Ideal Power Inc. (NASDAQ:IPWR) CEO Purchases $26,595.00 in Stock

Ideal Power Inc. (NASDAQ:IPWR) CEO Daniel Brdar purchased 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of $5.91 per share, for a total transaction of $26,595.00. Following the completion of the purchase, the chief executive officer now directly owns 179,526 shares in the company, valued at $1,060,998.66. This represents a 2.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ideal Power Price Performance

Shares of Ideal Power stock opened at $5.87 on Thursday. The company’s fifty day moving average is $7.56 and its two-hundred day moving average is $7.52. Ideal Power Inc. has a 1 year low of $5.61 and a 1 year high of $13.98.

Institutional Trading of Ideal Power

Institutional investors have recently added to or reduced their stakes in the stock. Bailard Inc. raised its position in Ideal Power by 13.8% during the second quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock worth $181,000 after acquiring an additional 3,100 shares during the last quarter. Vanguard Group Inc. raised its position in Ideal Power by 1.9% during the first quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company’s stock worth $2,393,000 after acquiring an additional 5,004 shares during the last quarter. Geode Capital Management LLC raised its position in Ideal Power by 13.2% during the third quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock worth $639,000 after acquiring an additional 9,075 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Ideal Power during the first quarter worth about $90,000. Hedge funds and other institutional investors own 16.37% of the company’s stock.

About Ideal Power

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.