Straight Path Communications Inc (NYSE:STRP), saw two insiders lower their holdings with a company through a series of transactions that were officially filed today, August 12th. Chief Financial Officer Jonathan Rand sold 4,370 shares at an average price of $9.71 per share, while Chief Executive Officer and President Davidi Jonas disposed of 31,476 shares, also at an average price of $9.71 per share. Following these transactions, Rand now has 85,898 shares directly involved with the company; and Jonas now has a total of 269,132 shares directly.
A $109.59 million market cap company, Straight Path Communications Inc (NYSE:STRP) leases its holdings of 38 and 28 gigahertz fixed wireless spectrum licenses through its Straight Path Spectrum, Inc. (Straight Path Spectrum) subsidiary. SPCI holds and licenses patent rights covering communications over computer networks, such as the internet, and provides licenses for communications over the Internet to voice over Internet protocol (VoIP) providers, and products and services that allow for the transmission of data over the Internet.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.