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Edgewater Technology Inc. (EDGW) CEO Shirley Singleton buys 1,000 Shares

November 23, 2010 | About:
insider

insider

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Chairman, President and CEO of Edgewater Technology Inc. (EDGW) Shirley Singleton buys 1,000 shares of EDGW on 11/19/2010 at an average price of $2.8 a share.

Edgewater Technology Inc. has a market cap of $34.4 million; its shares were traded at around $2.8 with and P/S ratio of 0.7.

EDGW is in the portfolios of John Rogers of ARIEL CAPITAL MANAGEMENT LLC, Mario Gabelli of GAMCO Investors, Jim Simons of Renaissance Technologies LLC.

This is the annual revenues and earnings per share of EDGW over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of EDGW.


CEO Recent Trades:


  • Buy: Chairman, President and CEO Shirley Singleton bought 2,000 shares of EDGW stock on 08/17/2010 at the average price of 2.65. Shirley Singleton owns at least 120,100 shares after this. The price of the stock has increased by 5.66% since.



This is the insider trade history vs. stock price of EDGW. For the complete insider trading history of EDGW, click here.




Directors and Officers Recent Trades:


  • Buy: Director Wayne Wilson bought 1,000 shares of EDGW stock on 08/25/2010 at the average price of 2.8. Wayne Wilson owns at least 32,000 shares after this. The price of the stock has decreased by 0% since.

  • Buy: Director Wayne Wilson bought 1,000 shares of EDGW stock on 08/24/2010 at the average price of 2.84. Wayne Wilson owns at least 31,000 shares after this. The price of the stock has decreased by 1.41% since.

  • Buy: EVP & Chief Technology Officer David Clancey bought 2,000 shares of EDGW stock on 08/17/2010 at the average price of 2.65. David Clancey owns at least 107,000 shares after this. The price of the stock has increased by 5.66% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.2/5 (5 votes)

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