The Active Network, Inc. (NYSE: ACTV) has been public less than one year and some insiders are partially cashing out. An SEC filing on Friday showed that a proposed share sale was being registered on behalf of selling stockholders for shares which were privately issued to the selling stockholders in connection with a merger transaction and a private placement. The sellers are mostly venture and private equity backers. This stock closed down 2.3% at $14.59 and this $20+ million in shares being registered for sale compares to a market cap of $791 million. What we find so interesting about this company is that the company loses money and is expected to have an annual loss in 2011 and 2012. Should it be worth almost $800 million or two-times expected sales in 2012? Maybe, but maybe not.
Active Network Insiders Selling Shares (ACTV)
By
Jon C. Ogg
Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
About the Author
Jon C. Ogg →
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.
Top Gaining Stocks
Top Losing Stocks