In a recent transaction, Barbara Baggio, the spouse of the CEO of Voip-pal.com Inc (OTCMKTS:VPLM), sold a significant number of shares in the company. The sales, which took place over several days, amounted to a total of over $11,000, with individual share prices ranging between $0.0151 and $0.0163.
The transactions were executed on March 25 and 28, with Baggio selling shares in varying quantities. On the first day, she sold 249,304 shares at $0.0163 each, followed by a sale of 200,000 shares at $0.0162 each, and another 696 shares at $0.0163 each. On March 27, Baggio sold 20,300 shares at $0.0155 per share. The selling continued on March 28 with 199,132 shares going for $0.0151 each and an additional 30,568 shares sold at $0.0155 each.
Following these transactions, Barbara Baggio still holds a substantial number of shares in Voip-pal.com Inc, totaling 91,915,109 shares. The company, which is in the telephone and telegraph apparatus manufacturing sector, is incorporated in Nevada and has its fiscal year end on September 30.
Investors often keep a close eye on insider transactions as they can provide valuable insights into the company's performance and insider perspectives. The sale of shares by a significant stakeholder such as the spouse of a CEO can be noteworthy to current and potential shareholders.
Voip-pal.com Inc has not provided any comments on these transactions at the time of reporting.
InvestingPro Insights
Amidst the insider trading activity at Voip-pal.com Inc (OTCMKTS:VPLM), investors observing the company's financial health will find the latest data from InvestingPro revealing. The company holds a market capitalization of 47 million USD, which provides a sense of its size in the telephone and telegraph apparatus manufacturing sector. Notably, the company's Price / Book ratio, as of the last twelve months ending Q1 2024, stands at a high 22.32. This suggests that the market values the company significantly higher than its net asset value, which can be a point of analysis for value-oriented investors.
Furthermore, Voip-pal.com Inc's financial performance over the past year has shown signs of strain. The company has not been profitable, with an adjusted P/E ratio of -1.99. This negative P/E ratio indicates that the company had a net loss in earnings, which aligns with the InvestingPro Tip that Voip-pal.com Inc has not been profitable over the last twelve months. Additionally, the company's share price has experienced a notable decline, with a 1 Year Price Total Return of -66.74%, reflecting investor sentiment and potential concerns about the company's future prospects.
For those looking to delve deeper into Voip-pal.com Inc's financial metrics and gain further insights, additional InvestingPro Tips highlight that the company holds more cash than debt on its balance sheet and that its liquid assets exceed short term obligations. These factors may offer some solace to investors concerned about the company's ability to meet its immediate financial obligations. However, it's important to note that the company suffers from weak gross profit margins, which could impact its ability to generate income from its core operations.
Investors interested in a comprehensive analysis of Voip-pal.com Inc can access more InvestingPro Tips by visiting https://www.investing.com/pro/VPLM. There are 7 additional tips available, providing a more detailed perspective on the company's financial position and market performance. To enhance your investing strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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