Mark Newcomer, CEO and 10% Owner of PaySign Inc (PAYS, Financial), executed a sale of 50,000 shares of the company on September 24, 2024. The transaction was filed on the same day with the SEC. Following this transaction, the insider now directly owns 9,436,886 shares in the company.
PaySign Inc specializes in providing prepaid card programs and processing services for corporate, consumer, and government applications. The company's solutions are tailored to assist organizations in areas such as payroll, expense management, and rewards among others.
Over the past year, Mark Newcomer has sold a total of 181,593 shares and has not made any purchases. The insider transaction history for PaySign Inc shows a total of 15 insider buys and 12 insider sells over the past year.
On the day of the recent transaction, shares of PaySign Inc were trading at $4.18, giving the company a market cap of $223.181 million. The price-earnings ratio of the stock stands at 30.00, which is above the industry median of 26.61.
The stock's GF Value is estimated at $3.68, indicating a price-to-GF-Value ratio of 1.14. This suggests that PaySign Inc is modestly overvalued based on its GF Value.
The GF Value is calculated considering historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider could be of interest to current and potential investors, providing insight into how insiders are positioning themselves with respect to their holdings in PaySign Inc.
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.
