In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), U.S. Auto Parts Network Inc. (NASDAQ:PRTS) reported that Oak Management Corp has picked up 5,017 of common stock as of 2017-05-16.
The acquisition brings the aggregate amount owned by Oak Management Corp to a total of 5,017 representing less than 0.01% stake in the company.
For those not familiar with the company, U.S. Auto Parts Network, Inc. is an online provider of automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source. The Company’s Websites provide customers with a range of stock keeping units (SKUs) with detailed product descriptions, attributes and photographs. The Company’s product database maps its SKUs to product applications based on vehicle makes, models and years. The Company primarily sells its products to individual consumers through its network of Websites and online marketplaces. The Company classifies its products into various categories, including collision parts serving the body repair segment, engine parts to serve the replacement/wear parts market, and performance parts and accessories.
A glance at U.S. Auto Parts Network Inc. (NASDAQ:PRTS)’s key stats reveals a current market capitalization of 89.66 Million based on 34.63 Million shares outstanding and a price at last close of $3.26 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-05-15, Majteles picked up 100 at a purchase price of $2.15. This brings their total holding to 121,612 as of the date of the filing.
On the sell side, the most recent transaction saw Coleman unload 5,820 shares at a sale price of $3.00. This brings their total holding to 106,269.
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 U.S. Auto Parts Network Inc. (NASDAQ:PRTS) as things move forward to see if its progress aligns with these transactions.
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