In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ciber Inc. (NYSE:CBR) reported that Legion Partners Asset Management, Llc. has picked up 8,957,961 of common stock as of 2017-03-09.
The acquisition brings the aggregate amount owned by Legion Partners Asset Management, Llc. to a total of 8,957,961 representing a 10.97% stake in the company.
For those not familiar with the company, Ciber, Inc. (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment primarily consists of countries in Western Europe and the Nordic region. Its North America segment is organized into service offerings, which include Independent Software Vendor Relationships (ISV)/Channel Partner Platforms, Managed Services, Business Consulting, Application Development and Management (ADM)/Staffing, and Software-as-a-Service (SaaS). It provides project management, application and technical consulting, and database administration for both implementation projects and managed-services engagements. It also provides a solution, Ciber Compliance Suite, which helps SAP customers monitor the usage of their SAP systems. Its business consulting offering helps clients manage their business by offering expertise in IT strategy, enterprise architecture and vertical business processes.
A glance at Ciber Inc. (NYSE:CBR)’s key stats reveals a current market capitalization of 22.25 million based on 81.65 million shares outstanding and a price at last close of $0.275 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-07, Legion picked up 82,855 at a purchase price of $0.33. This brings their total holding to 741,656 as of the date of the filing.
On the sell side, the most recent transaction saw Stine unload 3,725 shares at a sale price of $3.19. This brings their total holding to 3,779.
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 Ciber Inc. (NYSE:CBR) as things move forward to see if its progress aligns with these transactions.
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