Matthews Terence Picked Counterpath Corp (NASDAQ:CPAH) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Counterpath Corp (NASDAQ:CPAH) reported that Matthews Terence H has picked up 1,512,850 of common stock as of 2017-08-01.

The acquisition brings the aggregate amount owned by Matthews Terence H to a total of 1,512,850 representing a 26.9% in the company.

For those not familiar with the company, CounterPath Corporation designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver unified communications (UC) services, including voice, video, messaging and collaboration functionality, over their Internet Protocol (IP)-based networks. The Company’s solutions range from software products to cloud-based services. Its software products include applications for smartphones, tablets and desktop computers, a Software Development Kit (SDK) for software developers seeking to add voice, video and messaging capabilities to their existing applications, and server-based software solutions for configuring, managing and supporting softphones and for deploying messaging and collaboration services. These software products are also available to customers in the form of cloud-based hosted services. The Company is focused on selling its software products to enterprises, telecommunication service providers and channel partners.

A glance at Counterpath Corp (NASDAQ:CPAH)’s key stats reveals a current market capitalization of 13.58M based on 4.95M shares outstanding and a price at last close of $2.72 per share.

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

Specifically, on 2017-07-20, Matthews picked up 144,357 at a purchase price of $2.20 per share.This brings their total holding to 1,381,661 as of the date of the filing.

On the sell side, the most recent transaction saw Cooper unload 5,257 shares at a sale price of $1.09. This brings their total holding to 0.

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 Counterpath Corp (NASDAQ:CPAH) 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.