Straight Path Communications Inc (STRP) CEO Sells $23,825,845.17 in Stock

Straight Path Communications Inc (NYSEAMERICAN:STRP) CEO Davidi Jonas sold 131,337 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $181.41, for a total value of $23,825,845.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Straight Path Communications Inc (STRP) traded up $0.14 on Thursday, reaching $181.49. 109,740 shares of the company’s stock were exchanged, compared to its average volume of 212,301. Straight Path Communications Inc has a twelve month low of $26.89 and a twelve month high of $235.88.

Separately, BidaskClub raised shares of Straight Path Communications from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 26th.

Several hedge funds and other institutional investors have recently made changes to their positions in STRP. California State Teachers Retirement System increased its holdings in shares of Straight Path Communications by 3.1% during the 3rd quarter. California State Teachers Retirement System now owns 15,686 shares of the technology company’s stock worth $2,834,000 after buying an additional 469 shares during the last quarter. Alpine Associates Management Inc. increased its holdings in shares of Straight Path Communications by 133.7% during the 3rd quarter. Alpine Associates Management Inc. now owns 261,700 shares of the technology company’s stock worth $47,282,000 after buying an additional 149,716 shares during the last quarter. Cowen Inc. increased its holdings in shares of Straight Path Communications by 319.9% during the 3rd quarter. Cowen Inc. now owns 183,437 shares of the technology company’s stock worth $33,142,000 after buying an additional 139,755 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Straight Path Communications during the 3rd quarter worth approximately $235,000.

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About Straight Path Communications

Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

Insider Buying and Selling by Quarter for Straight Path Communications (NYSEAMERICAN:STRP)

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