In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Id Systems Inc. (NASDAQ:IDSY) reported that Emancipation Capital has picked up 1,905,949 of common stock as of 2017-03-29.
The acquisition brings the aggregate amount owned by Emancipation Capital to a total of 1,905,949 representing a 13.9% stake in the company.
For those not familiar with the company, I.D. Systems, Inc. (I.D. Systems) develops, markets and sells wireless machine-to-machine solutions for managing and securing enterprise assets, which include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers. Its systems utilize radio frequency identification (RFID), wireless fidelity (Wi-Fi), satellite or cellular communications, and sensor technology and software to control, track, monitor and analyze assets. It provides data reporting and analysis software tool platform, I.D. Systems Analytics PowerFleet IQ (for fleets of forklifts and other industrial trucks) and VeriWise IQ (for fleets of containers, trailers and other transportation assets). Its solutions include industrial and rental fleet asset management, industrial fleet asset management, transportation asset management and rental fleet asset management solutions.
A glance at Id Systems Inc. (NASDAQ:IDSY)’s key stats reveals a current market capitalization of 87.61 Million based on 13.77 Million shares outstanding and a price at last close of $6.29 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-01-09, Emancipation picked up 10,000 at a purchase price of $5.80. This brings their total holding to 1,812,293 as of the date of the filing.
On the sell side, the most recent transaction saw Mavrommatis unload 40,000 shares at a sale price of $6.73. This brings their total holding to 155,573.
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 Id Systems Inc. (NASDAQ:IDSY) as things move forward to see if its progress aligns with these transactions.
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