In a series of transactions dated from July 15 to July 18, Barbara Baggio, the wife of the CEO of Voip-pal.com Inc (OTCMKTS:VPLM), sold a significant number of shares in the company. The sales were executed at varying prices, ranging from $0.0158 to $0.0176 per share, amounting to a total of $16,581.
On July 15, Baggio sold 250,000 shares at $0.0165 each. The following day, another 250,000 shares were sold at $0.017 per share. Sales continued on July 17, with two separate transactions: 130,087 shares were sold at $0.0176 each, and 119,913 shares at $0.0164 each. The series of sales concluded on July 18, with an additional 250,000 shares sold at $0.0158 per share.
After the transactions, Barbara Baggio's ownership in Voip-pal.com Inc stands at 79,256,336 shares. These sales were reported in a Form 4 filing with the Securities and Exchange Commission, which documents insider trades of a company's stock.
Voip-pal.com Inc, a company specializing in telephone and telegraph apparatus, is incorporated in Nevada and has its business address in Waco, Texas. The transactions by Baggio represent a notable change in her stake in the company, providing investors with insight into insider activity within Voip-pal.com Inc.
InvestingPro Insights
Recent insider trading activity at Voip-pal.com Inc (OTCMKTS:VPLM) has caught the attention of market watchers. Barbara Baggio's sale of VPLM shares may raise questions for potential investors, especially when considering the company's financial health and market performance. According to InvestingPro metrics, Voip-pal.com Inc has a market capitalization of $45.39 million and has been trading at a negative P/E ratio of -1.48, reflecting challenges in profitability.
InvestingPro Tips suggest that Voip-pal.com Inc holds more cash than debt, providing some financial stability, and its liquid assets exceed short-term obligations, indicating the company's ability to cover its immediate liabilities. However, the company's stock has experienced significant volatility, with a one-week price total return of -20.1% and a one-year price total return of -62.5%, underlining the importance of cautious investment consideration. Moreover, the stock does not pay a dividend, which may influence the investment strategy of income-focused shareholders.
For investors seeking a deeper dive into Voip-pal.com Inc's financials and market prospects, InvestingPro offers additional insights. There are 6 more InvestingPro Tips available, which can be accessed by visiting https://www.investing.com/pro/VPLM. For those interested in a comprehensive analysis, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, which includes these valuable tips and more.
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