Cluster of Insider Selling at Tucows Inc. (USA) (TCX), Plus Other Notable Insider Transactions

Board Member at High-Flying Asure Software Buys Shares

One member of Asure Software Inc. (NASDAQ:ASUR)’s boardroom piled up some shares during the final trading session of September. Board member Matthey K. Behrent bought 5,625 shares on Friday for $2.33 each, lifting his overall holding to 21,189 shares.

The shares of the global provider of cloud-based software-as-a-service time and labor management and Agile Workplace management solutions are up 42% thus far in 2016. Asure Software Inc. (NASDAQ:ASUR)’s product offerings are categorized into AsureSpace – offers workplace management solutions – and AsureForce – offers time and labor management solutions. In March, the company acquired the payroll division of Mangrove Employer Services, an acquisition that enabled Asure Software to enter into the human resource management, payroll processing and benefits administration services businesses. The company reported revenue of $9.66 million for the three months that ended June 30, an increase of 35.0% year-on-year. Renaissance Technologies LLC had 255,476 shares of Asure Software Inc. (NASDAQ:ASUR) in its portfolio on June 30.

Executive Chairman of Athletic Retailer Unloads Shares

One of the most well-informed insiders at Finish Line Inc. (NASDAQ:FINL) offloaded a sizeable block of shares last week. Glenn S. Lyon, who will serve as Executive Chairman through the end of 2016 and then serve as Non-Executive Chairman, discarded 38,523 shares on Wednesday at $23.19 apiece. After the recent sale, Mr. Lyon currently holds an ownership stake of 192,088 shares.

The premium retailer of athletic shoes, apparel and accessories has seen its market cap jump by 29% since the start of the year. Just recently, analysts at Buckingham Research downgraded Finish Line Inc. (NASDAQ:FINL) to ‘Neutral’ from ‘Buy’ and reduced the price target on the stock to $23 from $25, saying that the firm’s stock will trade range-bound in the medium term due to high comparable sales expectations. The athletic retailer’s brick-and-mortar stores sales for the three months that ended August 27 were $332.29 million, down from $337.22 million recorded in the same period of the previous year. However, the company’s Finish Line sales, composed of brick-and-mortar sales and digital sales, grew 2.5% year-over-year. Steve Cohen’s Point72 Asset Management reported ownership of 104,800 shares of Finish Line Inc. (NASDAQ:FINL) in its 13F for the second quarter.

The final page of this article will discuss recent insider selling at two other companies.