On October 2, 2024, Sean Kiewiet, the Chief Strategy Officer of Priority Technology Holdings Inc (PRTH, Financial), sold 3,853 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 1,069,641 shares of Priority Technology Holdings Inc.
Priority Technology Holdings Inc operates as a payment technology company offering advanced solutions in payment processing, digital payment infrastructure, and payment intelligence. The company's services cater to commercial and consumer transaction processing needs.
Over the past year, Sean Kiewiet has engaged in multiple transactions involving the company's stock, selling a total of 342,212 shares and purchasing none. This recent sale is part of a broader trend observed within the company, where insider activity has predominantly leaned towards selling rather than buying. In the past year, there have been 30 insider sells and only 2 insider buys at Priority Technology Holdings Inc.
Shares of Priority Technology Holdings Inc were priced at $6 on the day of the sale, giving the company a market cap of $464.064 million. According to the GF Value, the intrinsic value estimate for the stock is $5.52, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.09.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's valuation and market positioning.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
