Barbara Baggio, the spouse of Voip-pal.com Inc's (OTC:VPLM) CEO, has recently sold a significant number of shares in the company. On May 30 and 31, Baggio disposed of a total of 362,374 common shares at prices ranging from $0.0155 to $0.016, totaling over $5,700 in value.
The transactions were executed in two separate sales on May 30, with 162,374 shares sold at $0.0155 per share and 10,000 shares at $0.016 per share. Another sale followed on May 31, where Baggio sold an additional 190,000 shares at $0.016 per share. Following these transactions, Barbara Baggio still retains a substantial stake in Voip-pal.com Inc, with 87,168,401 shares remaining in her possession.
Voip-pal.com Inc, which operates in the telecommunications sector, is known for its involvement in telephone and telegraph apparatus manufacturing. The company is incorporated in Nevada and has its business address in Waco, Texas.
Investors often monitor insider transactions as they can provide insights into the company's financial health and the confidence level of its key stakeholders. The recent sales by the CEO's spouse could be of interest to current and potential shareholders, as they reflect movements within the company's insider ownership.
The details of these transactions were made public through a Form 4 filing with the Securities and Exchange Commission, which provides transparency on the trading activities of the company's insiders.
InvestingPro Insights
Amidst insider trading activities, Voip-pal.com Inc (OTC:VPLM) presents a mixed financial picture according to the latest data from InvestingPro. The company's market capitalization currently stands at $55.38 million, reflecting its value in the eyes of investors. Notably, Voip-pal.com Inc has maintained a cash position that surpasses its debt, indicating a level of financial stability in terms of liquidity. An InvestingPro Tip highlights that the company's liquid assets exceed its short-term obligations, which could reassure investors about the company's ability to meet its immediate financial liabilities.
However, the company's financial performance raises some concerns. Voip-pal.com Inc has been unprofitable over the last twelve months, with an adjusted P/E ratio for the last twelve months as of Q2 2024 standing at -1.98. This negative P/E ratio suggests that the company has been reporting losses, which is corroborated by an adjusted operating income of -$25.23 million for the same period. Furthermore, the company's gross profit margin has been weak, with a gross profit of -$0.01 million, as per another InvestingPro Tip.
Despite recent challenges, the stock has shown signs of recovery in the short term, with a strong return over the last month of 21.43%. This could indicate investor optimism or a potential turnaround, although the stock is still trading at a high Price / Book multiple of 25.91, which could suggest overvaluation relative to its net assets.
For investors seeking more insights, there are several additional InvestingPro Tips available for Voip-pal.com Inc, which can be found at https://www.investing.com/pro/VPLM. These tips could provide further guidance on the company's prospects and performance. Additionally, users can take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more valuable investment information.
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