Rocket Fuel Inc (NASDAQ:FUEL), watched as one of its top tier insiders altered their holdings with the company through a transaction that began earlier in the week and was officially filed today, August 29th, resulting in the rise of their exposure to the company. Vice President, General Counsel, and CPO Joann Covington purchased 898 shares of common stock at an average price of $21.25 per share. As well, following this move, Covington has a total of 4,398 shares directly invested in the corporation.
In addition, a $556.42 million market cap company, Rocket Fuel Inc (NASDAQ:FUEL) is a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform. Its technology is designed to address the needs of markets in which the volume and speed of information render real-time human analysis unfeasible.
Finally, at this time there are no major hedge funds involved with the technology company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.