In a series of transactions this past week, Barbara Baggio, the spouse of the CEO of Voip-pal.com Inc (OTCMKTS:VPLM), sold a considerable amount of the company's common stock, totaling over $20,000. The sales occurred at prices ranging from $0.0141 to $0.0154 per share.
The transactions took place from April 1 to April 5, 2024, with varying amounts of shares sold each day. The largest single sale was on April 1, where 300,000 shares were sold at $0.0154 per share. Other significant sales included 250,000 shares at $0.0148 and 248,356 shares at $0.0141.
Following the series of sales, Baggio still holds a substantial number of shares in Voip-pal.com Inc, with the post-transaction amounts indicating ownership of 90,540,022 shares.
Voip-pal.com Inc, which is in the telephone and telegraph apparatus manufacturing sector, has seen its share of market fluctuations. The transactions by the executive's spouse have been made public through the latest SEC filings, providing transparency to investors and the market.
Investors often monitor insider transactions as they can provide insights into the executive's view of the company's stock value and future performance. While the reasons behind Baggio's decision to sell are not disclosed, the disclosed transactions offer a glimpse into the trading activities of company insiders.
Shareholders and potential investors in Voip-pal.com Inc can refer to the official SEC filings for detailed information about the transactions.
InvestingPro Insights
As Voip-pal.com Inc (OTCMKTS:VPLM) experiences insider trading activity, it's important to consider the company's financial health and market performance. According to InvestingPro data, Voip-pal.com Inc holds a market capitalization of approximately $45.32 million. The company's Price / Book ratio, as of the last twelve months leading up to Q1 2024, stands at a high 21.35, potentially indicating a premium compared to the book value of its assets.
InvestingPro Tips suggest that while Voip-pal.com Inc maintains a strong liquidity position with more cash than debt on its balance sheet and liquid assets exceeding short-term obligations, it faces challenges with profitability. The company has not been profitable over the last twelve months, and its gross profit margins are weak. Additionally, the stock price has experienced a significant decline over the past year, with a 53.33% drop in the one-year price total return as of the latest available data.
For investors considering Voip-pal.com Inc's future prospects, these financial metrics and InvestingPro Tips provide a broader context beyond the recent insider sales. For those seeking further analysis and more InvestingPro Tips, additional insights are available on the InvestingPro platform. With the exclusive coupon code PRONEWS24, readers can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Voip-pal.com Inc has a total of 7 InvestingPro Tips listed, offering a comprehensive overview for informed investment decisions.
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