Vonage Holdings Corp. (VG) CFO Sells $718,666.44 in Stock
Vonage Holdings Corp. (NYSE:VG) CFO David T. Pearson sold 52,999 shares of Vonage stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $13.56, for a total transaction of $718,666.44. Following the completion of the transaction, the chief financial officer now directly owns 255,009 shares in the company, valued at $3,457,922.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of VG opened at $13.59 on Monday. The firm has a market cap of $3.25 billion, a PE ratio of 48.54, a P/E/G ratio of 7.23 and a beta of -0.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.69 and a current ratio of 0.70. Vonage Holdings Corp. has a 1-year low of $7.85 and a 1-year high of $14.73.
Vonage (NYSE:VG) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $260.00 million for the quarter, compared to analyst estimates of $254.95 million. Vonage had a negative net margin of 1.14% and a positive return on equity of 16.92%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. sell-side analysts anticipate that Vonage Holdings Corp. will post 0.37 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System grew its holdings in shares of Vonage by 2.6% during the second quarter. New York State Teachers Retirement System now owns 156,947 shares of the technology company’s stock valued at $2,023,000 after buying an additional 3,974 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Vonage by 9.8% during the second quarter. Marshall Wace LLP now owns 45,220 shares of the technology company’s stock valued at $583,000 after buying an additional 4,032 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Vonage by 7.4% during the second quarter. OppenheimerFunds Inc. now owns 62,648 shares of the technology company’s stock valued at $808,000 after buying an additional 4,302 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Vonage by 5.6% during the second quarter. D.A. Davidson & CO. now owns 82,182 shares of the technology company’s stock valued at $1,059,000 after buying an additional 4,377 shares during the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Vonage by 11.3% during the first quarter. Aperio Group LLC now owns 44,104 shares of the technology company’s stock valued at $470,000 after buying an additional 4,488 shares during the last quarter. 84.93% of the stock is currently owned by hedge funds and other institutional investors.
Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Business Cloud and Vonage Enterprise services.
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