Comverse (CNSI) provides telecom business enablement solutions for communication service providers worldwide.
Insider buying during the last 30 days
Here is a table of Comverse's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Matthew Drapkin||Director||June 11-12||97,945||1,447,443
|Henry Nothhaft||Director||June 11||25,000||31,761
|Shawn Rathje||CAO||June 12||1,500||7,909 shares||+23.4%|
|Philippe Tartavull||CEO||June 11||4,300||69,742
|Roy Luria||SVP||June 11||420||11,235
|Thomas Sabol||CFO||June 11-12||3,000||26,748
There have been 132,165 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Comverse's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 132,165 shares purchased and there have been zero shares sold by insiders since January 2013. The month of June 2014 has seen all of the insider buying.
Comverse reported the fiscal 2014 first-quarter, which ended April 30, financial results on June 9 with the following highlights:
|Net loss||$16.1 million|
|Net cash||$9.44 per share|
The six insiders purchased their shares after these results.
|Qtrly Rev Growth (yoy):||-0.24||0.04||-0.09|
|PEG (5 yr expected):||-2.93||2.76||1.65|
Comverse has the lowest P/S ratio among these three companies.
There have been six different insiders buying Comverse and there have not been any insiders selling Comverse during the last 30 days. Three of these six insiders increased their holdings by more than 10%. Comverse has an insider ownership of 0.39%.
The six insiders purchased their shares at prices ranging from $23.09 to $23.66. I believe Comverse could be a good pick below $23.66 based on the intensive insider buying.
Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in CNSI over the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.