Locafy (NASDAQ:LCFY) Stock Price Down 2.7% – Here’s What Happened

Locafy Limited (NASDAQ:LCFY)’s stock price traded down 2.7% during trading on Thursday . The company traded as low as $3.95 and last traded at $3.97. 14,227 shares traded hands during trading, an increase of 11% from the average session volume of 12,804 shares. The stock had previously closed at $4.08.

Locafy Trading Down 2.7%

The stock has a market capitalization of $7.15 million, a price-to-earnings ratio of -3.82 and a beta of 1.66. The stock has a 50-day moving average price of $4.39 and a 200 day moving average price of $3.90.

Insider Activity at Locafy

In other Locafy news, COO Jason Dale Jackson bought 9,285 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were purchased at an average cost of $4.20 per share, for a total transaction of $38,997.00. Following the transaction, the chief operating officer directly owned 11,050 shares of the company’s stock, valued at approximately $46,410. The trade was a 526.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 28.70% of the stock is owned by company insiders.

Locafy Company Profile

Locafy (NASDAQ:LCFY) is a technology company that offers a cloud-based software platform designed to streamline and automate local search marketing for multi-location businesses. Through its SaaS solution, Locafy enables brands to create, manage and optimize location-specific web pages and digital assets at scale, ensuring consistent and accurate information across search engines and online directories.

The Locafy platform leverages machine learning and automation to generate on-page SEO content, manage business listings and track local search performance.