In a recent transaction, Barbara Baggio, the spouse of the CEO of Voip-pal.com Inc (OTC:VPLM), sold a notable amount of company stock, totaling approximately $16,483. The sales occurred over a series of transactions between March 18 and March 22, 2024.
The transactions were executed at varying prices, ranging from $0.0156 to $0.0164 per share. On March 18, two separate sales were made, one for 89,447 shares at $0.0164 each and another for 250,000 shares at $0.0158 each. Following these transactions, on March 19, an additional 250,000 shares were sold at a price of $0.0159 per share.
The sales continued throughout the week, with 150,000 shares sold on both March 20 and March 21 at prices of $0.0156 and $0.0158 respectively. On March 22, two more transactions took place: one for 150,000 shares at $0.0158 per share, and a smaller transaction of 696 shares at $0.0163 per share.
After these transactions, Barbara Baggio's ownership in Voip-pal.com Inc stands at 92,615,109 shares. The sales represent a divestment from her substantial holdings in the company, which is known for its involvement in the telephone and telegraph apparatus industry.
Investors often monitor insider transactions as they provide insights into the perspectives of those closest to the company's operations and future prospects. The details of these sales are public information, as insiders are required to report their transactions to the Securities and Exchange Commission.
InvestingPro Insights
In light of Barbara Baggio's recent sale of Voip-pal.com Inc stock, investors might be curious about the company's broader financial health and market performance. According to InvestingPro data, Voip-pal.com Inc currently holds a market capitalization of $46.4 million. However, the company's financials reflect some challenges, with a negative P/E ratio of -2.03 for the last twelve months as of Q1 2024, indicating that the company is not currently profitable.
Adding to the concerns, Voip-pal.com Inc's gross profit for the same period stands at -$0.0 million, and it has an operating income of -$23.3 million. The company's price has also experienced a significant drop over the past year, with a 1-year price total return of -67.97%, which might have influenced insider selling activity.
On the InvestingPro platform, there are additional insights available that could be useful for investors. Among the InvestingPro Tips, it's noted that Voip-pal.com Inc holds more cash than debt on its balance sheet and that its liquid assets exceed short-term obligations. These are positive signs of the company's ability to meet its immediate financial obligations despite the lack of profitability over the last twelve months. However, the company also suffers from weak gross profit margins and does not pay a dividend to shareholders, which could be a concern for income-focused investors.
Subscribers to InvestingPro can access a total of 8 tips that provide deeper analysis into Voip-pal.com Inc's financials and market performance. For those interested in a comprehensive investment analysis, 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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