Conestoga Has Established A Position In Exa Corp (NASDAQ:EXA)


With Trump in the White House, expectations for a large public infrastructure program are high. This has helped companies that are in the sector, particularly those that have taken on Government contracts in the past. This potential, of course, is drawing the smart money.

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Exa Corp (NASDAQ:EXA) reported that Conestoga Capital Advisors, Llc. has picked up 891,633 of common stock as of 2017-01-05.

The acquisition brings the aggregate amount owned by Conestoga Capital Advisors, Llc. to a total of 891,633 representing a 6.0% stake in the company.

For those not familiar with the company, Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers. Its product, PowerFLOW, is a software solution for simulating fluid flow problems, including aerodynamics, thermal management and aeroacoustics, or wind noise. PowerFLOW uses its Digital Physics technology that enables it to predict fluid flows. PowerFLOW directly simulates unpredictable turbulent scales. The PowerFLOW software suite includes the simulation engine and grid generation engine, along with pre- and post-processing software products.

A glance at Exa Corp (NASDAQ:EXA)’s key stats reveals a current market capitalization of 236.20 million based on 14.85 million shares outstanding and a price at last close of $15.59 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-10-07, Mackie picked up 2,300 at a purchase price of $14.89. This brings their total holding to 80,027 as of the date of the filing.

On the sell side, the most recent transaction saw Shields unload 1000 shares at a sale price of $15.33. This brings their total holding to 58,078.

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 Exa Corp (NASDAQ:EXA) as things move forward to see if its progress aligns with these transactions.

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