A Director at iPass (NASDAQ: IPAS) is Buying Shares

By Carrie Williams

Yesterday, a Director at iPass (NASDAQ: IPAS), David Panos, bought shares of IPAS for $22.95K.

This recent transaction increases David Panos’ holding in the company by 27.27% to a total of $68.4K. In addition to David Panos, 2 other IPAS executives reported Buy trades in the last month.

Based on iPass’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $15.88 million and GAAP net loss of $1.34 million. In comparison, last year the company earned revenue of $14.99 million and had a GAAP net loss of $3.43 million. Currently, iPass has an average volume of 93.42K. The company has a one year high of $1.89 and a one year low of $0.81.

Three different firms, including Chardan Capital and Maxim Group, currently also have a Buy rating on the stock.

The insider sentiment on iPass has been positive according to 19 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

iPass, Inc. provides Wi-Fi roaming services for enterprise employees and service provider subscribers. The company operates its business through the following segment: Mobility Services. The Mobility Services segment offers open mobile enterprise and open mobile exchange services. This segment also helps enterprises manage the networks, connections and devices used by their mobile workforce. Its open mobile platform is a cloud-based mobility management that manages network connectivity and subscribers of computing & mobile devices and networks provider. This platform also allows enterprise to configure and manage its mobility offering by providing reporting and analytics on mobile usage across the networks and devices used by the enterprise. iPass was founded in July 1996 and is headquartered in Redwood Shores, CA.