ChinaNet Online Holdings, Inc. (CNET): A Detailed Look at its Institutional Ownership

ChinaNet Online Holdings, Inc. (NASDAQ:CNET) produced a 44.28% rally since recording the worst price of $0.9. Thanks to the latest 25% increase, it now trades at $1.3. Throughout the trading on Oct. 6, 2017, the share price floated between $1.04 and $1.99. This company shares are 2030.77% off its target price of $27.7 and the current market capitalization stands at $15.87M. The recent change has given its price a 24.96% lead over SMA 50 and -33.64% deficit over its 52-week high. The stock witnessed 30% gains, 11.11% gains and 8.57% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CNET’s volatility during a week at 21.4% and during a month it has been found around 10.03%.

ChinaNet Online Holdings, Inc. 13F Filings

At the end of 06/30/2017 reporting period, 1 institutional holders increased their position in ChinaNet Online Holdings, Inc. (NASDAQ:CNET) by some 22,884 shares, 1 decreased positions by 5,904 and 1 held positions by 5,496. That puts total institutional holdings at 34,284 shares, according to SEC filings. The stock grabbed 1 new institutional investments totaling 22,884 shares while 1 institutional investors sold out their entire positions totaling 5,904 shares.

ChinaNet Online Holdings, Inc. (NASDAQ:CNET) Insider Trades

Multiple company employees have indulged in significant insider trading. ChinaNet Online Holdings, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO and President, 10% Owner Cheng Handong has acquired 1,652 shares of ChinaNet Online Holdings, Inc. (CNET) in trading session dated Dec. 03, 2012. These shares are worth $4,213 and were traded at $2.55 each. The SEC filing shows that Rise King Investment Ltd performed a purchase of 6,047 shares. The 10% Owner added these shares by way of transaction on Dec. 03, 2012. The company’s shares were assimilated at $2.55 per share worth to an investment of some $15,420 on account of Rise King Investment Ltd.

10% Owner, Liu Xuanfu, purchased 1,652 common shares of ChinaNet Online Holdings, Inc. (CNET) in the open market. In a transaction dated Dec. 03, 2012, the shares were bought at an average price of $2.55, giving away a sum of $4,213. After this purchase, 3,005,965 common shares of CNET are directly owned by the insider, with total stake valued at $3,907,755.

In the transaction dated Dec. 03, 2012, the great number of shares acquired came courtesy the CFO, 10% Owner; Zhang Zhige added a total of 1,652 shares at an average price of $2.55, amounting to approximately $4,213. The insider now directly owns 3,005,965 shares worth $3,907,755.

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