Insider Buying: Asure Software, Inc. (NASDAQ: ASUR) CEO Buys 18,000 Shares

Patrick Goepel, CEO of Asure Software, Inc. (NASDAQ:ASUR – Get Rating), acquired 18,000 shares of the company in a transaction dated Monday, August 15. The shares were purchased at an average cost of $5.56 per share, for a total transaction of $100,080.00. As a result of the transaction, the CEO now directly owns 917,888 shares of the company, valued at $5,103,457.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link.

Patrick Goepel also recently made the following trade(s):

  • On Friday August 12, Patrick Goepel purchased 82,000 shares of Asure Software. The shares were acquired at an average cost of $5.82 per share, for a total transaction of $477,240.00.

Asure Software Stock Performance

Shares of ASUR were down $0.29 during Monday trading hours, hitting $5.31. 102,616 shares of the company were traded, against an average volume of 45,124. The company has a fifty-day simple moving average of $5.60 and a 200-day simple moving average of $6.14. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt ratio of 0.23. Asure Software, Inc. has a 52-week low of $5.01 and a 52-week high of $9.94. The stock has a market capitalization of $106.95 million, a price-earnings ratio of -13.97 and a beta of 0.89.

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Asure Software (NASDAQ:ASUR – Get Rating) last released its quarterly earnings data on Monday, August 8. The technology company reported ($0.04) earnings per share for the quarter, beating analyst consensus estimates of ($0.07) by $0.03. Asure Software had a negative net margin of 9.38% and a negative return on equity of 0.88%. During the same period last year, the company posted ($0.04) earnings per share. Research analysts predict that Asure Software, Inc. will post earnings per share of -0.11 for the current fiscal year.

Institutional entries and exits

Hedge funds have recently been buying and selling shares of the company. Private Capital Management LLC increased its position in Asure Software shares by 33.4% during the second quarter. Private Capital Management LLC now owns 3,407,915 shares of the technology company valued at $19,425,000 after purchasing an additional 853,762 shares last quarter. Vanguard Group Inc. increased its equity stake in Asure Software by 48.0% during the first quarter. Vanguard Group Inc. now owns 1,762,073 shares of the technology company worth $10,484,000 after acquiring an additional 571,201 shares in the last quarter. Invenire Partners LP purchased a new stake in shares of Asure Software during Q4 for a value of $2,153,000. Archon Capital Management LLC increased its equity stake in Asure Software by 8.0% during the fourth quarter. Archon Capital Management LLC now owns 1,354,693 shares of the technology company worth $10,607,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Boston Partners purchased a new equity stake in Asure Software during Q4 for $341,000. 64.47% of the shares are currently held by hedge funds and other institutional investors.

Changes to analyst ratings

Separately, picked up coverage of Asure Software stocks in a Thursday, August 4, research report. They have set a “holding” rating on the stock.

About Asure Software

(Get an assessment)

Asure Software, Inc provides cloud-based human capital management solutions in the United States. It helps various small and medium enterprises to build productive teams to help them stay compliant and allocate resources to grow their business. The company’s solutions include Asure Payroll & Tax, an integrated cloud-based solution that automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and the Fair Labor Standards Act, as well as federal, state, and local payroll taxes; Asure (Human Resources) HR, a cloud-based feature that handles HR complexities, such as employee self-service that gives employees access to company information, payroll history, and documents company ; and Asure Time & Attendance which provides cost savings and ROI gains in the form of strategic use of labor dollars and elimination of time theft.

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