Computer Software Industry Released Flat Insider Trading Record

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 20, 2011 -- The computer software industry is convinced the “cloud” is where business is going. It thinks that in the next few years, there will be bigger and faster migration to it from on-premise solutions for cost efficiency and competitiveness. This observation is supported by industry researches and studies showing that enterprises are ready to consider Software as a Service or cloud- based ERP solutions. Industry giant Apple Inc. announced the introduction of iCloud in its WWDC conference and predicted the new technology will change the way many companies operate their software system.

Insider trade activities stayed flat in computer software industry for the last 4 weeks. Buy ratio remained unchanged at 19% compared to last 8 weeks. However, it was on an upward trend since April and number of net seller decreased from 96 to 83 while number of net buyer decreased from 23 to 20. For more data and analysis about insider trading, please visit http://www.insiderslab.com/media/mediaRoom.php

Glu Mobile Inc. (NASDAQ:GLUU) Nada Hany, director of Glu Mobile, sold 504,177 shares on May 31 at $5.1 and reduced his shareholding by a significant 16%. In addition, Nada sold 76,000 company shares on June 2 at $5.50, which reduced his share holdings by a further 3%. Another director Drapkin Matthew sold 150,200 shares at $4.84 on June 7, which reduced his share holding by 12%. Since June 2, Drapkin reduced his total shareholding by 45% and cashed in 4.66 million dollars. The stock hit a 4-week high of $5.51 on June 2 and was closed at $4.53 on June 17. Read (GLUU) insider trading report at http://www.insiderslab.com/Notable/GLUU/

LogMeIn, Inc. (NASDAQ:LOGM) Harrison Kevin K, senior vice president of LogMeIn, sold 25,000 company shares at $43.08 on June 1, which significantly reduced his shareholdings in the company by 50%. Simon Michael K, CEO and director of LogMeIn, sold 20,000 shares at $37.93 on June 8, which netted him $758,690 and reduced his shareholdings by a small amount of 3%. The stock reached a 4-week high of $43.65 on June 1 and was closed at $36.02 on June 17.
Read (LOGM) insider trading report at http://www.insiderslab.com/Notable/LOGM/

Qlik Technologies Inc (NASDAQ:QLIK) Sorenson William G, CFO of Qlik Technologies, sold 50,000 company shares at $32.35 on June 2, which reduced his total shareholding in the company by a significant 50%. Director Margalit Erel N also sold 2 million company shares at $31 on June 7 and lower his shareholding by 50%. Since May 9, Margalit sold over 5.2 million Qlik shares and cashed in 157.2 million dollars. The stock touched a 4-week high of $33.47 on June 1 and was closed at $30.58 on June 17. Read (OLIK) insider trading report at http://www.insiderslab.com/Notable/OLIK/

To contact the editor of this report Tim Fang in Vancouver at Tim@insiderslab.com

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