Insider Buying: Jeffs’ Brands Ltd (NASDAQ:JFBR) Major Shareholder Purchases 501,160 Shares of Stock

Jeffs’ Brands Ltd (NASDAQ:JFBR) major shareholder Jeffrey J. Conroy purchased 501,160 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was acquired at an average price of $0.24 per share, with a total value of $120,278.40. Following the purchase, the insider now owns 2,001,160 shares in the company, valued at $480,278.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Jeffs’ Brands Price Performance

Shares of Jeffs’ Brands stock traded up $0.02 on Monday, hitting $0.26. The company’s stock had a trading volume of 739,926 shares, compared to its average volume of 1,377,168. Jeffs’ Brands Ltd has a 1 year low of $0.17 and a 1 year high of $5.29. The firm has a fifty day moving average price of $0.24 and a 200-day moving average price of $0.28.

Hedge Funds Weigh In On Jeffs’ Brands

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP purchased a new stake in Jeffs’ Brands Ltd (NASDAQ:JFBR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned approximately 10.20% of Jeffs’ Brands as of its most recent SEC filing. Institutional investors own 38.85% of the company’s stock.

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.