Here’s Who Just Picked Up Inseego Corp. (NASDAQ:INSG) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Inseego Corp. (NASDAQ:INSG) reported that Karsh Bruce A has picked up 4,093,464 of common stock as of 2017-05-31.

The acquisition brings the aggregate amount owned by Karsh Bruce A Limited Partnership to a total of 4,093,464 representing less than 7.3% stake in the company.

For those not familiar with the company, Inseego Corp, formerly Novatel Wireless, Inc., is a provider of software-as-a-service (SaaS) and solutions for the Internet of Things (IoT). The Company offers a range of products, including mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services. The Company sells its telematics solutions under the Ctrack brand, including its fleet management, asset tracking and monitoring, stolen vehicle recovery, and usage-based insurance platforms. It operates in the wireless communications industry in two product categories: M2M Products and Solutions, and Mobile Computing Solutions. It sells business connectivity solutions and device management services through its subsidiaries. Its products operate on cellular wireless technology platform. It serves over 590,000 global subscribers, including 182,000 fleet management subscribers.

A glance at Inseego Corp. (NASDAQ:INSG)’s key stats reveals a current market capitalization of 59.57 Million based on 55.97 Million shares outstanding and a price at last close of $1.02 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-03-17, United picked up 3,397,094  at a purchase price of $1.59. This brings their total holding to 8,338,270 as of the date of the filing.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Inseego Corp. (NASDAQ:INSG) as things move forward to see if its progress aligns with these transactions.

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