Stamps.com Inc. (NASDAQ:STMP) insider Amine Khechfe sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $226.65, for a total value of $271,980.00. Following the completion of the transaction, the insider now owns 1,442 shares in the company, valued at approximately $326,829.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Amine Khechfe also recently made the following trade(s):
- On Monday, October 2nd, Amine Khechfe sold 1,200 shares of Stamps.com stock. The stock was sold at an average price of $202.90, for a total value of $243,480.00.
- On Friday, September 1st, Amine Khechfe sold 1,200 shares of Stamps.com stock. The stock was sold at an average price of $191.25, for a total value of $229,500.00.
Stamps.com Inc. (NASDAQ:STMP) opened at $171.25 on Monday. Stamps.com Inc. has a twelve month low of $94.93 and a twelve month high of $233.12. The company has a current ratio of 1.25, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2,895.67, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 1.85 and a beta of 0.08.
Stamps.com declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 2nd that authorizes the company to buyback $90.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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A number of hedge funds have recently made changes to their positions in STMP. BlackRock Inc. grew its holdings in Stamps.com by 143,777.2% during the first quarter. BlackRock Inc. now owns 1,880,475 shares of the software maker’s stock valued at $222,554,000 after purchasing an additional 1,879,168 shares during the last quarter. Newbrook Capital Advisors LP acquired a new position in Stamps.com during the second quarter valued at approximately $39,979,000. Calixto Global Investors LP grew its holdings in Stamps.com by 111.5% during the second quarter. Calixto Global Investors LP now owns 379,168 shares of the software maker’s stock valued at $58,724,000 after purchasing an additional 199,869 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in Stamps.com during the second quarter valued at approximately $21,793,000. Finally, DSAM Partners London Ltd acquired a new position in Stamps.com during the second quarter valued at approximately $20,876,000.
A number of equities analysts recently commented on STMP shares. Northland Securities restated a “buy” rating and issued a $200.00 price objective on shares of Stamps.com in a report on Thursday, September 14th. ValuEngine upgraded Stamps.com from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Craig Hallum set a $230.00 price objective on Stamps.com and gave the stock a “buy” rating in a report on Friday, August 25th. B. Riley set a $250.00 price objective on Stamps.com and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Roth Capital increased their price objective on Stamps.com from $166.00 to $203.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Stamps.com currently has a consensus rating of “Buy” and an average target price of $217.71.
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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