Insider Buying: WaveDancer, Inc. (NASDAQ:WAVD) CEO Acquires 12,000 Shares of Stock

WaveDancer, Inc. (NASDAQ:WAVDGet Rating) CEO Gerald James Benoit, Jr. acquired 12,000 shares of the company’s stock in a transaction on Tuesday, May 3rd. The shares were acquired at an average price of $4.57 per share, for a total transaction of $54,840.00. Following the completion of the acquisition, the chief executive officer now directly owns 878,645 shares in the company, valued at $4,015,407.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:WAVD opened at $4.03 on Friday. WaveDancer, Inc. has a 12-month low of $1.84 and a 12-month high of $6.00. The firm has a market cap of $69.90 million, a price-to-earnings ratio of -40.30 and a beta of 3.25. The firm’s 50 day moving average is $4.78.

WaveDancer (NASDAQ:WAVDGet Rating) last announced its quarterly earnings results on Tuesday, April 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. WaveDancer had a negative return on equity of 15.98% and a negative net margin of 7.53%. The business had revenue of $2.58 million for the quarter.

About WaveDancer (Get Rating)

WaveDancer, Inc provides software solutions for government and commercial organizations. Its software solutions specialize in secure supply chain management, as well as cutting edge IT network security. The company's technology brings transactions, documentation, and authorizations together in web-based interface that provides an unprecedented level of accountability, auditability, and predictability.

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