Monotype Imaging Holdings Inc. (TYPE) Files Form 4 Insider Selling : Steven R Martin Sells 562 Shares

Monotype Imaging Holdings Inc. (TYPE): Steven R Martin , Exec VP, Chief Innovation Off. of Monotype Imaging Holdings Inc. sold 562 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $23.68 per share for a total value of $13,308.16 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Pamela F Lenehan (director) sold 2,000 shares at $22.62 per share price.On May 17, 2016, John L Seguin (Executive Vice President) sold 1,457 shares at $22.93 per share price.Also, On May 16, 2016, Steven R Martin (Exec VP, Chief Innovation Off.) sold 2,000 shares at $22.93 per share price.On Dec 16, 2015, Douglas J Shaw (director) sold 4,869 shares at $25.00 per share price.

Shares of Monotype Imaging Holdings (TYPE) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -0.59% at $23.74 with 1,00,471 shares getting traded. Post opening the session at $23.68, the shares hit an intraday low of $23.53 and an intraday high of $23.92 and the price vacillated in this range throughout the day. The company has a market cap of $965 M and the number of outstanding shares has been calculated to be 4,06,62,961 shares. The 52-week high of Monotype Imaging Holdings is $27.76 and the 52-week low is $20.615.

Monotype Imaging Holdings Money Flow Index Chart

Company has been under the radar of several Street Analysts.Monotype Imaging Holdings is Initiated by Ladenburg Thalmann to Buy and the brokerage firm has set the Price Target at $29. The Rating was issued on May 25, 2016.

Monotype Imaging Holdings Inc. (Monotype) is a provider of type and technology for applications and consumer devices. The Company is engaged in the development marketing and licensing of technologies and fonts. Its business is organized as follows: Creative Professional and original equipment manufacturer (OEM). For the Creative Professional market it provides content across various devices and mediums. It offers products such as Type which include Monotype Libraries Monotype Linotype FontFont ITC Ascender and Bitstream collections; E-commerce Websites; Web Fonts service and font solutions. For the OEM market it offers solutions for consumer device manufacturers and independent software vendors (ISVs). It offers technologies such as screen imaging technologies printer imaging technologies creative tools cloud-based technology platform and font management.

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