Society Pass Incorporated (NASDAQ:SOPA) Director Purchases $347,040,000.00 in Stock

Society Pass Incorporated (NASDAQ:SOPA) Director Michael Paul Dunn, Jr. bought 12,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of $28,920.00 per share, with a total value of $347,040,000.00. Following the acquisition, the director now directly owns 12,262 shares of the company’s stock, valued at approximately $354,617,040. This represents a 4,580.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Society Pass Price Performance

Shares of SOPA stock traded down $0.31 during trading hours on Tuesday, reaching $2.12. 2,431,674 shares of the stock were exchanged, compared to its average volume of 6,303,746. The business’s fifty day moving average is $0.98 and its two-hundred day moving average is $1.03. Society Pass Incorporated has a 12-month low of $0.73 and a 12-month high of $3.56. The firm has a market capitalization of $7.74 million, a P/E ratio of -0.41 and a beta of 1.33.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Society Pass

An institutional investor recently bought a new position in Society Pass stock. Virtu Financial LLC bought a new position in shares of Society Pass Incorporated (NASDAQ:SOPA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.73% of Society Pass at the end of the most recent quarter. Institutional investors own 3.09% of the company’s stock.

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.