Peter Perrone, Director at Endurance International Group Holdings Inc. (NASDAQ:EIGI) completed an acquisition of 15,000 shares in Common Stock yesterday. The stock was bought directly and the insider paid a weighted average price of $13.73 for each share. While this is Perrone’s only stock trade at the $1.84 billion market cap provider of cloud-based solutions so far, he acquired 31,577 shares of Common Stock from Limelight Networks, Inc. (NASDAQ:LLNW) in May, paying a price of $1.95 per share.
Furthermore, Perrone may be the only insider trading stock at Endurance International, but last quarter showed that several hedge funds are confident in the firm’s future success. Michael Pausic’s Foxhaven Asset Management entered a new shareholder position in March by purchasing 472,913 company shares, worth approximately $6.15 million. Another new shareholding position is occupied by Eric Semler’s Tcs Capital Management. The hedge fund bought 383,480 Endurance shares last quarter, with an estimated value of $4.9 million and accounting for 2.33% of the holdings portfolio.