IronNet, Inc. (NYSE:IRNT – Get Rating) was the target of some unusual options trading activity on Thursday. Stock investors bought 2,630 call options on the company. This represents an increase of 147% compared to the average daily volume of 1,065 call options.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of IRNT. Vanguard Group Inc. boosted its stake in IronNet by 103.6% during the first quarter. Vanguard Group Inc. now owns 1,749,499 shares of the company's stock worth $6,648,000 after buying an additional 890,248 shares during the period. State Street Corp lifted its position in shares of IronNet by 727.0% during the second quarter. State Street Corp now owns 988,319 shares of the company's stock worth $2,184,000 after purchasing an additional 868,814 shares in the last quarter. Northern Trust Corp lifted its position in shares of IronNet by 759.9% during the second quarter. Northern Trust Corp now owns 505,633 shares of the company's stock worth $1,118,000 after purchasing an additional 446,832 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of IronNet during the second quarter worth about $168,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of IronNet during the third quarter worth about $49,000. Hedge funds and other institutional investors own 19.41% of the company's stock.
Get IronNet alerts:IronNet Trading Down 5.7 %
Shares of IRNT opened at $0.34 on Friday. IronNet has a 12-month low of $0.20 and a 12-month high of $4.42. The firm has a 50-day moving average price of $0.42 and a 200 day moving average price of $0.58. The firm has a market capitalization of $35.32 million, a P/E ratio of -0.10 and a beta of 1.30.
About IronNet
(Get Rating)
IronNet, Inc designs and develops solutions for cyber-attacks. The company offers IronDefense, an advanced network detection and response solution that provides behavior-based and AI-driven analytics at the network level to detect anomalous activity at individual enterprises and prioritize the threats in its network; and IronDome, a threat-exchange solution that enables collective defense member enterprises to actively exchange individual anonymized cyber anomalies at machine speed in a community of public-private peers.
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