In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Endurance International Group Hldgs Inc. (NASDAQ:EIGI) reported that Okumus Fund Management has picked up 8,054,238 of common stock as of 2017-03-30.
The acquisition brings the aggregate amount owned by Okumus Fund Management to a total of 8,054,238 representing a 5.7% stake in the company.
For those not familiar with the company, Endurance International Group Holdings, Inc. (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. The Company operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services. Its e-mail marketing segment consists of the products and services offered by Constant Contact, principally e-mail marketing, including event marketing, survey tools and SinglePlatform. The Company’s products focuses on Web hosting and other Web presence solutions, such as domains, and it also offers security, site backup, domains, search engine optimization (SEO) and search engine marketing (SEM), Google Adwords, mobile solutions, social media enablement, Website analytics, e-mail marketing and productivity and e-commerce tools, among others. It conducts operations in the United States, Brazil, India, and the Netherlands.
A glance at Endurance International Group Hldgs Inc. (NASDAQ:EIGI)’s key stats reveals a current market capitalization of 1.13 Billion based on 142.14 Million shares outstanding and a price at last close of $7.95 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-10-04, Reedy picked up 184,300 at a purchase price of $8.65. This brings their total holding to 52,562,956 as of the date of the filing.
On the sell side, the most recent transaction saw Surdan unload 952 shares at a sale price of $7.80. This brings their total holding to 208,922.
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 Endurance International Group Hldgs Inc. (NASDAQ:EIGI) as things move forward to see if its progress aligns with these transactions.
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