Stamps.com Inc. (STMP) Insider Amine Khechfe Sells 1,200 Shares
Stamps.com Inc. (NASDAQ:STMP) insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $226.65, for a total transaction of $271,980.00. Following the completion of the transaction, the insider now owns 1,442 shares of the company’s stock, valued at $326,829.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Amine Khechfe also recently made the following trade(s):
- On Monday, October 2nd, Amine Khechfe sold 1,200 shares of Stamps.com stock. The stock was sold at an average price of $202.90, for a total transaction of $243,480.00.
- On Friday, September 1st, Amine Khechfe sold 1,200 shares of Stamps.com stock. The stock was sold at an average price of $191.25, for a total transaction of $229,500.00.
Shares of Stamps.com Inc. (NASDAQ STMP) traded down $55.10 during mid-day trading on Friday, hitting $171.25. 2,593,352 shares of the stock were exchanged, compared to its average volume of 349,068. The stock has a market capitalization of $3,741.11, a P/E ratio of 27.86 and a beta of 0.08.
Stamps.com (NASDAQ:STMP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.36. Stamps.com had a net margin of 31.54% and a return on equity of 37.18%. The firm had revenue of $116.14 million during the quarter, compared to the consensus estimate of $99.29 million. During the same quarter in the previous year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year. sell-side analysts forecast that Stamps.com Inc. will post 6.17 EPS for the current year.
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A number of research firms have commented on STMP. Roth Capital lifted their target price on shares of Stamps.com from $166.00 to $203.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Craig Hallum set a $230.00 target price on shares of Stamps.com and gave the stock a “buy” rating in a research report on Friday, August 25th. Northland Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of Stamps.com in a research report on Thursday, September 14th. Zacks Investment Research downgraded shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, B. Riley reaffirmed a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $217.71.
A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its holdings in Stamps.com by 85.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,230 shares of the software maker’s stock worth $1,870,000 after buying an additional 4,266 shares during the period. Jennison Associates LLC bought a new position in Stamps.com in the 3rd quarter worth $782,000. Cim LLC bought a new position in Stamps.com in the 3rd quarter worth $527,000. Bessemer Group Inc. bought a new position in Stamps.com in the 3rd quarter worth $1,297,000. Finally, World Asset Management Inc bought a new position in Stamps.com in the 3rd quarter worth $212,000.
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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