Seachange International Inc (SEAC) Files Form 4 Insider Buying : Mary Palermo Cotton Buys 25,000 Shares

Seachange International Inc (SEAC): Mary Palermo Cotton , director of Seachange International Inc purchased 25,000 shares on Jun 10, 2016. The Insider buying transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.36 per share for a total value of $83,992.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 13, 2016, Edward Terino (CEO) purchased 40,000 shares at $3.83 per share price.On Apr 13, 2016, Steven Craddock (director other) purchased 25,000 shares at $3.90 per share price.

Shares of SeaChange International (SEAC) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.12 points or -3.47% at $3.34 with 3,58,772 shares getting traded. Post opening the session at $3.41, the shares hit an intraday low of $3.3 and an intraday high of $3.42 and the price vacillated in this range throughout the day. The company has a market cap of $117 M and the number of outstanding shares has been calculated to be 3,51,56,227 shares. The 52-week high of SeaChange International is $7.929 and the 52-week low is $3.21.

SeaChange International Money Flow Index Chart

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.

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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