King Luther Capital Management Corp trimmed its stake in shares of Stamps.com Inc. (NASDAQ:STMP) by 32.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,843 shares of the software maker’s stock after selling 13,242 shares during the period. King Luther Capital Management Corp owned 0.15% of Stamps.com worth $6,298,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. grew its stake in shares of Stamps.com by 100.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 518 shares of the software maker’s stock worth $125,000 after buying an additional 259 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Stamps.com by 6,925.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 562 shares of the software maker’s stock worth $127,000 after buying an additional 554 shares in the last quarter. Cerebellum GP LLC purchased a new position in shares of Stamps.com in the 3rd quarter worth $156,000. Quantbot Technologies LP purchased a new position in shares of Stamps.com in the 3rd quarter worth $167,000. Finally, BRYN MAWR TRUST Co purchased a new position in shares of Stamps.com during the 2nd quarter worth about $202,000. 93.73% of the stock is owned by institutional investors.
In related news, CMO Sebastian Buerba sold 2,501 shares of Stamps.com stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $222.49, for a total transaction of $556,447.49. Following the completion of the sale, the chief marketing officer now owns 720 shares in the company, valued at approximately $160,192.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Amine Khechfe sold 1,200 shares of Stamps.com stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $186.24, for a total transaction of $223,488.00. Following the sale, the insider now owns 1,541 shares of the company’s stock, valued at approximately $286,995.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,901 shares of company stock valued at $1,051,927. 6.17% of the stock is owned by corporate insiders.
A number of research firms recently commented on STMP. ValuEngine raised shares of Stamps.com from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. BidaskClub cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. B. Riley set a $300.00 price target on shares of Stamps.com and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Maxim Group set a $320.00 price target on shares of Stamps.com and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, Craig Hallum dropped their price target on shares of Stamps.com from $300.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $246.86.
STMP stock opened at $171.71 on Friday. Stamps.com Inc. has a 12 month low of $145.78 and a 12 month high of $285.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $3.20 billion, a P/E ratio of 16.01, a PEG ratio of 1.20 and a beta of 0.20.
Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Wednesday, October 31st. The software maker reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.38. Stamps.com had a net margin of 30.26% and a return on equity of 35.93%. The firm had revenue of $143.51 million during the quarter, compared to analysts’ expectations of $135.00 million. During the same period in the previous year, the company earned $2.68 EPS. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, research analysts expect that Stamps.com Inc. will post 9.79 earnings per share for the current year.
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Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.
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