Rovi Corp (ROVI): Glenn W. Welling , director of Rovi Corp purchased 200,000 shares on May 11, 2016. The Insider buying transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.22 per share for a total value of $3,248,531.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 3, 2016, Pamela A. Sergeeff (EVP & General Counsel) sold 1,818 shares at $19.00 per share price.On Dec 3, 2015, Glenn W. Welling (director) purchased 274,417 shares at $11.76 per share price.Also, On Nov 20, 2015, Nathaniel Steven Lucas (director) purchased 10,000 shares at $10.42 per share price.On Sep 9, 2015, Tom Carson (CEO) purchased 13,895 shares at $10.72 per share price.
Rovi Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in Rovi Corporation which led to swings in the share price. The shares opened for trading at $15.83 and hit $16.27 on the upside , eventually ending the session at $16.26, with a gain of 3.11% or 0.49 points. The heightened volatility saw the trading volume jump to 7,78,141 shares. The 52-week high of the share price is $23.6964 and the company has a market cap of $1,354 M . The 52-week low of the share price is at $8.01.
Company has been under the radar of several Street Analysts.Rovi Corporation is Reiterated by JP Morgan to Overweight and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $23 .The Rating was issued on Feb 19, 2016.
Rovi Corporation is a digital entertainment technology company. The Company is focused on content discovery and personalization through its technology and intellectual property using data and analytics to monetize interactions across various entertainment platforms. Content discovery solutions include interactive program guides (IPGs) search and recommendations cloud data services and its database of metadata which includes descriptive information promotional images or other content that describe or relate to Television shows videos movies music books games or other entertainment content. The Company also offers advertising and analytics services. The Company operates under the following segments: Intellectual Property Licensing Products and Corporate. Its solutions are deployed around the world in the cable satellite consumer electronics entertainment media and online distribution markets.