Institutional Investors That Jumped Off The Taoping Inc. (TAOP) Banwagon

Taoping Inc. (NASDAQ:TAOP) marched up 21% compared to a 52-week low price of $1. The shares were last seen trading -3.2% lower, taking the closing price at $1.21 on 01/11/2019. At recent session, the prices were hovering between $1.19 and $1.28. This company shares are 643.8% off its target price of $9 and the current market capitalization stands at $51M. The recent change has given its price a 0.44% lead over SMA 50 and -62.19% deficit over its 52-week high. The stock witnessed 10% gains, -0.82% declines and -3.97% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TAOP’s volatility during a week at 9.41% and during a month it has been found around 6.94%.

Taoping Inc. 13F Filings

At the end of September reporting period, 6 institutional holders increased their position in Taoping Inc. (NASDAQ:TAOP) by some 23,662 shares, 5 decreased positions by 79,287 and 2 held positions by 11,582. That puts total institutional holdings at 114,531 shares, according to SEC filings. The stock grabbed 4 new institutional investments totaling 15,994 shares while 5 institutional investors sold out their entire positions totaling 79,287 shares.

Taoping Inc. (NASDAQ:TAOP) Insider Trades

Multiple company employees have indulged in significant insider trading. Taoping Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO, 10% Owner Lin Jiang Huai has acquired 1,400,000 shares of Taoping Inc. (TAOP) in trading session dated Sep. 10, 2012. These shares are worth $1,540,000 and were traded at $1.1 each. The SEC filing shows that Lin Jiang Huai performed a purchase of 23,949 shares. The President and CEO, 10% Owner added these shares by way of transaction on Aug. 24, 2012. The company’s shares were assimilated at $0.87 per share worth to an investment of some $20,836 on account of Lin Jiang Huai.

President and CEO, 10% Owner, Lin Jiang Huai, purchased 25,600 common shares of Taoping Inc. (TAOP) in the open market. In a transaction dated Aug. 24, 2012, the shares were bought at an average price of $0.87, giving away a sum of $22,272. After this purchase, 12,594,401 common shares of TAOP are directly owned by the insider, with total stake valued at $15,239,225.

In the transaction dated Aug. 23, 2012, the great number of shares acquired came courtesy the President and CEO, 10% Owner; Lin Jiang Huai added a total of 51,200 shares at an average price of $0.92, amounting to approximately $47,104. The insider now directly owns 12,568,801 shares worth $15,208,249.