The telecoms space is heating up, and there’s been a lot of activity on the M&A side of the space over the last ocuple of quarters. Funds and individual investors are allocating towards the sector, and the latest announcement by CounterPath highlights this trend.
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Counterpath Corp (NASDAQ:CPAH) reported that Steven Bruk has picked up 805,254 of common stock as of 2016-12-20.
The acquisition brings the aggregate amount owned by Steven Bruk to a total of 805,254 representing a 15.9 % stake 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.
A glance at Counterpath Corp (NASDAQ:CPAH)’s key stats reveals a current market capitalization of $9.60 billion based on 4.55 million shares outstanding and a price at last close of $2.03 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-15, Jones picked up 12,195 at a purchase price of $2.05. This brings their total holding to 66,147 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.
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