Actua Corporation (ACTA) CFO Raymond Kirk Morgan Sells 1,687 Shares of Stock
Actua Corporation (NASDAQ:ACTA) CFO Raymond Kirk Morgan sold 1,687 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $12.10, for a total transaction of $20,412.70. Following the transaction, the chief financial officer now directly owns 157,047 shares of the company’s stock, valued at $1,900,268.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Raymond Kirk Morgan also recently made the following trade(s):
- On Tuesday, August 15th, Raymond Kirk Morgan sold 1,687 shares of Actua Corporation stock. The shares were sold at an average price of $13.10, for a total transaction of $22,099.70.
- 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.
Shares of Actua Corporation (NASDAQ ACTA) remained flat at $12.30 during trading on Friday. 109,229 shares of the stock traded hands. The stock has a 50 day moving average of $12.61 and a 200 day moving average of $13.66. Actua Corporation has a 52 week low of $10.10 and a 52 week high of $15.28. The stock has a market capitalization of $380.83 million, a P/E ratio of 5.19 and a beta of 1.63.
Actua Corporation (NASDAQ:ACTA) last announced its quarterly earnings data 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 net margin of 67.78% and a negative return on equity of 5.42%. The company had revenue of $31.19 million during the quarter, compared to analyst estimates of $31.57 million. During the same quarter last year, the business posted ($0.35) EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, analysts anticipate that Actua Corporation will post ($0.12) earnings per share for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Actua Corporation during the 1st quarter valued at about $112,000. Trexquant Investment LP bought a new stake in Actua Corporation during the 2nd quarter valued at about $149,000. Tudor Investment Corp ET AL bought a new stake in Actua Corporation during the 2nd quarter valued at about $162,000. Bank of America Corp DE lifted its holdings in Actua Corporation by 14.2% during the 1st quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock valued at $164,000 after buying an additional 1,455 shares in the last quarter. Finally, Numeric Investors LLC bought a new stake in Actua Corporation during the 2nd quarter valued at about $191,000. Institutional investors own 73.12% of the company’s stock.
ACTA has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Actua Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine downgraded shares of Actua Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Finally, BidaskClub raised shares of Actua Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.00.
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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