Speed Commerce Inc (NASDAQ:SPDC), saw an insider lower his position with the company through a transaction officially filed today, August 15th. Chief Financial Officer Terry J. Tuttle acquired 2,050 shares at an average price of $2.87 per share. Following the completion of this transaction, Tuttle now has 16,714 shares directly invested in the company.
Speed Commerce Inc (NASDAQ:SPDC) is a $189.07 million market cap company that operates as a distributor and provider of complete logistics solutions to traditional and Internet-based retailers. The Company’s solutions support both direct-to-consumer (DTC) and business-to-business (B2B) sales channels. As well, the Company also publishes computer software, and in last month, Speed Commerce Inc sold its legacy distribution business segment to WYNIT Distribution, LLC.
The largest outside investment comes from Matthew Drapkin And Steven R. Becker‘s Becker Drapkin Management, which after lowering its holdings by 30% last quarter, holds 1,828,928 shares worth about $6.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.