Open Text (OTEX) has notable insider selling

Open Text (T:OTEX)

Mark James Barrenechea, CEO and Director, disposed 98,000 Common Shares OTEX Common on a direct ownership basis at a price of $34.675USD through the public market on May 31st, 2018. This represents a $4,399,963 divestment of the company's shares and an account share holdings change of -13.4%.

Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics. Its software and services allow organizations to manage the information that flows into, out of, and throughout the enterprise as part of daily operations. Its solutions incorporate collaborative and mobile technologies and are delivered for on-premises deployment, as well as through cloud, hybrid and managed hosted services models. In addition, the Company provides solutions that facilitate the exchange of information and transactions that occur between supply chain participants.