Intrepid Potash, Inc. (NYSE:IPI - Get Free Report) major shareholder Robert P. Jornayvaz III sold 5,600 shares of Intrepid Potash stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $27.35, for a total value of $153,160.00. Following the completion of the sale, the insider now directly owns 99,063 shares in the company, valued at approximately $2,709,373.05. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Shares of NYSE IPI traded down $0.30 during trading hours on Monday, hitting $26.84. 93,125 shares of the company traded hands, compared to its average volume of 124,252. The company's 50 day moving average price is $25.04 and its 200 day moving average price is $24.64. Intrepid Potash, Inc. has a 12 month low of $17.52 and a 12 month high of $29.75. The stock has a market capitalization of $353.15 million, a price-to-earnings ratio of -8.01 and a beta of 2.23.

Intrepid Potash (NYSE:IPI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The basic materials company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.25). The firm had revenue of $57.55 million for the quarter, compared to the consensus estimate of $42.57 million. Intrepid Potash had a negative net margin of 16.86% and a negative return on equity of 1.32%. During the same quarter last year, the firm earned ($0.53) EPS. Equities analysts anticipate that Intrepid Potash, Inc. will post -0.17 EPS for the current year.

Several brokerages recently weighed in on IPI. StockNews.com upgraded shares of Intrepid Potash from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. UBS Group boosted their target price on shares of Intrepid Potash from $18.00 to $19.00 and gave the stock a "sell" rating in a report on Tuesday, November 5th.

Check Out Our Latest Analysis on IPI

Hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new stake in shares of Intrepid Potash during the 4th quarter worth approximately $38,000. SG Americas Securities LLC bought a new stake in shares of Intrepid Potash during the third quarter worth $142,000. Quest Partners LLC boosted its stake in shares of Intrepid Potash by 24,863.2% during the third quarter. Quest Partners LLC now owns 9,486 shares of the basic materials company's stock valued at $228,000 after purchasing an additional 9,448 shares during the period. Squarepoint Ops LLC bought a new position in shares of Intrepid Potash in the second quarter worth about $303,000. Finally, Barclays PLC grew its holdings in shares of Intrepid Potash by 282.6% in the third quarter. Barclays PLC now owns 14,350 shares of the basic materials company's stock worth $344,000 after purchasing an additional 10,599 shares during the last quarter. Institutional investors own 56.13% of the company's stock.

Intrepid Potash, Inc, together with its subsidiaries, engages in the extraction and production of the potash in the United States and internationally. It operates through three segments: Potash, Trio, and Oilfield Solutions. The company offers muriate of potash for various markets, such as agricultural market as a fertilizer input; the industrial market as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes; and the animal feed market as a nutrient supplement.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Intrepid Potash, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intrepid Potash wasn't on the list.

While Intrepid Potash currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.