An insider at Concur Technologies, Inc. (NASDAQ:CNQR) lowered her stake with the company today. The Executive Vice President and General Manager Elena A. Donio sold 5,000 shares of common stock at an average price of $127.5 per share. Following this transaction, Donio holds a total of 27,046 shares directly.
Concur Technologies, Inc. (NASDAQ:CNQR) is a $7.23 billion market cap company that operates as a provider of integrated travel and expense management solutions for companies of all industries, sizes, and geographies using cloud computing software solutions. Moreover, it provides these solutions primarily on a subscription basis.
As well, there are multiple hedge funds with holdings in the company.  Howard Marks‘ Oaktree Capital Management holds about 60.4 million shares worth approximately $67.8 million; while billionaire D.E. Shaw‘s D E Shaw hedge fund reported a 9% decrease in its holdings over the last quarter, and now holds 160,100 shares worth nearly $15 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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