Technology

Omniture Finds Two Friends: More Money & Cramer (OMTR, AQNT)

Omniture (OMTR-NASDAQ) was up on its own after expanding a securities offering to 8.5 million shares and pricing at $18.15 per share.  The company sold the shares through Morgan Stanley and Credit Suisse as joint book-runners, and JMP Securities, Deutsche Bank, and Montgomery & Co. were co-managers.

This stock was actually higher going into the offering, but they got a new friend today: Jim Cramer.  It doesn’t even really matter what was said in his video after this because he called it the next aQuantive (AQNT).  If that isn’t enough to get a stock going in today’s age then very little else is.

Shares of Omniture (OMTR) are up 6% to $19.25 on 8-times normal volume.  Omniture is an online business optimization company whose platforms include SiteCatalyst and DataWarehouse.

Jon C. Ogg
June 13, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.