first quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company’s stock worth $2,393,000 after buying an additional 5,004 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Ideal Power by 13.2% in the third quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock valued at $639,000 after acquiring an additional 9,075 shares in the last quarter. Hedge funds and other institutional investors own 16.37% of the company’s stock.

Ideal Power Company Profile

(Get Free Report)

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.

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