In a recent transaction, Barbara Baggio, the spouse of Voip-Pal.com Inc's CEO, sold a significant number of shares in the company. The sales, which occurred on April 22 and 23, 2024, totaled $6,696 worth of common stock, with individual share prices ranging between $0.0132 and $0.0135.
On the first day, Mrs. Baggio sold 250,000 shares at a price of $0.0135 per share. The following day, she completed two separate transactions: the first for 130,000 shares at $0.0132 each, and the second for 118,890 shares at $0.0135 per share. After these transactions, Mrs. Baggio's ownership in Voip-Pal.com Inc, which trades on the stock market under the ticker OTCMKTS:VPLM, stood at 88,180,775 shares.
These sales are part of a routine disclosure by insiders of the company, providing transparency to investors and the market. The transactions were reported to the Securities and Exchange Commission and made public in a Form 4 filing on April 29, 2024.
Voip-Pal.com Inc, incorporated in Nevada, operates in the telecommunications sector, specifically in the manufacturing of telephone and telegraph apparatus. The company's business address is located in Waco, Texas.
Investors often monitor insider transactions as they can provide insights into the executives' perspective on the company's current valuation and future prospects. However, it is important to note that such transactions can be influenced by a variety of factors personal to the insiders and may not necessarily reflect their outlook on the company's performance.
InvestingPro Insights
Voip-Pal.com Inc (OTCMKTS:VPLM) has recently seen insider activity that could signal varying interpretations for investors. To provide a deeper understanding of the company's financial health and market performance, let's consider some key metrics and insights from InvestingPro.
InvestingPro Data shows that Voip-Pal.com Inc has a market capitalization of approximately $43.65 million USD. Despite this, the company's performance indicators reflect some challenges, with a negative P/E ratio for the last twelve months as of Q1 2024 at -1.78. This suggests that the company is not currently profitable. Additionally, the Price / Book ratio stands at a high 19.92, which may raise questions regarding the company's valuation compared to its net assets.
An InvestingPro Tip highlights that the company holds more cash than debt on its balance sheet, which is a positive sign of liquidity and financial stability. However, it's also noted that the stock has fared poorly over the last month, with a price total return of -15.69%. This recent performance could be a factor influencing insider transactions, such as those conducted by Barbara Baggio.
For investors seeking a comprehensive analysis, there are additional InvestingPro Tips available that delve into aspects like the company's gross profit margins and its ability to cover short-term obligations. Specifically, Voip-Pal.com Inc suffers from weak gross profit margins and has not been profitable over the last twelve months, which could be crucial factors when assessing the company's overall financial health.
For those interested in exploring these insights further, InvestingPro offers more tips on Voip-Pal.com Inc at https://www.investing.com/pro/VPLM. And for a limited time, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing your investment research with a suite of professional tools and data.
It's worth noting that there are 9 additional InvestingPro Tips for Voip-Pal.com Inc that can provide investors with a more nuanced view of the company's performance and potential investment opportunities.
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