Vanguard Group Inc is the third biggest owner of Avid Technology, Inc. (AVID)

Avid Technology, Inc. (NASDAQ:AVID) enjoyed a 60.4% run-up in share price since hitting record low of $3.99. The stock managed 8.11% rise and now stands at $6.4 as of 11/20/2017. At recent session, the prices were hovering between $5.93 and $6.56. This company shares are 17.19% off its target price of $7.5 and the current market capitalization stands at $255.55M. The recent change has given its price a 39.55% lead over SMA 50 and 1.11% lead over its 52-week high. The stock witnessed 39.43% gains, 47.47% gains and 17.86% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AVID’s volatility during a week at 11.08% and during a month it has been found around 6.66%.

Avid Technology, Inc. (AVID) Top Holders

Institutional investors currently hold around $183 million or 74.4% in AVID stock. Look at its top three institutional owners. Cove Street Capital, Llc owns $40.21 million in Avid Technology, Inc., which represents roughly 15.73% of the company’s market cap and approximately 21.97% of the institutional ownership. Similar statistics are true for the second largest owner, Blum Capital Partners Lp, which owns 6,555,367 shares of the stock are valued at $38.81 million. The third largest holder is Vanguard Group Inc, which currently holds $15.07 million worth of this stock and that ownership represents nearly 5.9% of its market capitalization.

Avid Technology, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 36 institutional holders increased their position in Avid Technology, Inc. (NASDAQ:AVID) by some 2,315,423 shares, 50 decreased positions by 2,891,903 and 16 held positions by 25,760,897. That puts total institutional holdings at 30,968,223 shares, according to SEC filings. The stock grabbed 10 new institutional investments totaling 352,996 shares while 20 institutional investors sold out their entire positions totaling 925,616 shares.

Avid Technology, Inc. (NASDAQ:AVID) Insider Trades

Multiple company employees have indulged in significant insider trading. Avid Technology, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman & CEO Hernandez Louis Jr has acquired 136,653 shares of Avid Technology, Inc. (AVID) in trading session dated Jun. 14, 2017. These shares are worth $681,898 and were traded at $4.99 each. The SEC filing shows that Hernandez Louis Jr performed a purchase of 141,447 shares. The Chairman & CEO added these shares by way of transaction on Jun. 13, 2017. The company’s shares were assimilated at $5 per share worth to an investment of some $707,235 on account of Hernandez Louis Jr.

Controller, Murray Ryan H, sold 9,500 common shares of Avid Technology, Inc. (AVID) in the open market. In a transaction dated Jun. 02, 2017, the shares were put up for sale at an average price of $5.13, raking in a sum of $48,735. After this sale, 28,799 common shares of AVID are directly owned by the insider, with total stake valued at $184,314.

In the transaction dated Aug. 16, 2016, the great number of shares disposed came courtesy the Former EVP, CFO & CAO; Frederick John W. disposed a total of 457,506 shares at an average price of $9.09, amounting to approximately $4,158,730. The insider now directly owns 87,552 shares worth $560,333.

Avid Technology, Inc. (AVID) Analyst Guide

Several analysts have released their opinion on Avid Technology, Inc. (NASDAQ:AVID), with 0 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

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