Stamps.com Inc. (NASDAQ:STMP) insider Amine Khechfe sold 6,052 shares of Stamps.com stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $250.00, for a total value of $1,513,000.00. Following the completion of the transaction, the insider now directly owns 6,718 shares of the company’s stock, valued at $1,679,500. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Amine Khechfe also recently made the following trade(s):

  • On Friday, July 17th, Amine Khechfe sold 8,000 shares of Stamps.com stock. The shares were sold at an average price of $220.00, for a total value of $1,760,000.00.
  • On Thursday, July 2nd, Amine Khechfe sold 10,000 shares of Stamps.com stock. The stock was sold at an average price of $200.00, for a total value of $2,000,000.00.

NASDAQ STMP opened at $260.28 on Friday. The firm has a market capitalization of $4.40 billion, a P/E ratio of 77.70 and a beta of 0.30. The business has a fifty day simple moving average of $198.76 and a 200 day simple moving average of $150.89. Stamps.com Inc. has a 12 month low of $44.03 and a 12 month high of $261.55. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.33. The business had revenue of $151.35 million during the quarter, compared to analyst estimates of $132.43 million. Stamps.com had a return on equity of 10.26% and a net margin of 10.21%. Stamps.com’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. As a group, sell-side analysts predict that Stamps.com Inc. will post 4.26 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd purchased a new stake in Stamps.com in the 1st quarter valued at $45,000. GQ Asset Management LLC purchased a new stake in Stamps.com in the 1st quarter valued at $48,000. Nisa Investment Advisors LLC raised its position in Stamps.com by 222.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 435 shares of the software maker’s stock valued at $57,000 after buying an additional 300 shares during the last quarter. Meeder Asset Management Inc. raised its position in Stamps.com by 3,494.7% in the 1st quarter. Meeder Asset Management Inc. now owns 683 shares of the software maker’s stock valued at $89,000 after buying an additional 664 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in Stamps.com by 23.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 714 shares of the software maker’s stock valued at $93,000 after buying an additional 134 shares during the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on STMP shares. Craig Hallum increased their target price on Stamps.com from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Northland Securities reiterated a “buy” rating and issued a $220.00 target price on shares of Stamps.com in a report on Thursday, May 28th. Finally, BidaskClub upgraded Stamps.com from a “hold” rating to a “buy” rating in a report on Saturday, July 11th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $149.00.

Stamps.com Company Profile

Stamps.com Inc provides Internet-based mailing and shipping solutions in the United States and Europe. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands. Its solutions support various USPS mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, Parcel Select, and others.

Further Reading: Coverage Ratio

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

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