In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Authentidate Holding Corp. (OTCMKTS:ADAT) reported that Roshan Hanif A has picked up 970,160 of common stock as of 2017-03-24.
The acquisition brings the aggregate amount owned by Roshan Hanif A to a total of 970,160 representing a 13.3% stake in the company.
For those not familiar with the company, Authentidate Holding Corp. and its subsidiaries provide Web-based revenue cycle management applications, and telehealth products and services. The Company enables healthcare organizations to coordinate care for patients and to manage related administrative and clinical workflows. Its Web-based solutions incorporate multiple features and security technologies, such as business-rules based electronic forms, intelligent routing, transaction management, electronic signatures, identity credentialing, content authentication, automated audit trails and remote patient management capabilities. The Company’s Inscrybe Healthcare is a Web-based revenue cycle management workflow automation solution. Its Telehealth Solutions provide an advanced in-home patient vital signs monitoring system and a Web-based management and monitoring software module for use by healthcare providers. The Company’s AuthentiProof is a content integrity and time-and-date stamp application.
A glance at Authentidate Holding Corp.(OTCMKTS:ADAT)’s key stats reveals a current market capitalization of 16.85 Million based on 7.17 Million shares outstanding and a price at last close of $2.35 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-08-29, Lazarus picked up 704,225 at a purchase price of $0.71. This brings their total holding to 6,588,356 as of the date of the filing.
On the sell side, the most recent transaction saw Lazarus unload 320,000 shares at a sale price of $3.25. This brings their total holding to 423,105.
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 Authentidate Holding Corp. (OTCMKTS:ADAT) as things move forward to see if its progress aligns with these transactions.
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