Large Outflow of Money Witnessed in SciQuest

SciQuest (NASDAQ:SQI) managed to eke out gains of 0.03% in intraday trade. The share price increased by 0.01 points to $17.63. Till last observation, the net money flow was recorded at a negative $(-4.99) million. The total inflow of $1.29 million in upticks was completely overshadowed by an outflow of $6.28 million in downticks, giving the up/down ratio a value of 0.21. The shares have seen a change of -0.42% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $1.07 million and the composite value in downticks was $6.12 million. The resultant up/down ratio for the block exchange was 0.17. The block trade had a negative money flow of $(-5.05) million.

SciQuest, Inc. has dropped 0.4% in the last five trading days, however, the shares have posted positive gains of 34.99% in the last 4 weeks. SciQuest, Inc. is up 25.48% in the last 3-month period. Year-to-Date the stock performance stands at 35.93%.

Currently the company Insiders own 6.5% of SciQuest shares according to the proxy statements. Institutional Investors own 90.94% of SciQuest shares. . On the companys insider trading activities, Wiehe Stephen J, CEO of Sciquest Inc, had purchased 15,400 shares on November 9, 2015. The total value of the transaction was $186,186. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

SciQuest (NASDAQ:SQI) rose 0.06% or 0.01 points on Friday and made its way into the gainers of the day. After trading began at $17.63 the stock was seen hitting $17.67 as a peak level and $17.6 as the lowest level. The stock ended up at $17.63. The daily volume was measured at 865,580 shares. The 52-week high of the share price is $17.81 and the 52-week low is $9.49. The company has a market cap of $490 million.

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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