Trivedi Ashok is Buying Mastech Digital Inc. (NYSEMKT:MHH) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Mastech Digital Inc. (NYSEMKT:MHH) reported that Trivedi Ashok has picked up   1,703,657 of common stock as of 2017-07-21.

The acquisition brings the aggregate amount owned by Trivedi Ashok to a total of  1,703,657 representing a 37.9% in the company.

For those not familiar with the company, Mastech Digital, Inc., formerly Mastech Holdings, Inc., is an information technology (IT) staffing and digital transformation services company. The Company offers Social, Mobility, Analytics and Cloud (SMAC), Automation and Internet of Things (IoT) technologies. It is engaged in providing IT associates in digital and mainstream technologies, digital transformation services around and SAP HANA, as well as digital learning services. SAP HANA is an in-memory platform both for Systems, Applications and Products (SAP) and non-SAP customers. Its stack of digital transformation services focuses on providing customer relationship management (CRM) on the cloud through Salesforce, driving IT efficiencies through SAP HANA and using digital methods. Its digital learning services puts together a custom training program for various organizational needs. The Company serves a range of industries, including insurance, banking, healthcare, aviation, manufacturing and telecommunication.

A glance at Mastech Digital Inc. (NYSEMKT:MHH)’s key stats reveals a current market capitalization of 42.13 Million based on 4.50 Million shares outstanding and a price at last close of $9.25 Per Share.

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

Specifically, on 2017-07-13, Trivedi picked up 428,572 at a purchase price of $7.00.This brings their total holding to 428,572 as of the date of the filing.

On the sell side, the most recent transaction saw Aicher unload 2,500 shares at a sale price of $9.21. This brings their total holding to 40,534.

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 Mastech Digital Inc. (NYSEMKT:MHH) 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.