Shares of SciQuest (SQI) Sees Large Inflow of Net Money Flow

SciQuest (SQI) : SciQuest (SQI) had a healthy money flow of $7.05 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $7.31 million, whereas, investors only sold shares worth $0.26 million on downticks. The stock closed the day with an up-down ratio of 27.83.The money flow in the block trades to the tune of $7.08 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $7.08 million worth of transactions were on upticks. SciQuest (SQI) stock slid $0.01 intraday and traded at 17.69, a change of -0.06% over previous days close. However, for the week, the company shares are -0.28% compared to previous weeks close.


The company Insiders own 6.5% of SciQuest shares according to the proxy statements. Institutional Investors own 90.72% of SciQuest shares. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Sciquest Inc, Wiehe Stephen J, had purchased 15,400 shares in a transaction dated on November 9, 2015. The transaction was executed at $12.09 per share with total amount equaling $186,186.

Shares of SciQuest, Inc. rose by 0.28% in the last five trading days and 0.06% for the last 4 weeks. SciQuest, Inc. is up 24.89% in the last 3-month period. Year-to-Date the stock performance stands at 36.55%.

SciQuest (NASDAQ:SQI): stock turned positive on Tuesday. Though the stock opened at $17.72, the bulls momentum made the stock top out at $17.72 level for the day. The stock recorded a low of $17.68 and closed the trading day at $17.71, in the green by 0.06%. The total traded volume for the day was 1,064,048. The stock had closed at $17.7 in the previous days trading.

SciQuest, Inc. provides cloud-based business automation solutions for spend management. The Companys offers procurement solutions that automate the source-to-settle process; spend analysis solutions that cleanse and classify spend data to drive and measure cost savings; supplier management solutions that facilitate its customers interactions with their suppliers; contract lifecycle management solutions that automate the contract lifecycle from contract creation through maintenance, and accounts payable solutions that automate the invoice processing and vendor payment processes. The Companys SciQuest Supplier Network is Software-as-a-Service (SaaS) communications hub that enables transaction interactions between its customers and their suppliers through its procurement, accounts payable and supplier management solutions. It is the single integration point between its customers and their suppliers that provides customers with supplier information, including supplier catalogs.

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