Stamps.com Inc. (NASDAQ:STMP) CTO Jonathan Bourgoine sold 36,249 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $250.00, for a total value of $9,062,250.00. Following the completion of the sale, the chief technology officer now directly owns 36,249 shares of the company’s stock, valued at $9,062,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan Bourgoine also recently made the following trade(s):

  • On Monday, July 6th, Jonathan Bourgoine sold 1,813 shares of Stamps.com stock. The shares were sold at an average price of $195.59, for a total value of $354,604.67.
  • On Wednesday, June 3rd, Jonathan Bourgoine sold 21,450 shares of Stamps.com stock. The shares were sold at an average price of $186.21, for a total value of $3,994,204.50.

NASDAQ:STMP opened at $260.28 on Friday. The firm has a market capitalization of $4.45 billion, a PE ratio of 77.70 and a beta of 0.30. The stock has a 50 day moving average of $198.76 and a 200-day moving average of $150.89. Stamps.com Inc. has a 52 week low of $44.03 and a 52 week 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 posted its earnings results on Thursday, May 7th. The software maker reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.33. The company 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%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 earnings per share. As a group, analysts predict that Stamps.com Inc. will post 4.26 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of STMP. Amalgamated Bank acquired a new stake in Stamps.com in the fourth quarter worth approximately $225,000. Assenagon Asset Management S.A. acquired a new stake in Stamps.com in the second quarter worth approximately $5,114,000. BNP Paribas Arbitrage SA lifted its position in Stamps.com by 14.6% in the first quarter. BNP Paribas Arbitrage SA now owns 17,139 shares of the software maker’s stock worth $2,229,000 after purchasing an additional 2,178 shares during the period. Texas Permanent School Fund lifted its position in Stamps.com by 24.0% in the first quarter. Texas Permanent School Fund now owns 13,758 shares of the software maker’s stock worth $1,790,000 after purchasing an additional 2,663 shares during the period. Finally, Rhumbline Advisers lifted its position in Stamps.com by 4.6% in the first quarter. Rhumbline Advisers now owns 60,620 shares of the software maker’s stock worth $7,885,000 after purchasing an additional 2,679 shares during the period. 88.07% of the stock is owned by institutional investors and hedge funds.

STMP has been the subject of several research analyst reports. BidaskClub raised Stamps.com from a “hold” rating to a “buy” rating in a report on Saturday, July 11th. Craig Hallum upped their target price on Stamps.com from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Northland Securities reaffirmed a “buy” rating and set a $220.00 target price on shares of Stamps.com in a report on Thursday, May 28th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Stamps.com has a consensus rating of “Hold” and an average 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.

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

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