Insider Selling: Verb Technology (NASDAQ:TONX) CFO Sells $72,955.40 in Stock

Verb Technology Company, Inc. (NASDAQ:TONX) CFO Sarah Josephine Olsen sold 25,420 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $2.87, for a total transaction of $72,955.40. Following the completion of the sale, the chief financial officer owned 1,285,070 shares of the company’s stock, valued at approximately $3,688,150.90. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Verb Technology Price Performance

Shares of Verb Technology stock traded up $0.04 during trading hours on Wednesday, hitting $2.90. 165,246 shares of the company’s stock traded hands, compared to its average volume of 399,264. Verb Technology Company, Inc. has a 12-month low of $1.75 and a 12-month high of $4.44. The stock has a market capitalization of $159.70 million, a PE ratio of -2.79 and a beta of 0.67. The stock’s fifty day moving average is $3.26.

Analyst Ratings Changes

TONX has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Verb Technology in a report on Friday, October 2nd. Wall Street Zen raised Verb Technology from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Verb Technology Company Profile

Verb Technology Company, Inc developed interactive, video-based sales and marketing software designed to help businesses engage customers and manage digital commerce activities. Its technology included sales-enablement and customer relationship management tools, as well as video presentation and livestreaming capabilities.

The company’s best-known platform was MARKET.live, a livestream social-shopping marketplace that connected brands, retailers, creators and consumers. The platform was designed to support product demonstrations, interactive broadcasts and purchases across digital and social-commerce channels.