Insider Selling: Mattersight Corp. (MATR) CEO Sells 40,000 Shares of Stock
Mattersight Corp. (NASDAQ:MATR) CEO Kelly D. Conway sold 40,000 shares of the stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $3.50, for a total value of $140,000.00. Following the sale, the chief executive officer now owns 1,023,005 shares in the company, valued at approximately $3,580,517.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Mattersight Corp. (NASDAQ:MATR) traded up 1.33% during midday trading on Wednesday, hitting $3.80. The stock had a trading volume of 58,877 shares. Mattersight Corp. has a one year low of $3.00 and a one year high of $7.17. The firm has a 50 day moving average price of $3.73 and a 200 day moving average price of $3.85. The stock’s market cap is $100.79 million.
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Large investors have recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. boosted its stake in shares of Mattersight Corp. by 2.9% in the second quarter. Prescott Group Capital Management L.L.C. now owns 1,596,696 shares of the company’s stock valued at $6,179,000 after buying an additional 45,700 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Mattersight Corp. by 37.3% in the second quarter. Vanguard Group Inc. now owns 656,666 shares of the company’s stock valued at $2,541,000 after buying an additional 178,240 shares during the last quarter. Boston Partners boosted its stake in shares of Mattersight Corp. by 12.0% in the third quarter. Boston Partners now owns 560,258 shares of the company’s stock valued at $2,353,000 after buying an additional 59,850 shares during the last quarter. S Squared Technology LLC boosted its stake in shares of Mattersight Corp. by 12.9% in the second quarter. S Squared Technology LLC now owns 428,427 shares of the company’s stock valued at $1,658,000 after buying an additional 49,000 shares during the last quarter. Finally, White Pine Capital LLC boosted its stake in shares of Mattersight Corp. by 24.2% in the second quarter. White Pine Capital LLC now owns 256,675 shares of the company’s stock valued at $993,000 after buying an additional 50,050 shares during the last quarter. 32.09% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Mattersight Corp. from a “hold” rating to a “sell” rating in a report on Friday, August 12th. JMP Securities restated a “buy” rating on shares of Mattersight Corp. in a report on Thursday, November 3rd.
About Mattersight Corp.
Mattersight Corporation offers behavioral analytics and provides personality-based software products. The Company uses various applications, including predictive behavioral routing, performance management, quality assurance and predictive analytics (collectively, Behavioral Analytics) to analyze and predict customer behavior based on the language exchanged between agents and customers during brand interactions.
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