Actua Corporation (ACTA) CFO Sells $22,099.70 in Stock
Actua Corporation (NASDAQ:ACTA) CFO Raymond Kirk Morgan sold 1,687 shares of Actua Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $13.10, for a total transaction of $22,099.70. Following the completion of the transaction, the chief financial officer now directly owns 158,734 shares in the company, valued at approximately $2,079,415.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Raymond Kirk Morgan also recently made the following trade(s):
- On Tuesday, July 18th, Raymond Kirk Morgan sold 1,687 shares of Actua Corporation stock. The shares were sold at an average price of $13.90, for a total transaction of $23,449.30.
- On Tuesday, June 13th, Raymond Kirk Morgan sold 1,687 shares of Actua Corporation stock. The shares were sold at an average price of $14.22, for a total transaction of $23,989.14.
Shares of Actua Corporation (ACTA) traded down 2.31% during midday trading on Thursday, hitting $12.70. 94,636 shares of the stock traded hands. The company has a market capitalization of $393.22 million, a PE ratio of 5.36 and a beta of 1.62. The firm’s 50 day moving average price is $13.53 and its 200 day moving average price is $13.90. Actua Corporation has a 12-month low of $9.42 and a 12-month high of $15.27.
Actua Corporation (NASDAQ:ACTA) last posted its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The business had revenue of $31.19 million for the quarter, compared to analysts’ expectations of $31.57 million. During the same quarter in the prior year, the business earned ($0.35) EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Analysts expect that Actua Corporation will post ($0.12) EPS for the current year.
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A number of large investors have recently bought and sold shares of ACTA. SG Americas Securities LLC acquired a new stake in Actua Corporation during the first quarter worth $112,000. Trexquant Investment LP acquired a new stake in Actua Corporation during the second quarter worth $149,000. Tudor Investment Corp ET AL acquired a new stake in Actua Corporation during the second quarter worth $162,000. Bank of America Corp DE boosted its stake in Actua Corporation by 14.2% in the first quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock worth $164,000 after buying an additional 1,455 shares during the period. Finally, Numeric Investors LLC acquired a new stake in Actua Corporation during the second quarter worth $191,000. Institutional investors and hedge funds own 73.65% of the company’s stock.
A number of research firms have recently commented on ACTA. Zacks Investment Research raised shares of Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub raised shares of Actua Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday.
Actua Corporation Company Profile
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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