Marin Software Incorporated (NASDAQ:MRIN) produced a 22.33% rally since recording the worst price of $2.15. Thanks to the latest 5.2% increase, it now trades at $2.63. Throughout the trading on 6/12/2019, the share price floated between $2.38 and $2.9977. This company shares are -23.95% up from its target price of $2 and the current market capitalization stands at $15.36M. The recent change has given its price a -36.42% deficit over SMA 50 and -78.08% deficit over its 52-week high. The stock witnessed -34.25% declines, -36.63% declines and 8.23% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MRIN’s volatility during a week at 14.19% and during a month it has been found around 9.89%.Marin Software Incorporated (MRIN) Top Holders
Institutional investors currently hold around $2 million or 34.9% in MRIN stock. Look at its top three institutional owners: Renaissance Technologies Llc owns $737 thousand in Marin Software Incorporated, which represents roughly 4.8% of the company’s market cap and approximately 36.85% of the institutional ownership. Similar statistics are true for the second largest owner, Sapphire Ventures, L.L.C., which owns 194,111 shares of the stock are valued at $485 thousand. The third largest holder is Vanguard Group Inc, which currently holds $167 thousand worth of this stock and that ownership represents nearly 1.09% of its market capitalization.
At the end of March reporting period, 9 institutional holders increased their position in Marin Software Incorporated (NASDAQ:MRIN) by some 141,164 shares, 9 decreased positions by 104,503 and 2 held positions by 506,080. That puts total institutional holdings at 751,747 shares, according to SEC filings. The stock grabbed 3 new institutional investments totaling 17,319 shares while 4 institutional investors sold out their entire positions totaling 40,546 shares.Marin Software Incorporated (NASDAQ:MRIN) Insider Trades
Multiple company employees have indulged in significant insider trading. Marin Software Incorporated disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner ESW Capital, LLC has sold 625,128 shares of Marin Software Incorporated (MRIN) in the trading session dated Dec. 28, 2018. These shares are worth $4,569,686 and were traded at $7.31 each. The SEC filing shows that Walcott Wister performed a purchase of 2,000 shares. The EVP, Product and Technology added these shares by way of transaction on Dec. 17, 2018. The company’s shares were assimilated at $3.05 per share worth to an investment of some $6,100 to the account of Walcott Wister.
EVP, Product and Technology, Walcott Wister, purchased 2,000 common shares of Marin Software Incorporated (MRIN) in the open market. In a transaction dated Oct. 15, 2018, the shares were bought at an average price of $3.24, giving away a sum of $6,480. After this purchase, 66,033 common shares of MRIN are directly owned by the insider, with total stake valued at $173,667.
In the transaction dated Aug. 15, 2018, a great number of shares acquired came courtesy the EVP, Product and Technology; Walcott Wister added a total of 2,000 shares at an average price of $4.3, amounting to approximately $8,600. The insider now directly owns 64,033 shares worth $168,407.