Insider Buying: Bridgeline Digital, Inc. (NASDAQ:BLIN) CEO Buys 25,533 Shares of Stock

Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Rating) CEO Roger E. Kahn acquired 25,533 shares of the business’s stock in a transaction on Friday, May 19th. The stock was acquired at an average price of $0.95 per share, with a total value of $24,256.35. Following the transaction, the chief executive officer now owns 807,779 shares in the company, valued at approximately $767,390.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Bridgeline Digital Trading Down 5.6 %

Shares of NASDAQ BLIN opened at $1.01 on Friday. Bridgeline Digital, Inc. has a 1 year low of $0.87 and a 1 year high of $1.68. The firm’s 50-day moving average is $0.93 and its 200-day moving average is $1.10. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.03.

Institutional Trading of Bridgeline Digital

An institutional investor recently bought a new position in Bridgeline Digital stock. Virtu Financial LLC purchased a new position in Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 31,556 shares of the software maker’s stock, valued at approximately $41,000. Virtu Financial LLC owned about 0.31% of Bridgeline Digital as of its most recent SEC filing. 19.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BLIN. StockNews.com started coverage on shares of Bridgeline Digital in a research report on Sunday, May 21st. They set a “hold” rating on the stock. TheStreet cut shares of Bridgeline Digital from a “c-” rating to a “d” rating in a research report on Wednesday, February 15th.

Bridgeline Digital Company Profile

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Bridgeline Digital, Inc is an information technology company. It engages in the development of web engagement management product platform and related digital solutions. The firm also enables its customers to maximize the performance of their mission critical websites, intranets, and online stores. Its platform provides Web Content Management, eCommerce, eMarketing, Social Media management, and Web Analytics.