Seachange International Inc (SEAC) Files Form 4 Insider Buying : Steven Craddock Buys 25,000 Shares

Seachange International Inc (SEAC): Steven Craddock , director other of Seachange International Inc purchased 25,000 shares on Apr 12, 2016. The Insider buying transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.90 per share for a total value of $97,500.00 according the SEC Form 4 Filing.

Company has been under the radar of several Street Analysts.SeaChange International is Reiterated by BWS Financial to Buy while Lowering the Price Target of the company shares to $ 6 from a previous price target of $10 . The Rating was issued on Apr 11, 2016.SeaChange International is Reiterated by Dougherty & Company to Buy while Lowering the Price Target of the company shares to $ 7 from a previous price target of $9 . The Rating was issued on Apr 8, 2016.

Currently the company Insiders own 5.7% of SeaChange International shares according to the proxy statements.Institutional Investors own 92.68% of SeaChange International shares.

SeaChange International: On Monday, Apr 11, 2016 heightened volatility was witnessed in SeaChange International which led to swings in the share price. The shares opened for trading at $3.85 and hit $3.9 on the upside , eventually ending the session at $3.89, with a gain of 1.83% or 0.07 points. The heightened volatility saw the trading volume jump to 6,48,182 shares. The 52-week high of the share price is $7.929 and the company has a market cap of $131 M . The 52-week low of the share price is at $3.73.

SeaChange International Money Flow Index Chart

SeaChange International Inc. (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services provide aggregation licensing management and distribution of video primarily movies and television programming and television advertising content to cable television system operators telecommunications and media companies. The Company sells software products and services primarily to television service providers including cable television system operators telecommunications companies and media companies. The Company’s business consists of three product areas: multiscreen video television advertising and video gateway software. The Company offers multiscreen video products under two deployment options: on-site software licenses and on a SaaS basis. The Company offers SeaChange Infusion Advanced Advertising Platform SeaChange Infusion AdPulse On-Demand Advertising Software and SeaChange AdFlow.

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