In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Fusion Telecommunications International Inc (NASDAQ:FSNN) reported that Apptix Asa has picked up 2,997,926 of common stock as of 2017-03-24.
The acquisition brings the aggregate amount owned by Apptix Asa to a total of 2,997,926 representing a 14.4% stake in the company.
For those not familiar with the company, Fusion Telecommunications International, Inc. is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers. The Company operates through two segments: Business Services and Carrier Services. Through Business Services segment, it provides cloud voice, cloud connectivity, cloud infrastructure, cloud computing and managed cloud-based applications to businesses of all sizes. Its suite of business services includes unified communications as a service, session initiation protocol trunking solution and file sharing solution. The Carrier Services segment includes termination of domestic and international carrier traffic utilizing VoIP technology. It offers solutions to small, medium and large businesses. It offers domestic and international VoIP services to carriers around the world.
A glance at Fusion Telecommunications International Inc. (NASDAQ:FSNN)’s key stats reveals a current market capitalization of 35.41 Million based on 18.06 Million shares outstanding and a price at last close of $1.74 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-16, Turits picked up 4,348 at a purchase price of $1.15. This brings their total holding to 114,219 as of the date of the filing.
On the sell side, the most recent transaction saw Rosen unload 25,000 shares at a sale price of $3.00. This brings their total holding to 706,303.
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 Fusion Telecommunications International Inc. (NASDAQ:FSNN) as things move forward to see if its progress aligns with these transactions.
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