Straight Path Communications Inc (NYSEAMERICAN:STRP) CEO Davidi Jonas sold 131,337 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $181.41, for a total transaction of $23,825,845.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Straight Path Communications Inc (NYSEAMERICAN STRP) opened at $181.90 on Friday. The stock has a market cap of $2,320.00, a PE ratio of -40.78 and a beta of -1.89. Straight Path Communications Inc has a 1-year low of $26.89 and a 1-year high of $235.88.
A number of institutional investors have recently modified their holdings of STRP. Alpine Associates Management Inc. increased its holdings in Straight Path Communications by 133.7% in the third quarter. Alpine Associates Management Inc. now owns 261,700 shares of the technology company’s stock valued at $47,282,000 after buying an additional 149,716 shares in the last quarter. Cowen Inc. increased its holdings in Straight Path Communications by 319.9% in the third quarter. Cowen Inc. now owns 183,437 shares of the technology company’s stock valued at $33,142,000 after buying an additional 139,755 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Straight Path Communications in the third quarter valued at about $235,000. Finally, California State Teachers Retirement System increased its holdings in Straight Path Communications by 3.1% in the third quarter. California State Teachers Retirement System now owns 15,686 shares of the technology company’s stock valued at $2,834,000 after buying an additional 469 shares in the last quarter.
Separately, BidaskClub cut shares of Straight Path Communications from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 25th.
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About Straight Path Communications
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
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