Amine Khechfe Sells 1,200 Shares of Stamps.com Inc. (STMP) Stock

Stamps.com Inc. (NASDAQ:STMP) insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $188.25, for a total transaction of $225,900.00. Following the completion of the sale, the insider now directly owns 1,442 shares in the company, valued at $271,456.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, December 1st, Amine Khechfe sold 1,200 shares of Stamps.com stock. The shares were sold at an average price of $167.40, for a total transaction of $200,880.00.
  • 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 transaction of $271,980.00.

Shares of Stamps.com Inc. (NASDAQ STMP) traded down $2.15 on Thursday, reaching $186.80. 376,073 shares of the company traded hands, compared to its average volume of 286,033. Stamps.com Inc. has a 1 year low of $100.55 and a 1 year high of $233.13. The stock has a market cap of $3,270.00, a P/E ratio of 24.45, a P/E/G ratio of 2.09 and a beta of -0.07. 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 announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 2nd that allows the company to buyback $90.00 million in outstanding shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can increased its stake in Stamps.com by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock worth $167,000 after buying an additional 17 shares during the period. Pinebridge Investments L.P. increased its stake in Stamps.com by 1.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,076 shares of the software maker’s stock worth $322,000 after buying an additional 32 shares during the period. Amalgamated Bank increased its stake in Stamps.com by 3.4% during the 2nd quarter. Amalgamated Bank now owns 2,211 shares of the software maker’s stock worth $342,000 after buying an additional 72 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stamps.com by 11.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock worth $137,000 after buying an additional 92 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Stamps.com by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,038 shares of the software maker’s stock worth $161,000 after buying an additional 156 shares during the period. 98.63% of the stock is currently owned by hedge funds and other institutional investors.

STMP has been the topic of a number of research analyst reports. Northland Securities reissued a “buy” rating and issued a $200.00 price target on shares of Stamps.com in a research note on Thursday, September 14th. ValuEngine downgraded shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. B. Riley set a $250.00 price target on shares of Stamps.com and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Roth Capital boosted their price target on shares of Stamps.com from $203.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $217.71.

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Stamps.com Company Profile

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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