Here’s Who Picked Up Rightside Group Ltd. (NASDAQ:NAME) Shares

0
267
name

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rightside Group Ltd. (NASDAQ:NAME) reported that Cannell Capital has picked up 1,704,805 of common stock as of 2017-04-20.

The acquisition brings the aggregate amount owned by Cannell Capital to a total of 1,704,805 representing less than 8.68% stake in the company.

For those not familiar with the company, Rightside Group, Ltd. is a provider of domain name services that enable businesses and consumers to find, establish and maintain their digital address. The Company is a registrar, offering domain name registration and other related services to resellers and domain name registrants. It provides infrastructure services through its eNom brand. It has over 16.5 million domain names under management. It has a portfolio of over 40 generic Top Level Domains (gTLDs) acquired through Internet Corporation for Assigned Names and Numbers (ICANN)’s expansion of new gTLDs. It has launched all of its gTLDs, including .NEWS, .LIVE, and .FAMILY, into general availability in the marketplace. Its registry services business builds a distribution network of over 125 ICANN accredited registrars, including GoDaddy, eNom and Name.com, as well as other complementary distribution partners, such as Website builders and e-mail service providers, that offer its gTLD domain names to businesses and consumers.

A glance at Rightside Group Ltd. (NASDAQ:NAME)’s key stats reveals a current market capitalization of 187.37 Million based on 19.64 Million shares outstanding and a price at last close of $9.52 per share.

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

Specifically, on 2016-03-10 Cannell picked up 3,238 at a purchase price of $6.12. This brings their total holding to 1,036,296 as of the date of the filing.

On the sell side, the most recent transaction saw Panos unload 685 shares at a sale price of $8.48. This brings their total holding to 33,139.

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 Rightside Group Ltd. (NASDAQ:NAME) 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.

 

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here