Helios and Matheson Analytics (HMNY) Shares Gap Up to $6.21

Helios and Matheson Analytics Inc (NASDAQ:HMNY) gapped up before the market opened on Wednesday . The stock had previously closed at $5.82, but opened at $6.21. Helios and Matheson Analytics shares last traded at $6.38, with a volume of 6556690 shares.

Separately, Maxim Group set a $25.00 price objective on shares of Helios and Matheson Analytics and gave the stock a “buy” rating in a research note on Thursday, November 16th.

In other news, Director Muralikrishna Gadiyaram sold 170,000 shares of Helios and Matheson Analytics stock in a transaction on Friday, November 17th. The shares were sold at an average price of $13.00, for a total transaction of $2,210,000.00. Following the completion of the sale, the director now directly owns 750,000 shares in the company, valued at $9,750,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 37.50% of the company’s stock.

A hedge fund recently bought a new stake in Helios and Matheson Analytics stock. Phoenix Investment Adviser LLC acquired a new position in shares of Helios and Matheson Analytics Inc (NASDAQ:HMNY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 46,000 shares of the information technology services provider’s stock, valued at approximately $584,000. Helios and Matheson Analytics accounts for about 0.5% of Phoenix Investment Adviser LLC’s holdings, making the stock its 29th largest holding. Phoenix Investment Adviser LLC owned approximately 0.48% of Helios and Matheson Analytics at the end of the most recent quarter. Institutional investors and hedge funds own 1.56% of the company’s stock.

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About Helios and Matheson Analytics

Helios and Matheson Analytics Inc is an information technology services company. The Company offers its clients a suite of services of predictive analytics with technology. The Company provides offerings in the areas of application value management, application development, integration, independent validation, infrastructure and information management, and analytics services.

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