Large Inflow of Money Detected in SciQuest

SciQuest (SQI) : $4.83 million worth of transactions were on upticks in SciQuest (SQI), compared to $0.25 million on downticks. The ratio between the two was 19.7, whereas, the net money flow stood at a healthy $4.59 million on Thursdays session. The consistent buying on upticks in the stock accounted for $4.39million worth of trades. The total money flow into the stock stood at $4.39 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.11%. The stock was trading at $17.68, with a drop of $0.02 over the previous days close. The stock recorded -0.34% for the week.


The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 10.59%. Shares have rallied 27.43% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $17.81 and the one year low was seen on Oct 27, 2015. The 50-Day Moving Average price is $17.00 and the 200 Day Moving Average price is recorded at $14.07.

SciQuest (NASDAQ:SQI): The stock opened at $17.69 on Thursday but the bulls could not build on the opening and the stock topped out at $17.72 for the day. The stock traded down to $17.68 during the day, due to lack of any buying support eventually closed down at $17.68 with a loss of -0.11% for the day. The stock had closed at $17.70 on the previous day. The total traded volume was 647,755 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Sciquest Inc, Wiehe Stephen J, had purchased 15,400 shares in a transaction dated on November 9, 2015. The transaction was executed at $12.09 per share with total amount equaling $186,186.

SciQuest, Inc. provides cloud-based business automation solutions for spend management. The Companys offers procurement solutions that automate the source-to-settle process; spend analysis solutions that cleanse and classify spend data to drive and measure cost savings; supplier management solutions that facilitate its customers interactions with their suppliers; contract lifecycle management solutions that automate the contract lifecycle from contract creation through maintenance, and accounts payable solutions that automate the invoice processing and vendor payment processes. The Companys SciQuest Supplier Network is Software-as-a-Service (SaaS) communications hub that enables transaction interactions between its customers and their suppliers through its procurement, accounts payable and supplier management solutions. It is the single integration point between its customers and their suppliers that provides customers with supplier information, including supplier catalogs.

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