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Sapient Corp. Message Board

  • trackingerror08 trackingerror08 Apr 28, 2008 4:14 PM Flag

    8.0 M Insider Shares Sold in the last 6 month

    I was looking at this one for a long, but all the insider selling got me worried,

    Can anyone offer a Explanation for the insider sales? Did these directors leave?

    I am also worried about 1.35 per share in Cash, however, after IBM I am looking more closely at IT consulting, however, SAPE has alot of red flags that worries me.

    However, I still might pull the trigger, but it looks dangerous,

    The insider sales look like 2 directors mostly what is their story.

    any perspective would be greatly appreciated

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    • Moore and Greenberg founded the company, took it to dazzling heights and then almost crashed it (down to $1). They got bumped and remain in name only as directors. They each own 8-10M shares and probaly earn a bundle more shares each year as part of their stepping down. They each have made over $250M and don't need the cash per say. If you see the other directors selling like Cunningham and Gaskins then I am running. Having seen the stock go to $120 to $1 and now back to $7 I am sticking sround just for laughs.
      Warm regards
      Uncle Han