Stamps.com Inc. (STMP) Insider John Roland Clem Sells 3,200 Shares of Stock
Stamps.com Inc. (NASDAQ:STMP) insider John Roland Clem sold 3,200 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $210.00, for a total value of $672,000.00. Following the transaction, the insider now owns 6,410 shares in the company, valued at approximately $1,346,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
John Roland Clem also recently made the following trade(s):
- On Wednesday, September 20th, John Roland Clem sold 2,500 shares of Stamps.com stock. The stock was sold at an average price of $210.04, for a total value of $525,100.00.
- On Friday, September 22nd, John Roland Clem sold 10,000 shares of Stamps.com stock. The stock was sold at an average price of $210.19, for a total value of $2,101,900.00.
Shares of Stamps.com Inc. (NASDAQ STMP) traded up 0.50% during mid-day trading on Friday, reaching $210.30. The company had a trading volume of 298,230 shares. Stamps.com Inc. has a 52-week low of $88.30 and a 52-week high of $220.25. The company has a market capitalization of $3.56 billion, a PE ratio of 34.01 and a beta of -0.04. The company’s 50-day moving average price is $199.02 and its 200-day moving average price is $147.30.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.36. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The company had revenue of $116.14 million during the quarter, compared to analysts’ expectations of $99.29 million. During the same period in the prior year, the company earned $1.94 earnings per share. The business’s quarterly revenue was up 38.2% compared to the same quarter last year. On average, analysts forecast that Stamps.com Inc. will post $8.05 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its stake in shares of Stamps.com by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock valued at $103,000 after buying an additional 266 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Stamps.com in the first quarter valued at about $104,000. LS Investment Advisors LLC lifted its stake in shares of Stamps.com by 83.1% in the first quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock valued at $129,000 after buying an additional 496 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Stamps.com by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock valued at $137,000 after buying an additional 92 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Stamps.com in the first quarter valued at about $160,000.
A number of research analysts have commented on STMP shares. B. Riley restated a “buy” rating and set a $210.00 price objective on shares of Stamps.com in a research note on Sunday, May 28th. Roth Capital restated a “buy” rating and set a $166.00 price objective on shares of Stamps.com in a research note on Wednesday, May 31st. Zacks Investment Research cut Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. ValuEngine upgraded Stamps.com from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Sidoti restated a “buy” rating and set a $182.00 price objective on shares of Stamps.com in a research note on Thursday, July 6th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Stamps.com currently has a consensus rating of “Buy” and a consensus price target of $204.57.
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.
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