Insider Selling: Graham N. Arad Sells 26,814 Shares of Planet Payment Stock (PLPM)
Planet Payment (NASDAQ:PLPM) SVP Graham N. Arad unloaded 26,814 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $2.98, for a total transaction of $79,905.72. Following the completion of the sale, the senior vice president now directly owns 881,759 shares in the company, valued at approximately $2,627,642. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Planet Payment (NASDAQ:PLPM) traded up 1.01% during mid-day trading on Monday, hitting $3.00. The stock had a trading volume of 173,823 shares. Planet Payment has a 52 week low of $1.97 and a 52 week high of $4.03. The stock’s 50-day moving average is $2.54 and its 200-day moving average is $2.84. The company’s market cap is $160.3 million.
Planet Payment (NASDAQ:PLPM) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.01) earnings per share for the quarter. Analysts expect that Planet Payment will post $0.06 EPS for the current fiscal year.
A number of research firms have recently commented on PLPM. Analysts at TheStreet downgraded shares of Planet Payment from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Analysts at Zacks upgraded shares of Planet Payment from an “underperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $2.20 price target on the stock.
Planet Group, Inc, also known as Planet Payment, is a United States-based company that provides currency conversion and multi-currency processing services.
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