Bridgeline Digital, Inc. (NASDAQ:BLIN) CEO Buys $16,976.46 in Stock

Bridgeline Digital, Inc. (NASDAQ:BLINGet Rating) CEO Roger E. Kahn bought 13,802 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was bought at an average cost of $1.23 per share, for a total transaction of $16,976.46. Following the purchase, the chief executive officer now directly owns 16,773 shares of the company’s stock, valued at approximately $20,630.79. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

BLIN stock traded up $0.08 during midday trading on Wednesday, hitting $1.31. 48,502 shares of the company’s stock were exchanged, compared to its average volume of 112,153. Bridgeline Digital, Inc. has a one year low of $1.07 and a one year high of $14.38. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.33 and a current ratio of 0.94. The company has a market cap of $13.39 million, a PE ratio of -1.42 and a beta of 2.77. The stock’s fifty day moving average price is $1.62 and its 200-day moving average price is $2.05.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in Bridgeline Digital by 28.5% in the 1st quarter. Renaissance Technologies LLC now owns 326,200 shares of the software maker’s stock valued at $623,000 after acquiring an additional 72,341 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Bridgeline Digital in the 4th quarter valued at about $161,000. Geode Capital Management LLC lifted its holdings in shares of Bridgeline Digital by 92.6% in the third quarter. Geode Capital Management LLC now owns 46,390 shares of the software maker’s stock valued at $190,000 after purchasing an additional 22,306 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Bridgeline Digital during the third quarter worth about $93,000. Finally, Squarepoint Ops LLC bought a new position in shares of Bridgeline Digital during the fourth quarter worth about $29,000. 26.08% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on BLIN shares. Zacks Investment Research downgraded shares of Bridgeline Digital from a “buy” rating to a “hold” rating in a research report on Tuesday, March 15th. StockNews.com began coverage on shares of Bridgeline Digital in a report on Sunday. They issued a “hold” rating on the stock.

About Bridgeline Digital (Get Rating)

Bridgeline Digital, Inc operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create websites, web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and Bridgeline Unbound Commerce, an online B2B and B2C commerce solution that allows users to manage domestic and international commerce initiatives.

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