Stamps.com Inc. (NASDAQ:STMP) CTO Michael John Biswas sold 27,092 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $210.46, for a total transaction of $5,701,782.32. Following the sale, the chief technology officer now owns 4,622 shares in the company, valued at $972,746.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael John Biswas also recently made the following trade(s):

  • On Thursday, September 21st, Michael John Biswas sold 6,081 shares of Stamps.com stock. The stock was sold at an average price of $210.00, for a total transaction of $1,277,010.00.
  • On Wednesday, September 20th, Michael John Biswas sold 4,327 shares of Stamps.com stock. The stock was sold at an average price of $210.05, for a total transaction of $908,886.35.
  • On Wednesday, September 13th, Michael John Biswas sold 76,602 shares of Stamps.com stock. The stock was sold at an average price of $196.55, for a total transaction of $15,056,123.10.

Stamps.com Inc. (STMP) traded up 0.50% during mid-day trading on Friday, hitting $210.30. 298,230 shares of the stock were exchanged. The stock has a 50 day moving average price of $199.02 and a 200 day moving average price of $147.30. The company has a market capitalization of $3.56 billion, a PE ratio of 34.01 and a beta of -0.04. Stamps.com Inc. has a 1-year low of $88.30 and a 1-year high of $220.25.

Stamps.com (NASDAQ:STMP) last issued its earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.36. Stamps.com had a return on equity of 34.46% and a net margin of 26.66%. The company had revenue of $116.14 million for the quarter, compared to analyst estimates of $99.29 million. During the same period in the prior year, the firm earned $1.94 earnings per share. Stamps.com’s revenue for the quarter was up 38.2% on a year-over-year basis. On average, equities analysts anticipate that Stamps.com Inc. will post $8.05 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC raised its position in shares of Stamps.com by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock worth $103,000 after purchasing an additional 266 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Stamps.com during the first quarter worth approximately $104,000. LS Investment Advisors LLC raised its position in shares of Stamps.com by 83.1% during the first quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock worth $129,000 after purchasing an additional 496 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Stamps.com by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock worth $137,000 after purchasing an additional 92 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Stamps.com during the first quarter worth approximately $160,000.

Several analysts have commented on the stock. Northland Securities restated a “buy” rating and set a $200.00 target price on shares of Stamps.com in a report on Thursday, September 14th. ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 target price on the stock in a report on Tuesday, August 29th. Craig Hallum set a $230.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, B. Riley set a $250.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a report on Friday, August 25th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $204.57.

Stamps.com Company Profile

Stamps.com Inc is a provider of Internet-based mailing and shipping solutions in the United States. The Company offers mailing and shipping products and services to its customers under the Stamps.com, Endicia, ShipStation, ShipWorks and ShippingEasy brands. It operates through the Internet Mailing and Shipping Services segment.

Insider Buying and Selling by Quarter for Stamps.com (NASDAQ:STMP)

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