Multiple insiders have been loading up on Endurance International (EIGI, Financial) shares.
Insiders Reedy Chandler (director), Warburg Pincus Private Equity (director, 10% owner), Justin Sadrian (director), Warburg Pincus X Partners LP (director, 10% owner) and James Neary (director) each purchased 209,300 shares of Endurance International recently, according to the Securities and Exchange Commission.
The purchases came in two transactions.
On Sept. 30 the insiders purchased 25,000 shares each at $8.68 per share. Then on Oct. 4, the insiders added 184,300 shares each at a price of $8.65 per share. In all 1,046,500 shares were purchased by these five insiders.
Endurance International has a market cap of $1.27 billion, an enterprise value of $3.21 billion, a price-book (P/B) ratio of 7.53 and a price-sales (P/S) ratio of 1.28.
Endurance International is a leading provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online. The company serves 4.7 million subscribers globally with a comprehensive and integrated suite of over 150 products and services.
Endurance International employed 2,593 employees including 1,671 in support and network operations, 514 in sales and marketing, 183 in engineering and development and 225 in general and administrative as of Dec. 31, 2015.
GuruFocus gives Endurance International a 3 of 10 financial strength rating with a cash-debt ratio of 0.04, an equity-asset ratio of 0.06 and a Piotroski F-Score of 5 indicating a typical financial situation for a stable company. The company also has a 4 of 10 profitability and growth rating with an operating margin of -5.39%, a net margin of -3.39%, an ROE of -16.69% and an ROC (Joel Greenblatt (Trades, Portfolio)) of -44.47%.
Endurance International Group was inspired by legendary Sir Ernest Shackleton when it was facing tremendous adversity after the dot-com crash. Shackleton's goal was to cross Antarctica from sea to sea. However, shortly after the expedition began, disaster struck. The ship, named the Endurance, was crushed by pack ice. Shackleton's new goal was to survive the next nine months while keeping his 28-man crew alive during the thousand-mile trek across pack ice.
It was Shackleton's story that kept Endurance International CEO Hari Ravichandran motivated when he was down to 14 employees after the dot-com crash.
Disclosure: Author does not own any shares of this company.
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