Stamps.com Inc. (STMP) Insider Sells $701,800.00 in Stock

Stamps.com Inc. (STMP) Insider Sells $701,800.00 in Stock

Seth Weisberg also recently made the following trade(s):

Stamps.com Inc. (NASDAQ:STMP) insider Seth Weisberg sold 5,000 shares of Stamps.com stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $140.36, for a total value of $701,800.00. Following the sale, the insider now owns 23,072 shares in the company, valued at $3,238,385.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Stamps.com (NASDAQ:STMP) last released its quarterly earnings data on Wednesday, May 3rd. The software maker reported $1.20 EPS for the quarter, topping the consensus estimate of $1.04 by $0.16. The company had revenue of $105.04 million for the quarter, compared to the consensus estimate of $94.40 million. Stamps.com had a return on equity of 30.57% and a net margin of 14.05%.

Several equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating and set a $210.00 price target on shares of Stamps.com in a research report on Sunday, February 26th. Singular Research restated a “buy” rating and set a $145.00 price target (up from $134.00) on shares of Stamps.com in a research report on Monday, February 27th. Zacks Investment Research upgraded Stamps.com from a “hold” rating to a “strong-buy” rating and set a $119.00 price target on the stock in a research report on Wednesday, May 10th. ValuEngine lowered Stamps.com from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Finally, Roth Capital set a $156.00 price target on Stamps.com and gave the company a “buy” rating in a research report on Friday, February 17th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $159.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in Stamps.com during the first quarter valued at approximately $104,000. TrimTabs Asset Management LLC increased its position in Stamps.com by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,071 shares of the software maker’s stock valued at $127,000 after buying an additional 504 shares during the last quarter. LS Investment Advisors LLC increased its position in Stamps.com by 83.1% in the first quarter. LS Investment Advisors LLC now owns 1,093 shares of the software maker’s stock valued at $129,000 after buying an additional 496 shares during the last quarter. Mosaic Family Wealth LLC purchased a new position in Stamps.com during the third quarter valued at approximately $132,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Stamps.com by 13.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,287 shares of the software maker’s stock valued at $152,000 after buying an additional 154 shares during the last quarter.

About Stamps.com

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:STMP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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