Actua Corporation (NASDAQ:ACTA) CFO Raymond Kirk Morgan Sells 1,687 Shares

Actua Corporation (NASDAQ:ACTA) CFO Raymond Kirk Morgan sold 1,687 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $15.45, for a total value of $26,064.15. Following the completion of the sale, the chief financial officer now owns 153,673 shares in the company, valued at approximately $2,374,247.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Raymond Kirk Morgan also recently made the following trade(s):

  • On Tuesday, October 17th, Raymond Kirk Morgan sold 1,687 shares of Actua stock. The stock was sold at an average price of $15.60, for a total value of $26,317.20.
  • On Tuesday, September 19th, Raymond Kirk Morgan sold 1,687 shares of Actua stock. The shares were sold at an average price of $12.10, for a total value of $20,412.70.

Shares of Actua Corporation (NASDAQ ACTA) remained flat at $$15.50 during trading on Monday. 170,700 shares of the stock were exchanged, compared to its average volume of 149,631. Actua Corporation has a 1 year low of $11.85 and a 1 year high of $15.95.

Actua (NASDAQ:ACTA) last issued its earnings results on Thursday, November 9th. The software maker reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.05). Actua had a negative return on equity of 5.80% and a net margin of 67.78%. During the same period last year, the business posted ($0.04) EPS. analysts forecast that Actua Corporation will post -0.59 EPS for the current year.

Several hedge funds have recently made changes to their positions in ACTA. Russell Investments Group Ltd. purchased a new position in shares of Actua in the 3rd quarter valued at approximately $141,000. Trexquant Investment LP purchased a new stake in shares of Actua in the second quarter valued at approximately $149,000. Tudor Investment Corp ET AL purchased a new stake in shares of Actua in the second quarter valued at approximately $162,000. Bank of America Corp DE boosted its stake in shares of Actua by 14.2% in the first 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 purchased a new stake in shares of Actua in the second quarter valued at approximately $191,000. Institutional investors own 72.53% of the company’s stock.

ACTA has been the subject of several recent research reports. ValuEngine downgraded Actua from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. BidaskClub upgraded Actua from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Actua from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Finally, Barrington Research cut Actua from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th.

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About Actua

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.

Insider Buying and Selling by Quarter for Actua (NASDAQ:ACTA)

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