Insider Buying: Concurrent Computer Corporation (NASDAQ:CCUR) Major Shareholder Acquires 66,040 Shares of Stock

Concurrent Computer Corporation (NASDAQ:CCUR) major shareholder Julian D. Singer acquired 66,040 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were acquired at an average cost of $6.22 per share, for a total transaction of $410,768.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of Concurrent Computer Corporation (NASDAQ:CCUR) traded down 2.86% during trading on Friday, reaching $6.45. 28,225 shares of the company traded hands. The stock’s 50 day moving average price is $6.08 and its 200-day moving average price is $6.20. The stock has a market cap of $60.46 million, a P/E ratio of 2.10 and a beta of 0.26. Concurrent Computer Corporation has a 12 month low of $4.63 and a 12 month high of $7.10.

Concurrent Computer Corporation (NASDAQ:CCUR) last announced its quarterly earnings data on Thursday, September 7th. The technology company reported ($0.10) earnings per share (EPS) for the quarter. Concurrent Computer Corporation had a negative return on equity of 25.04% and a net margin of 55.12%. The company had revenue of $7.85 million for the quarter. On average, equities research analysts expect that Concurrent Computer Corporation will post $0.33 EPS for the current fiscal year.

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An institutional investor recently bought a new position in Concurrent Computer Corporation stock. Bard Associates Inc. bought a new position in shares of Concurrent Computer Corporation (NASDAQ:CCUR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 202,719 shares of the technology company’s stock, valued at approximately $1,348,000. Bard Associates Inc. owned approximately 2.19% of Concurrent Computer Corporation as of its most recent filing with the SEC. 31.11% of the stock is currently owned by institutional investors and hedge funds.

About Concurrent Computer Corporation

Concurrent Computer Corporation is a software and solutions company that develops applications on storage technologies. The Company’s operates through content delivery segment, which include software, hardware and services for streaming video content to various consumer devices and storing and managing content in the network.

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