BlueMountain Capital Management LLC decreased its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,338 shares of the software maker’s stock after selling 674 shares during the period. BlueMountain Capital Management LLC owned approximately 0.08% of Stamps.com worth $3,881,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC bought a new position in Stamps.com in the first quarter valued at $105,000. Sei Investments Co. grew its position in Stamps.com by 196.5% in the first quarter. Sei Investments Co. now owns 590 shares of the software maker’s stock valued at $119,000 after purchasing an additional 391 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Stamps.com in the first quarter valued at $123,000. NewSquare Capital LLC bought a new position in Stamps.com in the second quarter valued at $185,000. Finally, Meridian Wealth Management LLC bought a new position in Stamps.com in the first quarter valued at $201,000. 92.86% of the stock is owned by institutional investors.

Shares of STMP stock opened at $243.00 on Friday. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.85 and a beta of -0.02. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.09. Stamps.com Inc. has a one year low of $160.00 and a one year high of $285.74.

Stamps.com (NASDAQ:STMP) last announced its quarterly earnings results on Wednesday, August 1st. The software maker reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.58. The firm had revenue of $139.63 million during the quarter, compared to analysts’ expectations of $133.49 million. Stamps.com had a net margin of 34.37% and a return on equity of 39.85%. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.08 earnings per share. equities research analysts predict that Stamps.com Inc. will post 9.07 earnings per share for the current fiscal year.

STMP has been the subject of a number of analyst reports. Maxim Group set a $320.00 target price on shares of Stamps.com and gave the company a “buy” rating in a research report on Thursday, August 2nd. BidaskClub cut shares of Stamps.com from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Roth Capital increased their price target on shares of Stamps.com from $255.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Singular Research reiterated a “buy” rating and issued a $93.00 price target on shares of Stamps.com in a research note on Tuesday, June 19th. Finally, ValuEngine upgraded shares of Stamps.com from a “hold” rating to a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $252.00.

In other news, insider John Roland Clem sold 3,830 shares of the firm’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $281.13, for a total transaction of $1,076,727.90. Following the completion of the sale, the insider now owns 9,367 shares in the company, valued at approximately $2,633,344.71. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Amine Khechfe sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $248.15, for a total transaction of $297,780.00. Following the sale, the insider now owns 1,541 shares of the company’s stock, valued at approximately $382,399.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,306 shares of company stock valued at $16,133,985. Corporate insiders own 6.17% of the company’s stock.

Stamps.com Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

Further Reading: Risk Tolerance

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Institutional Ownership by Quarter for Stamps.com (NASDAQ:STMP)

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