In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Asure Software Inc. (NASDAQ:ASUR) reported that Isystems Holdings, Llc. has picked up 1,526,332 of common stock as of 2017-06-02.
The acquisition brings the aggregate amount owned by Isystems Holdings, Llc. to a total of 1,526,332 representing less than 15% stake in the company.
For those not familiar with the company, Asure Software, Inc. is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces. Its SaaS-based offerings include asset management, mobile room scheduling, mobile time tracking, scheduling software, space utilization solutions, tablet-based time clocks, time clocks, touch panels for room scheduling and workplace business intelligence (BI) analytics. It offers approximately two product lines, including AsureSpace and AsureForce. Its AsureSpace provides workplace management solutions that enable organizations to manage their office environments and manage real estate utilization. Its AsureForce time and labor management solutions help organizations to manage labor and labor administration costs and activities.
A glance at Asure Software Inc. (NASDAQ:ASUR)’s key stats reveals a current market capitalization of 240.03 Million based on 12.06 Million shares outstanding and a price at last close of $16.57 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-09, Goepel picked up 10,000 at a purchase price of $8.00. This brings their total holding to 660,097 as of the date of the filing.
On the sell side, the most recent transaction saw Scoglio unload 27,000 shares at a sale price of $7.42. This brings their total holding to 5,369.
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 Asure Software Inc. (NASDAQ:ASUR) as things move forward to see if its progress aligns with these transactions.
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