Public market insider buying at Open Text (T:OTEX)

Michael Slaunwhite, a Director, acquired 30,000 Common Shares OTEX Common on an indirect ownership basis for registered holder Slaunwhite Family Trust at a price of $39.295 on December 15th, 2022. This represents a $1,178,844 investment into the company's shares and an account share holdings change of 6.3%.

Open Text is in the Software Sub Industry Group under the Technology Sector.

OpenText Corporation is a Canada-based information management company that provides software and services. The Company offers an integrated portfolio of Information Management solutions delivered at scale in the OpenText Cloud, enabling organizations to optimize their digital supply chains. Its Content Services solutions range from content collaboration and intelligent capture to records management, collaboration, e-signatures and archiving, and are available off-cloud, on a cloud provider of the customer's choice, as a subscription in the OpenText Cloud, in a hybrid environment or as a managed service. Its Content Services solutions enable customers to capture data from paper, electronic files and other sources and transform it into digital content delivered directly into content management solutions and business processes. It provides services to various industries such as Legal, Automotive, Banking, Healthcare, Life sciences, Public sector, and Oil and Gas. Open Text Corporation (OTEX) has a high amount of executive buying compared to its large-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $1,178,844.