Vasco Data Security International Inc (VDSI) Files Form 4 Insider Selling : T Kendall Hunt Sells 50,000 Shares

Vasco Data Security International Inc (VDSI): T Kendall Hunt , director officer 10% owner (Chief Executive Offic of Vasco Data Security International Inc sold 50,000 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $17.79 per share for a total value of $889,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 11, 2015, John Nelson Jr Fox (director) sold 6,893 shares at $30.00 per share price.On May 8, 2015, Clifford K Bown (Executive VP and CFO) sold 231,350 shares at $24.42 per share price.Also, On May 5, 2015, Jan E C Valcke (President and COO) sold 120,000 shares at $25.96 per share price.

Shares of VASCO Data Security International (VDSI) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.73% at $17.79 with 6,22,101 shares getting traded. Post opening the session at $17.77, the shares hit an intraday low of $17.33 and an intraday high of $18.32 and the price vacillated in this range throughout the day. The company has a market cap of $714 M and the number of outstanding shares has been calculated to be 4,01,32,324 shares. The 52-week high of VASCO Data Security International is $35 and the 52-week low is $12.35.

VASCO Data Security International Money Flow Index Chart

Company has been under the radar of several Street Analysts.VASCO Data Security International is Reiterated by Dougherty & Company to Buy while Lowering the Price Target of the company shares to $ 21 from a previous price target of $30 . The Rating was issued on Feb 17, 2016.

VASCO Data Security International Inc. (VASCO) is an IT security company. The Company through its operating subsidiaries designs develops and markets security solutions that secure and manage access to digital assets and protect transactions. Its products enable secure financial transactions over private enterprise networks and public networks such as the Internet. The Company’s user authentication is delivered through its hardware and software DIGIPASS security products (DIGIPASSES) many of which incorporate an electronic and digital signature capability which further protects the integrity of electronic transactions and data transmissions. VASCO’s primary product and service lines include three categories of solutions: Host System products which is typically a component of an organization’s IT infrastructure; Client Authenticators which are devices used by end users for authentication and Developer Tools which are used by application developers.

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