Actua Corporation (NASDAQ:ACTA) CFO Raymond Kirk Morgan sold 1,687 shares of Actua Corporation stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $15.60, for a total value of $26,317.20. Following the transaction, the chief financial officer now directly owns 155,360 shares of the company’s stock, valued at approximately $2,423,616. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Raymond Kirk Morgan also recently made the following trade(s):
- On Tuesday, September 19th, Raymond Kirk Morgan sold 1,687 shares of Actua Corporation stock. The shares were sold at an average price of $12.10, for a total value of $20,412.70.
- 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 value of $22,099.70.
Actua Corporation (NASDAQ ACTA) traded down 0.32% on Thursday, reaching $15.60. The company’s stock had a trading volume of 68,883 shares. The stock has a 50-day moving average of $13.90 and a 200-day moving average of $13.81. The stock has a market cap of $483.01 million, a P/E ratio of 6.58 and a beta of 1.64. Actua Corporation has a one year low of $11.20 and a one year high of $15.95.
Actua Corporation (NASDAQ:ACTA) last issued its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The business had revenue of $31.19 million during the quarter, compared to analysts’ expectations of $31.57 million. Actua Corporation had a negative return on equity of 5.42% and a net margin of 67.78%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.35) earnings per share. On average, analysts predict that Actua Corporation will post ($0.12) EPS for the current fiscal year.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered Actua Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. BidaskClub lowered Actua Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. ValuEngine raised Actua Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Barrington Research lowered Actua Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.00.
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Actua Corporation in the first quarter worth about $112,000. Trexquant Investment LP purchased a new stake in Actua Corporation in the second quarter worth about $149,000. Tudor Investment Corp ET AL purchased a new stake in Actua Corporation in the second quarter worth about $162,000. Bank of America Corp DE increased its position 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 in the last quarter. Finally, Numeric Investors LLC purchased a new stake in Actua Corporation in the second quarter worth about $191,000. Institutional investors and hedge funds own 73.12% of the company’s stock.
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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