In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ideal Power Inc. (NASDAQ:IPWR) reported that Awm Investment Company, Inc. has picked up 1,346,935 of common stock as of 2017-03-09.
The acquisition brings the aggregate amount owned by Awm Investment Company, Inc. to a total of 1,346,935 representing a 9.99% stake in the company.
For those not familiar with the company, Ideal Power Inc. (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid. It focuses on licensing PPSA-based product designs to original equipment manufacturers (OEMs) within its target markets. Its products use multiple insulated gate bipolar transistors (IGBTs), which switch power in a direction, including direct current (DC) to alternating current (AC), or AC to DC. The PPSA uses indirect power flow in which power flows through input switches, and is temporarily stored in its AC link inductor.
A glance at Ideal Power Inc. (NASDAQ:IPWR)’s key stats reveals a current market capitalization of 30.30 million based on 9.56 million shares outstanding and a price at last close of $2.95 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-03, O’keefe picked up 7,800 at a purchase price of $2.54. This brings their total holding to 9,300 as of the date of the filing.
On the sell side, the most recent transaction saw Alexander unload 8,000 shares at a sale price of $5.02. This brings their total holding to 396,996.
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 Ideal Power Inc. (NASDAQ:IPWR) as things move forward to see if its progress aligns with these transactions.
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