Insider Selling: Stamps.com Inc. (STMP) Insider Sells 1,200 Shares of Stock

Stamps.com Inc. (NASDAQ:STMP) insider Amine Khechfe sold 1,200 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $167.40, for a total value of $200,880.00. Following the completion of the transaction, the insider now owns 1,442 shares of the company’s stock, valued at approximately $241,390.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Amine Khechfe also recently made the following trade(s):

  • On Wednesday, November 1st, Amine Khechfe sold 1,200 shares of Stamps.com stock. The shares were sold at an average price of $226.65, for a total value of $271,980.00.
  • On Monday, October 2nd, Amine Khechfe sold 1,200 shares of Stamps.com stock. The shares were sold at an average price of $202.90, for a total value of $243,480.00.

Shares of Stamps.com Inc. (NASDAQ:STMP) traded down $1.30 during midday trading on Friday, reaching $188.00. The company’s stock had a trading volume of 331,371 shares, compared to its average volume of 264,428. Stamps.com Inc. has a 12-month low of $100.55 and a 12-month high of $233.13. The firm has a market cap of $3,308.73, a price-to-earnings ratio of 24.64, a PEG ratio of 1.71 and a beta of -0.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.80 and a quick ratio of 2.80.

Stamps.com announced that its Board of Directors has approved a share buyback program on Thursday, November 2nd that allows the company to buyback $90.00 million in shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

A number of research firms recently weighed in on STMP. Northland Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a research report on Wednesday, November 22nd. B. Riley set a $250.00 price objective on Stamps.com and gave the stock a “buy” rating in a research report on Thursday, October 5th. ValuEngine upgraded Stamps.com from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Roth Capital raised their price objective on Stamps.com from $203.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research lowered Stamps.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Stamps.com currently has an average rating of “Buy” and a consensus price target of $217.71.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Newbrook Capital Advisors LP acquired a new stake in shares of Stamps.com during the 2nd quarter valued at about $39,979,000. Calixto Global Investors LP lifted its holdings in shares of Stamps.com by 111.5% during the 2nd quarter. Calixto Global Investors LP now owns 379,168 shares of the software maker’s stock valued at $58,724,000 after buying an additional 199,869 shares during the last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of Stamps.com during the 2nd quarter valued at about $21,793,000. DSAM Partners London Ltd acquired a new stake in shares of Stamps.com during the 2nd quarter valued at about $20,876,000. Finally, Light Street Capital Management LLC lifted its holdings in shares of Stamps.com by 55.3% during the 2nd quarter. Light Street Capital Management LLC now owns 365,000 shares of the software maker’s stock valued at $56,529,000 after buying an additional 130,000 shares during the last quarter. Hedge funds and other institutional investors own 98.63% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Stamps.com (NASDAQ:STMP)

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