On September 23, 2024, Mark Newcomer, CEO and 10% Owner of PaySign Inc (PAYS, Financial), executed a sale of 60,500 shares of the company, according to the SEC Filing. The transaction occurred with the shares priced at $4.29 each. Following this transaction, the insider now owns 9,486,886 shares of PaySign Inc.
Over the past year, the insider has sold a total of 131,593 shares and has not made any purchases. This recent sale is part of a broader trend observed at PaySign Inc, where there have been 11 insider sells and 15 insider buys over the past year.
PaySign Inc specializes in providing prepaid card programs and processing services for corporate, consumer, and government applications. The company focuses on creating customized payment solutions that address specific needs of clients, including expense management and payroll distribution.
As of the latest transaction date, PaySign Inc has a market cap of approximately $225.307 million. The stock's price-earnings ratio stands at 30.29, which is above the industry median of 26.19. The GF Value, an intrinsic value estimate from GuruFocus, is $3.68, suggesting that the stock is modestly overvalued with a price-to-GF-Value ratio of 1.17.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation metrics in relation to its historical performance and industry standards.
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.
