Helios and Matheson Analytics Inc (NASDAQ:HMNY) shares gapped down before the market opened on Friday . The stock had previously closed at $8.59, but opened at $8.34. Helios and Matheson Analytics shares last traded at $7.73, with a volume of 3474795 shares trading hands.

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

In related 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 transaction, the director now owns 750,000 shares in the company, valued at approximately $9,750,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 29.00% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Helios and Matheson Analytics stock. Phoenix Investment Adviser LLC bought a new stake in shares of Helios and Matheson Analytics Inc (NASDAQ:HMNY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 46,000 shares of the information technology services provider’s stock, valued at approximately $584,000. Helios and Matheson Analytics makes up approximately 0.5% of Phoenix Investment Adviser LLC’s holdings, making the stock its 29th biggest position. Phoenix Investment Adviser LLC owned approximately 0.48% of Helios and Matheson Analytics at the end of the most recent quarter. Institutional investors own 1.39% of the company’s stock.

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Helios and Matheson Analytics Company Profile

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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