Stamps.com Inc. (NASDAQ:STMP) CEO Kenneth Thomas Mcbride sold 10,437 shares of Stamps.com stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $201.04, for a total transaction of $2,098,254.48. Following the completion of the transaction, the chief executive officer now owns 11,411 shares of the company’s stock, valued at approximately $2,294,067.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Kenneth Thomas Mcbride also recently made the following trade(s):
- On Monday, December 18th, Kenneth Thomas Mcbride sold 8,115 shares of Stamps.com stock. The shares were sold at an average price of $182.46, for a total transaction of $1,480,662.90.
Shares of Stamps.com Inc. (NASDAQ STMP) opened at $203.35 on Monday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3,570.00, a P/E ratio of 22.93, a P/E/G ratio of 1.67 and a beta of 0.07. Stamps.com Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $233.12.
A number of research analysts have recently issued reports on STMP shares. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $223.00 target price for the company in a research note on Thursday, March 1st. ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. B. Riley reiterated a “buy” rating and issued a $250.00 target price on shares of Stamps.com in a research note on Friday, December 1st. BidaskClub upgraded shares of Stamps.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 30th. Finally, Craig Hallum reiterated a “buy” rating and issued a $215.00 target price (down previously from $230.00) on shares of Stamps.com in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $243.00.
Several institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Stamps.com in the fourth quarter valued at approximately $252,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Stamps.com in the fourth quarter valued at approximately $277,000. Ashford Capital Management Inc. increased its holdings in shares of Stamps.com by 20.5% in the fourth quarter. Ashford Capital Management Inc. now owns 74,355 shares of the software maker’s stock valued at $13,979,000 after purchasing an additional 12,650 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in shares of Stamps.com in the fourth quarter valued at approximately $696,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Stamps.com in the fourth quarter valued at approximately $1,371,000.
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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.
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