On October 1, 2024, Sean Kiewiet, the Chief Strategy Officer of Priority Technology Holdings Inc (PRTH, Financial), executed a sale of 11,664 shares of the company. Following this transaction, the insider now owns 1,073,494 shares of Priority Technology Holdings Inc. The sale was documented in a recent SEC Filing.
Priority Technology Holdings Inc operates as a provider of merchant acquiring and commercial payment solutions. The company offers a platform for merchants to facilitate payment processing and also provides related services to support their businesses.
Over the past year, Sean Kiewiet has sold a total of 338,359 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed over the past year, where Priority Technology Holdings Inc has experienced 29 insider sells and only 2 insider buys.
Shares of Priority Technology Holdings Inc were trading at $6.61 on the day of the transaction, giving the company a market cap of approximately $464.834 million. According to the GF Value, the intrinsic value estimate for the stock is $5.52, which suggests that the stock is modestly overvalued with a price-to-GF-Value ratio of 1.2.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from analysts.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of the company's future prospects and current valuation.
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.
