In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Falconstor Software Inc (NASDAQ:FALC) reported that Rubenstein Barry has picked up 957,257 of common stock as of 2017-07-25.
The acquisition brings the aggregate amount owned by Rubenstein Barry to a total of 957,257 representing a 2.2% in the company.
For those not familiar with the company, FalconStor Software, Inc. is a Software-Defined Storage (SDS) company offering a converged data services software platform. The Company’s platform FreeStor, allows information technology (IT) organizations minimize and eliminate that complexity with the delivery of migration, continuity, protection, recovery and optimization for any storage environment through a management interface for a price based on managed capacity across arrays, servers, hypervisors, data centers, and the cloud. The Company’s Intelligent Abstraction core provides a scalable storage hypervisor, coupled with a data services engine and automation. The Company’s Business Continuity and Disaster Recovery products include network storage server (NSS) and continuous data protector (CDP). Its Optimized Backup and Deduplication (OBD) products merge its virtual tape library (VTL) and file-interface deduplication system (FDS) solutions.
A glance at Falconstor Software Inc (NASDAQ:FALC)’s key stats reveals a current market capitalization of 11.26M based on 44.40M shares outstanding and a price at last close of $0.260 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2017-03-15, Miller picked up 2,000 at a purchase price of $0.39.This brings their total holding to 2,600 as of the date of the filing.
On the sell side, the most recent transaction saw Quinn unload 10,000 shares at a sale price of $2.00. This brings their total holding to 1,725,000.
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 Falconstor Software Inc (NASDAQ:FALC) 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.