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

Society Pass Incorporated (NASDAQ:SOPA) Director Michael Paul Dunn, Jr. purchased 12,000 shares of Society Pass stock in a transaction dated Monday, February 3rd. The stock was bought at an average cost of $28,920.00 per share, with a total value of $347,040,000.00. Following the completion of the purchase, the director now owns 12,262 shares in the company, valued at approximately $354,617,040. This trade represents a 4,580.15 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Society Pass Stock Performance

Society Pass stock opened at $2.08 on Friday. The firm has a market cap of $7.59 million, a price-to-earnings ratio of -0.41 and a beta of 1.33. Society Pass Incorporated has a 1 year low of $0.73 and a 1 year high of $3.56. The firm’s 50 day moving average price is $1.02 and its two-hundred day moving average price is $1.04.

Institutional Investors Weigh In On Society Pass

A hedge fund recently bought a new stake in Society Pass stock. Virtu Financial LLC bought a new stake in shares of Society Pass Incorporated (NASDAQ:SOPA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,772 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.73% of Society Pass as of its most recent SEC filing. Institutional investors own 3.09% of the company’s stock.

Analysts Set New Price Targets

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

About Society Pass

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.