Raymond Kirk Morgan Sells 1,687 Shares of Actua Corporation (ACTA) Stock

Actua Corporation (NASDAQ:ACTA) CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $15.45, for a total transaction of $26,064.15. Following the transaction, the chief financial officer now directly owns 153,673 shares in the company, valued at $2,374,247.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

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

Actua Corporation (NASDAQ:ACTA) traded down $0.05 during midday trading on Friday, hitting $15.50. 95,741 shares of the company traded hands, compared to its average volume of 146,271. Actua Corporation has a twelve month low of $11.85 and a twelve month high of $15.95.

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

ILLEGAL ACTIVITY WARNING: This article was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://www.truebluetribune.com/2017/11/19/raymond-kirk-morgan-sells-1687-shares-of-actua-corporation-acta-stock.html.

Several brokerages have recently commented on ACTA. Zacks Investment Research raised shares of Actua Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of Actua Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Barrington Research lowered shares of Actua Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Actua Corporation presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Several hedge funds and other institutional investors have recently bought and sold shares of ACTA. American International Group Inc. boosted its position in shares of Actua Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 22,144 shares of the software maker’s stock worth $311,000 after acquiring an additional 1,461 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Actua Corporation by 3.2% during the 1st quarter. Teachers Advisors LLC now owns 88,303 shares of the software maker’s stock worth $1,241,000 after acquiring an additional 2,718 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Actua Corporation by 3.7% during the 1st quarter. Geode Capital Management LLC now owns 299,303 shares of the software maker’s stock worth $4,205,000 after acquiring an additional 10,591 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Actua Corporation by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,510,113 shares of the software maker’s stock worth $35,267,000 after acquiring an additional 119,156 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Actua Corporation by 0.3% during the 1st quarter. Renaissance Technologies LLC now owns 663,919 shares of the software maker’s stock worth $9,328,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.

About Actua Corporation

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 Corporation (NASDAQ:ACTA)

Receive News & Ratings for Actua Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Actua Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply