Stamps.com Inc. (NASDAQ:STMP) CTO Michael John Biswas sold 6,081 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $210.00, for a total transaction of $1,277,010.00. Following the completion of the sale, the chief technology officer now owns 4,622 shares in the company, valued at approximately $970,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, September 22nd, Michael John Biswas sold 27,092 shares of Stamps.com stock. The stock was sold at an average price of $210.46, for a total transaction of $5,701,782.32.
  • 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) opened at 210.30 on Monday. The firm has a 50-day moving average of $199.02 and a 200 day moving average of $147.30. Stamps.com Inc. has a 52-week low of $89.26 and a 52-week high of $220.25. The company has a market capitalization of $3.56 billion, a P/E ratio of 34.01 and a beta of -0.04.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 EPS for the quarter, beating the consensus estimate of $1.33 by $0.36. The business had revenue of $116.14 million for the quarter, compared to the consensus estimate of $99.29 million. Stamps.com had a net margin of 26.66% and a return on equity of 34.46%. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. Equities analysts predict that Stamps.com Inc. will post $8.05 earnings per share for the current fiscal year.

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STMP has been the topic of several research reports. Roth Capital restated a “buy” rating and issued a $166.00 target price on shares of Stamps.com in a report on Wednesday, May 31st. 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. ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Craig Hallum restated a “buy” rating and issued a $210.00 target price (up previously from $170.00) on shares of Stamps.com in a report on Thursday, August 3rd. 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $204.57.

Several hedge funds have recently added to or reduced their stakes in the company. USA Financial Portformulas Corp purchased a new stake in shares of Stamps.com in the 2nd quarter valued at $534,000. Ashford Capital Management Inc. boosted its holdings in shares of Stamps.com by 37.7% in the 2nd quarter. Ashford Capital Management Inc. now owns 104,155 shares of the software maker’s stock valued at $16,131,000 after acquiring an additional 28,530 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Stamps.com in the 2nd quarter valued at $607,000. Piedmont Investment Advisors LLC boosted its holdings in shares of Stamps.com by 12.1% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 14,047 shares of the software maker’s stock valued at $2,176,000 after acquiring an additional 1,511 shares during the last quarter. Finally, Newbrook Capital Advisors LP purchased a new stake in shares of Stamps.com in the 2nd quarter valued at $39,979,000.

About Stamps.com

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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