Gold prices rise from 2-wk low with focus on Russia-Ukraine, Jackson Hole
Michael Ketslakh, a director at Bridgeline Digital, Inc. (NASDAQ:BLIN), recently acquired 394,736 shares of the company’s common stock. The purchase, which took place on March 26, totaled approximately $599,998, with each share priced at $1.52. The transaction comes as the stock has shown strong momentum, with InvestingPro data showing a nearly 26% gain over the past six months. Currently trading at $1.47, analysts have set price targets ranging from $3.50 to $4.62. This transaction was executed through the Michael V. Ketslakh Revocable Trust, where Ketslakh serves as trustee and beneficiary.
Following this acquisition, Ketslakh holds 394,736 shares directly through the trust. Additionally, he maintains indirect control over 57,620 shares held by INV LLC, where he is the manager. However, Ketslakh has disclaimed beneficial ownership of the shares held by INV LLC, except for his pecuniary interest.
In other recent news, Bridgeline Digital reported its Q4 2024 earnings with total revenue remaining flat at $3.8 million, while maintaining a net loss of $600,000, consistent with the previous year. Subscription license revenue saw a slight decrease of 1%, whereas services revenue experienced an 11% increase. Bridgeline Digital also made a strategic move by repurchasing securities from two investors, acquiring all 350 shares of its Series C Preferred Stock and related warrants and options for $332,500. In terms of company developments, a significant building materials distributor in the United States has adopted Bridgeline’s HawkSearch tool to enhance their eCommerce search functionality, aiming to improve product discovery and customer engagement.
Additionally, a major scientific equipment retailer has implemented Bridgeline’s HawkSearch to facilitate product discovery and enhance customer experience. Bridgeline Digital also announced a change in its Board of Directors, with Michael Taglich resigning and Brandon Ross being appointed as a new director. Ross brings over three decades of financial services experience, having held leadership positions at various investment firms. These developments signal Bridgeline Digital’s ongoing efforts to optimize its operations and strengthen its market position in the competitive software services industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.