Rahim Ahsan is Buying Connecture Inc (NASDAQ:CNXR) Shares

0
61

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Connecture Inc (NASDAQ:CNXR) reported that Rahim Ahsan has picked up 1,350,000 of common stock as of 2017-07-28.

The acquisition brings the aggregate amount owned by Rahim Ahsan to a total of 1,350,000 representing a 6.0% in the company.

For those not familiar with the company, Connecture, Inc. provides a Web-based consumer shopping, enrollment and retention platform for health insurance distribution. The Company caters its services to health insurance marketplace operators, such as health plans, brokers and exchange operators. It operates through four segments: Enterprise/Commercial, Enterprise/State, Medicare and Private Exchange. The Enterprise/Commercial segment offers insurance distribution solutions to health plans. The Enterprise/State segment offers the sales automation solutions to state Governments, which allow its customers to offer customized individual and small group exchanges. The Medicare segment offers Web-based Medicare plan comparison, prescription drug comparison and enrollment tools for health plans, pharmacy benefit managers, pharmacies, field marketing organizations and call centers. The Private Exchange segment offers defined-contribution benefit exchange solutions to benefit consultants, brokers, exchange operators and aggregators.

<d.

A glance at Connecture Inc (NASDAQ:CNXR)’s key stats reveals a current market capitalization of 19.82M based on 22.62M shares outstanding and a price at last close of 0.830.

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

Specifically, on 2016-09-13, Francisco picked up 6,133 at a purchase price of $$1.69 per share.This brings their total holding to 1,209,972 as of the date of the filing.

On the sell side, the most recent transaction saw Great unload 395,886 shares at a sale price of $8.00. This brings their total holding to 5,502,965.

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 Connecture Inc (NASDAQ:CNXR) 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.