Guess Who Just Picked Up Covisint Corp (NASDAQ:COVS) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Covisint Corp (NASDAQ:COVS) reported that Dialectic Capital Management has picked up 292,000 of common stock as of 2017-04-20.

The acquisition brings the aggregate amount owned by Dialectic Capital Management to a total of 292,000 representing less than 1.0% stake in the company.

For those not familiar with the company, Covisint Corporation provides an open, enterprise class cloud platform (Platform) enabling organizations to build solutions that identify, authenticate and connect users, devices, applications and information. The Company’s Auto Supply Portal is involved in the development and integration of three cloud-based technologies, such as identity management, data integration and exchange services, and portal services. The Company’s Platform is delivered through the cloud as a Platform as a Service (PaaS). The Company’s Platform supports production-critical applications, and offers security, scalability and reliability. The Platform’s various capabilities include Identity services, Messaging and orchestration services and Internet of Things (IoT) Services. Its customers include large, across the globe distributed organizations and mid-sized organizations with external business relationships, as well as the participants in their business relationships.

A glance at Covisint Corp (NASDAQ:COVS)’s key stats reveals a current market capitalization of 73.56 Million based on 40.87 Million shares outstanding and a price at last close of $1.80 per share.

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

Specifically, on 2016-02-12 Grabe picked up 300 at a purchase price of $1.75. This brings their total holding to 106,788 as of the date of the filing.

On the sell side, the most recent transaction saw Asam unload 6,613 shares at a sale price of 2.30. This brings their total holding to 84,348.

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

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

 

Empery Asset Management Picked Up Pareteum Corp (NYSEMKT:TEUM) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Pareteum Corp (NYSEMKT:TEUM) reported that Empery Asset Management, Lp. has picked up 1,000,000 of common stock as of 2017-04-05.

The acquisition brings the aggregate amount owned by Empery Asset Management, Lp. to a total of 1,000,000 representing a 8.98% stake in the company.

For those not familiar with the company, Pareteum Corporation, formerly Elephant Talk Communications Corp., is an international provider of mobile networking software and services. The Company and its subsidiaries provide a mobility cloud platform, utilizing messaging and security solutions for the global mobile, mobile virtual network operator (MVNO), enterprise and Internet of things (IoT) markets. It is engaged in providing communications technology. ET Software DNA 2.0 is the Company’s intelligent mobile service platform. Its platform hosts integrated information technology (IT) or Back Office and Core Network functionality for mobile network operators (MNOs), MVNOs, and mobile virtual network enablers (MVNEs) and mobile virtual network aggregators (MVNAs) on an outsourced software as a service (SaaS), platform as a service (PaaS) and infrastructure as a service (IaaS) basis. Its virtual mobile platform solutions for MNOs and MVNOs feature Software Defined Networking and Network Functions Virtualization technologies.

A glance at Pareteum Corp (NYSEMKT:TEUM)’s key stats reveals a current market capitalization of 9.83 Million based on 12.77 Million shares outstanding and a price at last close of $0.770 per share.

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

Specifically, on 2017-03-31, Bozzo picked up 8,000 at a purchase price of $0.94. This brings their total holding to 19,036 as of the date of the filing.

On the sell side, the most recent transaction saw Carroll unload 76,241 shares at a sale price of $0.37. This brings their total holding to 642,941.

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 Pareteum Corp (NYSEMKT:TEUM) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

 

InterDigital Inc (NASDAQ:IDCC) Shares Dipped Nearly 3%

InterDigital Inc (NASDAQ:IDCC) shares were down 2.84% on Tuesday to $83.75 and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $51.97 to $102.30. The company has a market cap of $2.90 billion at 34.31 million shares outstanding.

InterDigital Inc is a company that designs and develops technologies for wireless communications. It has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks.

Its subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications. Products integrating its technologies include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices. The company is focused on approximately two technology areas: cellular wireless technology and Internet of Things (IoT) technology.

In a press release, InterDigital Inc announced that the company has joined the GSMA as well as the GSMA’s Mobile IoT Initiative and GSMA NB-IoT Forum focused on Low Power, Wide Area technology during Mobile World Congress 2017 in Barcelona.

InterDigital is pleased to join the GSMA, the GSMA Mobile IoT Initiative and the GSMA NB-IoT forum alongside industry-leading peers and looks forward to contributing to the massive diffusion of NB-IoT and other mobile IoT technologies,” said Jim Nolan, Executive Vice President, IoT Solutions, InterDigital Inc. “The GSMA’s Connecting Living Programme is also a great opportunity for InterDigital to cooperate with the main industry players and to enter into the ecosystem that will drive the 2020 digital transformation.”

InterDigital Inc’s contribution will be its expertise and supporting trials, pilots and commercial launches with its IoT portfolio based on open standards and protocols. The GSMA NB-IoT forum aims to accelerate the widespread adoption of 3GPP-based NB-IoT technology, with members from over 60 industry leaders such as Vodafone, Huawei, Ericsson, Intel, Nokia, Telefonica, among others.

Meanwhile, the GSMA Connected Living Programme is an initiative to help operators add value and accelerate the delivery of new connected devices and services in the IoT market. The GSMA also established the Mobile IoT Initiative to support in the development, growth and adoption of LPWA technology in licensed spectrum.

In the space of nine months, the GSMA’s Mobile IoT Initiative has helped to establish market standards for LPWA that will play a fundamental role in securely and cost effectively connecting the billions of new devices making up the IoT,” said Graham Trickey, Head of Connected Living Programme, GSMA. “We look forward to supporting the industry with the numerous pilots and commercial roll-outs that are planned this year.”

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.

Skip to content