Locafy (NASDAQ:LCFY) Trading Down 1.3% – Here’s What Happened

Locafy Limited (NASDAQ:LCFY)’s share price fell 1.3% on Monday . The stock traded as low as $3.88 and last traded at $3.89. 4,519 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 15,949 shares. The stock had previously closed at $3.94.

Locafy Stock Down 1.3%

The company has a market cap of $7.00 million, a PE ratio of -3.74 and a beta of 1.61. The stock has a 50-day simple moving average of $4.14 and a 200 day simple moving average of $3.91.

Insider Buying and Selling at Locafy

In other Locafy news, COO Jason Dale Jackson acquired 9,285 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was purchased at an average cost of $4.20 per share, with a total value of $38,997.00. Following the transaction, the chief operating officer owned 11,050 shares of the company’s stock, valued at $46,410. This trade represents a 526.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 28.70% of the company’s stock.

About Locafy

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.