Vonage Holdings Corp. (VG) Director Jeffrey A. Citron Sells 233,332 Shares of Stock
Vonage Holdings Corp. (NYSE:VG) Director Jeffrey A. Citron sold 233,332 shares of Vonage stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $13.67, for a total transaction of $3,189,648.44. Following the transaction, the director now directly owns 9,053,862 shares of the company’s stock, valued at approximately $123,766,293.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE:VG opened at $13.45 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 39.94, a P/E/G ratio of 7.48 and a beta of -0.06. Vonage Holdings Corp. has a 12 month low of $7.85 and a 12 month high of $14.73.
Vonage (NYSE:VG) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $260.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $0.07 earnings per share. As a group, research analysts anticipate that Vonage Holdings Corp. will post 0.36 EPS for the current year.
A number of large investors have recently bought and sold shares of VG. BlackRock Inc. grew its holdings in Vonage by 13.3% in the second quarter. BlackRock Inc. now owns 30,970,520 shares of the technology company’s stock worth $399,210,000 after purchasing an additional 3,641,447 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Vonage by 238.6% during the second quarter. Glenmede Trust Co. NA now owns 3,950,418 shares of the technology company’s stock valued at $50,920,000 after buying an additional 2,783,664 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Vonage by 12.2% during the second quarter. First Trust Advisors LP now owns 8,924,929 shares of the technology company’s stock valued at $115,042,000 after buying an additional 972,857 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Vonage by 147.6% during the second quarter. Renaissance Technologies LLC now owns 1,153,600 shares of the technology company’s stock valued at $14,870,000 after buying an additional 687,600 shares during the last quarter. Finally, Federated Investors Inc. PA grew its holdings in shares of Vonage by 32.1% during the second quarter. Federated Investors Inc. PA now owns 2,086,935 shares of the technology company’s stock valued at $26,901,000 after buying an additional 507,649 shares during the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.
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.
Further Reading: Book Value Per Share – BVPS
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