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Eyal Goldstein, Chief Revenue Officer at Asure Software Inc . (NASDAQ:ASUR), recently sold 18,000 shares of the company’s common stock. The shares were sold at an average price of $9.27, bringing the total transaction value to approximately $166,860. This transaction occurred on March 12, 2025. The sale comes as ASUR trades near $9.16, down about 4.4% over the past week, with InvestingPro analysis indicating the stock is currently undervalued.
In addition to the sale, Goldstein exercised stock options to acquire 18,000 shares at a price of $6.43 per share, totaling $115,740. Following these transactions, Goldstein holds 333,334 shares of Asure Software directly. With six analysts recently revising earnings expectations downward, tracking insider transactions becomes crucial. Discover comprehensive insider trading patterns and analysis with InvestingPro’s detailed research reports.
The transactions were part of a series of routine financial activities by the executive, reflecting ongoing involvement with the company’s equity. Asure Software, based in Austin, Texas, is a provider of cloud-based human capital management and workspace management software solutions. The company maintains impressive gross profit margins of 68.5% and holds more cash than debt on its balance sheet, though it’s currently not profitable over the last twelve months.
In other recent news, Asure Software reported its fourth-quarter earnings for 2024, revealing a significant miss on earnings per share (EPS), posting -$0.12 compared to the expected $0.19. Revenue was slightly below expectations at $30.79 million, just under the forecast of $30.8 million. Despite these results, Asure Software confirmed its EBITDA margin guidance for fiscal year 2025 at 23%-24%. The company also reiterated its revenue guidance for 2025, projecting a range of $134-$138 million, indicating mid-teens growth. Analysts from Stifel and Needham have maintained their Buy ratings on Asure Software, with price targets set at $11 and $20, respectively. Stifel highlighted the company’s strong sales momentum and backlog growth, while Needham pointed to potential improvements in gross margins. Asure Software’s recurring revenue grew by 15% in 2024, now making up 96% of total revenues. The company also reported robust bookings growth and an increase in its contracted backlog, which rose 17% quarter-over-quarter and 300% year-over-year.
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