Green Dot Co. (GDOT) CFO Sells $363,740.00 in Stock

Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $55.96, for a total value of $363,740.00. Following the completion of the transaction, the chief financial officer now directly owns 713,333 shares of the company’s stock, valued at $39,918,114.68. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Green Dot Co. (GDOT) traded up $1.25 during trading on Wednesday, reaching $60.46. The company’s stock had a trading volume of 388,687 shares, compared to its average volume of 297,278. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3,070.00, a P/E ratio of 43.81 and a beta of 0.87. Green Dot Co. has a one year low of $26.21 and a one year high of $65.88.

Several research firms recently weighed in on GDOT. Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. William Blair reaffirmed an “outperform” rating on shares of Green Dot in a research note on Monday. Citigroup raised Green Dot from a “neutral” rating to a “buy” rating and raised their price objective for the company from $66.00 to $68.00 in a research note on Tuesday. Cowen reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Green Dot in a research note on Friday, November 10th. Finally, Morgan Stanley set a $60.00 price objective on Green Dot and gave the company a “hold” rating in a research note on Monday, November 20th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Green Dot currently has an average rating of “Buy” and a consensus target price of $55.69.

Institutional investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC increased its position in Green Dot by 70.4% during the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after buying an additional 1,082 shares in the last quarter. Globeflex Capital L P purchased a new position in Green Dot during the fourth quarter worth $185,000. Ameritas Investment Partners Inc. increased its position in Green Dot by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares in the last quarter. Shelton Capital Management purchased a new position in Green Dot during the third quarter worth $210,000. Finally, Brown Advisory Inc. purchased a new position in Green Dot during the third quarter worth $229,000. 78.53% of the stock is owned by institutional investors.

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Green Dot Company Profile

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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