Connectm Technology Solutions Inc. (NASDAQ:CNTM) Insider Buys $30,302.00 in Stock

Connectm Technology Solutions Inc. (NASDAQ:CNTM) insider Mahesh Choudhury bought 27,800 shares of the stock in a transaction dated Friday, December 20th. The stock was purchased at an average price of $1.09 per share, with a total value of $30,302.00. Following the acquisition, the insider now directly owns 259,768 shares in the company, valued at approximately $283,147.12. The trade was a 11.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mahesh Choudhury also recently made the following trade(s):

• On Wednesday, December 18th, Mahesh Choudhury acquired 6,900 shares of Connectm Technology Solutions stock. The stock was purchased at an average cost of $0.82 per share, for a total transaction of $5,658.00.

Connectm Technology Solutions Trading Up 1.0 %

CNTM opened at $1.03 on Thursday. The company’s 50 day simple moving average is $0.91. Connectm Technology Solutions Inc. has a one year low of $0.67 and a one year high of $12.47.

Connectm Technology Solutions (NASDAQ:CNTM) last released its earnings results on Friday, December 13th. The company reported ($0.61) earnings per share for the quarter. During the same period last year, the firm posted ($0.12) earnings per share.

Institutional Investors Weigh In On Connectm Technology Solutions

An institutional investor recently bought a new position in Connectm Technology Solutions stock. Brighton Jones LLC purchased a new stake in Connectm Technology Solutions Inc. (NASDAQ:CNTM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 273,842 shares of the company’s stock, valued at approximately $315,000. Brighton Jones LLC owned 11.91% of Connectm Technology Solutions as of its most recent filing with the Securities and Exchange Commission (SEC). 79.59% of the stock is owned by institutional investors and hedge funds.

Connectm Technology Solutions Company Profile

ConnectM Technology Solutions, Inc, a technology company, focuses on advancing the electrification economy by integrating electrified energy assets with its AI-driven technology solutions platform. It provides residential and light commercial buildings, and all-electric original equipment manufacturers with a platform to accelerate the transition to solar and all-electric heating, cooling, and transportation.