On February 9, 2024, Beatrice Ordonez, the Chief Financial Officer of Payoneer Global Inc (PAYO, Financial), executed a sale of 91,458 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Payoneer Global Inc is a financial services company that provides online money transfer and digital payment services. The company enables businesses, professionals, and consumers to connect with each other globally and facilitates seamless cross-border payments. Operating in a multitude of currencies across numerous countries, Payoneer aims to empower businesses and professionals with convenient, fast, and secure payment solutions.
Over the past year, the insider has sold a total of 95,000 shares and has not made any purchases. This latest sale represents a significant portion of the insider's transactions within this period.
The insider transaction history for Payoneer Global Inc indicates a pattern of more sales than purchases among insiders. In the past year, there have been no insider buys but a total of 25 insider sells.
On the date of the insider's recent sale, shares of Payoneer Global Inc were trading at $5 each, giving the company a market capitalization of $1.863 billion. The price-earnings ratio of the stock stands at 36.79, which is above the industry median of 26.6 but below the company's historical median price-earnings ratio.
Investors often monitor insider transactions as they can provide insights into the company's performance and insiders' perspectives on the stock's value. However, it is important to consider a wide range of factors when evaluating the implications of insider trading activity.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
