Large-cap software firm Constellation Software Inc. (CSU-T) has lagged other tech firms over the past three months, down 21.9 per cent as of Wednesday.
Heading into the fall, investors may have been concerned about the impact of AI on Constellation’s business.
Investor anxieties may be receding following President Mark Miller’s Oct. 1 conference call as the stock appears to have stabilized over the past week or so. Importantly, insiders have bought the pullback. From Sept. 16 to 30, five insiders bought a total of 640 common shares at an average price of $3,722.74.
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Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.