Stamps.com Inc. (NASDAQ:STMP) insider Amine Khechfe sold 1,200 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $167.40, for a total value of $200,880.00. Following the completion of the sale, the insider now owns 1,442 shares of the company’s stock, valued at $241,390.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Amine Khechfe also recently made the following trade(s):

  • On Wednesday, November 1st, Amine Khechfe sold 1,200 shares of Stamps.com stock. The shares were sold at an average price of $226.65, for a total value of $271,980.00.
  • On Monday, October 2nd, Amine Khechfe sold 1,200 shares of Stamps.com stock. The shares were sold at an average price of $202.90, for a total value of $243,480.00.

Shares of Stamps.com Inc. (STMP) traded up $1.50 during trading hours on Tuesday, hitting $171.25. The stock had a trading volume of 258,341 shares, compared to its average volume of 462,906. Stamps.com Inc. has a 1 year low of $100.55 and a 1 year high of $233.13. The stock has a market capitalization of $2,928.57, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.52 and a beta of -0.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.80 and a current ratio of 2.80.

Stamps.com declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $90.00 million in shares. This repurchase authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have commented on STMP shares. Northland Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a research note on Thursday, October 12th. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “strong-buy” rating and set a $222.00 price target for the company in a research note on Tuesday, August 29th. ValuEngine cut Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. B. Riley set a $250.00 price objective on Stamps.com and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Roth Capital raised their price objective on Stamps.com from $203.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $217.71.

Large investors have recently made changes to their positions in the company. Fisher Asset Management LLC raised its stake in shares of Stamps.com by 9.6% in the third quarter. Fisher Asset Management LLC now owns 35,142 shares of the software maker’s stock worth $7,122,000 after purchasing an additional 3,064 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Stamps.com by 58.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,910 shares of the software maker’s stock worth $1,198,000 after purchasing an additional 2,190 shares during the last quarter. Airain ltd grew its holdings in Stamps.com by 63.9% during the second quarter. Airain ltd now owns 23,810 shares of the software maker’s stock worth $3,688,000 after acquiring an additional 9,280 shares during the period. Advisor Group Inc. grew its holdings in Stamps.com by 370.8% during the second quarter. Advisor Group Inc. now owns 3,079 shares of the software maker’s stock worth $476,000 after acquiring an additional 2,425 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in Stamps.com during the third quarter worth about $1,297,000. Hedge funds and other institutional investors own 98.85% of the company’s stock.

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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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