In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Edgewater Technology Inc. (NASDAQ:EDGW) reported that Ancora Advisors, Llc. has picked up 477,396 of common stock as of 2017-02-21.
The acquisition brings the aggregate amount owned by Ancora Advisors, Llc. to a total of 477,396 representing a 3.7% stake in the company.
For those not familiar with the company, Edgewater Technology, Inc. is a provider of transformational classic and product-based consulting services. The Company helps the C-suite drive transformational change through its selection of business and technology services, and channel-based solutions. The classic consulting disciplines (such as business advisory, process improvement, organizational change management, mergers and acquisitions (M&A) due diligence, and domain expertise) are blended with technical services (digital transformation, technical roadmaps, data and analytics services, custom development and system integration) to help organizations leverage investments in legacy information technology (IT) assets. It offers a range of consulting services, such as classic consulting and product-based consulting. In addition, it also provides synergistic services in the area of data management and analytics, such as enterprise information management services and analytics services.
A glance at Edgewater Technology Inc. (NASDAQ:EDGW)’s key stats reveals a current market capitalization of 82.45 Million based on 12.38 million shares outstanding and a price at last close of $6.61 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-15, Ranzal-Knowles picked up 11,645 at a purchase price of $6.72. This brings their total holding to 120,800 as of the date of the filing.
On the sell side, the most recent transaction saw Brewer unload 8,563 shares at a sale price of $5.36. This brings their total holding to 206,350.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Edgewater Technology Inc. (NASDAQ:EDGW) as things move forward to see if its progress aligns with these transactions.
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