In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Determine Inc. (NASDAQ:DTRM) reported that Miller Lloyd I Iii. has picked up 5,251,269 of common stock as of 2017-06-27.
The acquisition brings the aggregate amount owned by Miller Lloyd I Iii. to a total of 5,251,269 representing a 31.5% stake in the company.
For those not familiar with the company, Determine, Inc., (Determine), formerly Selectica, Inc., is a provider of enterprise contract management, supply management and configuration solutions. The Company is engaged in providing software as a service (SaaS) Source to Pay and Enterprise Contract Lifecyclem Management (ECLM) solutions. Its Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications. The Determine Cloud Platform gives procurement, finance and legal professionals the ability to deliver insights through analysis of their supplier relationships and contractual requirements. The Determine platform is an open technology infrastructure based on smart process application models. In addition to its source to pay and enterprise contract lifecycle management solutions suite, Determine also provides a configuration engine solution. The Company’s Configuration engine consolidates the management and dissemination of complex product information.
A glance at Determine Inc. (NASDAQ:DTRM) key stats reveals a current market capitalization of $37.78 Million based on $14.20 Million shares outstanding and a price at last close of $2.65 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-10, Casey picked up 100 at a purchase price of $3.23. This brings their total holding to 60,845 as of the date of the filing.
On the sell side, the most recent transaction saw Brodsky unload 1,139 shares at a sale price of $2.79. This brings their total holding to 91,715.
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 Determine Inc. (NASDAQ:DTRM) as things move forward to see if its progress aligns with these transactions.
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