Insider Buying: Jeffs’ Brands Ltd (NASDAQ:JFBR) Major Shareholder Buys 1,101,890 Shares of Stock

Jeffs’ Brands Ltd (NASDAQ:JFBR) major shareholder Jeffrey J. Conroy acquired 1,101,890 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of $0.36 per share, with a total value of $396,680.40. Following the acquisition, the insider now owns 2,432,000 shares in the company, valued at $875,520. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Jeffs’ Brands Stock Up 9.4 %

NASDAQ JFBR opened at $0.26 on Tuesday. The firm’s fifty day moving average price is $0.24 and its two-hundred day moving average price is $0.28. Jeffs’ Brands Ltd has a 1 year low of $0.17 and a 1 year high of $5.29.

Institutional Investors Weigh In On Jeffs’ Brands

An institutional investor recently bought a new position in Jeffs’ Brands stock. Anson Funds Management LP purchased a new position in shares of Jeffs’ Brands Ltd (NASDAQ:JFBR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned about 10.20% of Jeffs’ Brands as of its most recent SEC filing. 38.85% of the stock is currently owned by institutional investors and hedge funds.

About Jeffs’ Brands

Jeffs’ Brands Ltd, together with its subsidiaries, operates as an e-commerce company. It engages in the sale of various consumer products on Amazon online marketplace. The company offers knife-sharpening sets, sharpeners, and nonslip rubber bases under the KnifePlanet brand; steel and soft-tip dart sets under the CC-Exquisite brand; car door and sets protectors for pets under the PetEvo brand; and bag sets and party supply kits for children under the Whoobli brand.