Stamps.com Inc. (NASDAQ:STMP) insider Amine Khechfe sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $167.40, for a total transaction of $200,880.00. Following the completion of the transaction, the insider now directly owns 1,442 shares of the company’s stock, valued at approximately $241,390.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Wednesday, November 1st, Amine Khechfe sold 1,200 shares of Stamps.com stock. The stock was sold at an average price of $226.65, for a total transaction of $271,980.00.
  • On Monday, October 2nd, Amine Khechfe sold 1,200 shares of Stamps.com stock. The stock was sold at an average price of $202.90, for a total transaction of $243,480.00.

Shares of Stamps.com Inc. (STMP) traded up $1.50 during trading on Wednesday, hitting $171.25. 258,300 shares of the stock were exchanged, compared to its average volume of 462,909. Stamps.com Inc. has a 12 month low of $100.55 and a 12 month high of $233.13. The stock has a market cap of $2,967.02, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.54 and a beta of -0.06. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.27.

Stamps.com announced that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that allows the company to repurchase $90.00 million in shares. This repurchase authorization allows the software maker to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

A number of equities analysts have commented on the stock. B. Riley reissued a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a research note on Friday, December 1st. Northland Securities reissued a “buy” rating and issued a $250.00 price target on shares of Stamps.com in a research note on Wednesday, November 22nd. ValuEngine cut shares of Stamps.com from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Roth Capital boosted their price target on shares of Stamps.com from $203.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research cut shares of Stamps.com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Stamps.com currently has a consensus rating of “Buy” and an average target price of $217.71.

Institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC boosted its stake in shares of Stamps.com by 66.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 666 shares of the software maker’s stock valued at $103,000 after purchasing an additional 266 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stamps.com by 11.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 883 shares of the software maker’s stock valued at $137,000 after purchasing an additional 92 shares in the last quarter. Marble Harbor Investment Counsel LLC purchased a new stake in shares of Stamps.com in the 3rd quarter valued at $203,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Stamps.com in the 3rd quarter valued at $209,000. Finally, Victory Capital Management Inc. boosted its stake 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 in the last quarter. 98.85% of the stock is owned by institutional investors.

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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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