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 stock was bought at an average price of $5.91 per share, for a total transaction of $26,595.00. Following the acquisition, the chief executive officer now owns 179,526 shares of the company’s stock, valued at $1,060,998.66. This represents a 2.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Ideal Power Trading Down 2.2 %

NASDAQ:IPWR opened at $6.62 on Friday. The company has a 50-day moving average price of $7.50 and a 200-day moving average price of $7.50. The stock has a market cap of $53.95 million, a price-to-earnings ratio of -4.73 and a beta of 1.10. Ideal Power Inc. has a 12 month low of $5.61 and a 12 month high of $13.98.

Institutional Trading of Ideal Power

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Ideal Power by 1.9% during the 1st 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 period. Virtu Financial LLC bought a new stake in shares of Ideal Power during the first quarter valued at approximately $90,000. Bailard Inc. grew its stake in Ideal Power by 13.8% in the second quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock worth $181,000 after purchasing an additional 3,100 shares during the period. Finally, Geode Capital Management LLC grew its stake in Ideal Power by 13.2% in the third quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock worth $639,000 after purchasing an additional 9,075 shares during the period. 16.37% of the stock is currently owned by hedge funds and other institutional investors.

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.