Stamps.com Inc. (NASDAQ:STMP) CEO Kenneth Thomas Mcbride sold 10,437 shares of Stamps.com stock in a transaction 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 sale, the chief executive officer now owns 11,411 shares in the company, valued at $2,294,067.44. The sale was disclosed in a legal filing with the SEC, which is accessible through 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) traded up $5.90 during trading hours on Friday, hitting $203.35. 416,570 shares of the company’s stock were exchanged, compared to its average volume of 536,710. Stamps.com Inc. has a 1-year low of $100.55 and a 1-year high of $233.12. The stock has a market cap of $3,467.72, a PE ratio of 24.89, a P/E/G ratio of 1.62 and a beta of 0.07. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.12.
Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stamps.com by 47.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 793 shares of the software maker’s stock worth $149,000 after purchasing an additional 255 shares during the period. Marble Harbor Investment Counsel LLC purchased a new position in shares of Stamps.com during the 3rd quarter worth about $203,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Stamps.com during the 3rd quarter worth about $209,000. World Asset Management Inc purchased a new position in shares of Stamps.com during the 3rd quarter worth about $212,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Stamps.com by 301.5% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 1,076 shares of the software maker’s stock worth $218,000 after purchasing an additional 808 shares during the period.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Stamps.com from a “hold” rating to a “strong-buy” rating and set a $223.00 price target on the stock in a report on Thursday, March 1st. Craig Hallum reiterated a “buy” rating and issued a $215.00 price target (down from $230.00) on shares of Stamps.com in a report on Thursday, February 22nd. B. Riley lifted their price objective on shares of Stamps.com from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Roth Capital dropped their price objective on shares of Stamps.com from $235.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Finally, BidaskClub cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $243.00.
TRADEMARK VIOLATION WARNING: This news story was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/3253575/stamps-com-inc-stmp-ceo-kenneth-thomas-mcbride-sells-10437-shares.html.
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.
Receive News & Ratings for Stamps.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stamps.com and related companies with MarketBeat.com's FREE daily email newsletter.