On November 4, 2024, Sean Kiewiet, Chief Strategy Officer of Priority Technology Holdings Inc (PRTH, Financial), executed a sale of 10,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this transaction, the insider now owns 1,055,158 shares of Priority Technology Holdings Inc.
Priority Technology Holdings Inc operates as a provider of merchant acquiring and commercial payment solutions. The company offers a platform for merchants, banks, and distribution partners to grow their businesses through payment processing.
Over the past year, the insider has sold a total of 343,982 shares and has not made any purchases. This recent sale is part of a broader trend observed within the company, where there have been 30 insider sells and only 2 insider buys over the past year.
Shares of Priority Technology Holdings Inc were trading at $5.19 on the day of the sale. The company has a market cap of approximately $432.565 million. According to the GF Value, the stock is currently Fairly Valued, with a price-to-GF-Value ratio of 0.93.
The GF Value of $5.60 is derived from historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might provide investors with insights into the insider's perspective on the stock's valuation and future prospects. However, investors should also consider broader market conditions and additional data when making investment decisions.
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.
