Stamps.com Inc. (NASDAQ:STMP) CEO Kenneth Thomas Mcbride sold 8,115 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $182.46, for a total transaction of $1,480,662.90. Following the completion of the sale, the chief executive officer now directly owns 9,981 shares of the company’s stock, valued at approximately $1,821,133.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kenneth Thomas Mcbride also recently made the following trade(s):

  • On Tuesday, November 28th, Kenneth Thomas Mcbride sold 142,133 shares of Stamps.com stock. The stock was sold at an average price of $180.02, for a total transaction of $25,586,782.66.

Shares of Stamps.com Inc. (NASDAQ:STMP) traded up $0.40 during midday trading on Wednesday, reaching $184.45. 203,054 shares of the company’s stock were exchanged, compared to its average volume of 456,007. Stamps.com Inc. has a 52 week low of $100.55 and a 52 week high of $233.13. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3,220.00, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 1.66 and a beta of -0.06.

Stamps.com announced that its board has initiated a stock buyback program on Thursday, November 2nd that authorizes the company to buyback $90.00 million in outstanding shares. This buyback authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Several equities research analysts recently weighed in on the stock. Craig Hallum set a $230.00 price objective on shares of Stamps.com and gave the stock a “buy” rating in a report on Friday, August 25th. Northland Securities reissued a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a report on Wednesday, November 22nd. B. Riley set a $250.00 price target on shares of Stamps.com and gave the company a “buy” rating in a report on Thursday, October 5th. ValuEngine raised shares of Stamps.com from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Roth Capital upped their price target on shares of Stamps.com from $203.00 to $245.00 and gave the company a “buy” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Stamps.com presently has an average rating of “Buy” and a consensus price target of $217.71.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC raised its holdings in Stamps.com by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock worth $103,000 after buying an additional 266 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Stamps.com by 11.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock worth $137,000 after buying an additional 92 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Stamps.com by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,038 shares of the software maker’s stock valued at $161,000 after purchasing an additional 156 shares during the period. Bank of Montreal Can increased its holdings in shares of Stamps.com by 1.6% in the 2nd quarter. Bank of Montreal Can now owns 1,074 shares of the software maker’s stock valued at $167,000 after purchasing an additional 17 shares during the period. Finally, Turner Investments LLC acquired a new position in shares of Stamps.com in the 2nd quarter valued at about $194,000. Hedge funds and other institutional investors own 98.63% of the company’s stock.

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Stamps.com Company Profile

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.

Insider Buying and Selling by Quarter for Stamps.com (NASDAQ:STMP)

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