Karl Todd Marrott, the Chief Operating Officer of TSS, Inc. (OTCMKTS:TSSI), has recently sold a significant portion of his holdings in the company. According to the latest filings, Marrott sold a total of 63,850 shares of TSS, Inc. common stock, bringing in over $286,000.
The transactions took place in two separate tranches. On August 23, Marrott sold 40,000 shares at a weighted average price of $4.4359, with individual sale prices ranging from $4.25 to $4.55. A few days later, on August 26, he sold an additional 23,850 shares at a weighted average price of $4.5783, with prices varying between $4.45 to $4.76.
Following these sales, Marrott's remaining stake in the company stands at 121,325 shares of common stock. The detailed information regarding the number of shares sold at each price point within the provided ranges is available upon request from TSS, Inc., its security holders, or the Securities and Exchange Commission staff.
These transactions were publicly disclosed in compliance with the SEC regulations, ensuring transparency in the trading activities of the company's insiders. Investors often monitor such insider trades to gain insights into the executives' perspectives on the company's current valuation and future prospects.
TSS, Inc. specializes in management consulting services and is incorporated in Delaware. The company's business address is in Round Rock, Texas.
In other recent news, Technology Support Services (TSS) reported a substantial 33% year-over-year revenue growth in their second quarter 2024 earnings call. Despite a 16% decrease in total revenue, the company's gross profit rose by 41%, attributed to a shift towards higher-margin services. TSS also reported a 345% increase in net income to $1.4 million. The company is strengthening strategic partnerships with firms like Verdas, Schneider, and Eaton (NYSE:ETN) to tackle supply chain challenges. CEO Darryll Dewan emphasized TSS's commitment to operational excellence and its strategic positioning to capitalize on the growing demand for AI and high-performance computing infrastructure. TSS is also exploring avenues for capacity expansion, expecting growth in rack integration and modular data center business. These are the recent developments for the company, as disclosed in their latest earnings call.
InvestingPro Insights
In light of the recent insider transactions by Karl Todd Marrott, TSS, Inc.'s (OTCMKTS:TSSI) Chief Operating Officer, investors might be curious about the company's current financial health and market performance. To provide a clearer picture, here are some key metrics from InvestingPro:
- The company's market capitalization stands at $109 million, indicating its size within the industry and the market's valuation of the company.
- TSS, Inc. has a P/E ratio of 54.61, which suggests that investors are willing to pay a higher price for each dollar of earnings, possibly due to expectations of future growth.
- With a Price / Book ratio of 22.25, the stock may be considered expensive relative to the company's net asset value, which could be a point of consideration for value-oriented investors.
InvestingPro Tips provide further insights:
- The stock is currently trading near its 52-week high, which could indicate strong market confidence or potential overvaluation.
- Despite concerns over gross profit margins, TSS, Inc. has experienced a significant return over the last week, month, and year, with a one-year price total return of 1315.85%.
For investors looking for a deeper dive into TSS, Inc.'s performance and valuation, InvestingPro offers additional tips. Currently, there are 20 more InvestingPro Tips available for TSS, Inc. at InvestingPro, providing a comprehensive analysis for those interested in the company's stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.