Voip-pal.com Inc (OTC:VPLM) director Dennis Chang has sold a significant portion of his holdings in the company, according to recent filings. Over a span of five days, Chang disposed of 500,000 shares, with transactions totaling approximately $10,570. The sales took place at prices ranging from $0.0179 to $0.025 per share, indicating a varied return on the different days of sale.
The sequence of sales began on July 8, 2024, with 100,000 shares sold at $0.0179 each. This trend of selling continued daily, with share prices for subsequent transactions seeing a slight increase. On July 9, the shares were sold at $0.025 each, followed by sales at $0.0249 on July 10, $0.0199 on July 11, and finally, $0.018 on July 12.
After the sales, Chang's ownership in Voip-pal.com has been reduced to 5,617,625 shares of common stock. The transactions have been publicly disclosed as required by the Securities and Exchange Commission for directors and officers of publicly-traded companies.
Voip-pal.com Inc, which operates in the telecommunications sector, has not made any official statement regarding the director's reduction in stake. Shareholders often look to such transactions for insights into the perspectives of a company's insiders, although these sales do not necessarily indicate a change in company fundamentals.
The filings also revealed holdings in derivative securities, specifically warrants, but these were not part of the reported transactions. As of the reporting period, Chang holds a total of 35,000,000 warrants as indicated in the footnotes of the filing.
Investors and potential shareholders of Voip-pal.com Inc may consider these transactions as part of their overall assessment of the company's stock performance and insider confidence.
InvestingPro Insights
Amid the recent insider transactions at Voip-pal.com Inc (OTC:VPLM), investors are keen to understand the company's financial health and market position. InvestingPro data shows a market capitalization of $63.17 million, reflecting the company's current valuation in the market. Notably, Voip-pal.com's Price / Book ratio stands at a high 32.66 as of the last twelve months up to Q2 2024, which could suggest a premium valuation compared to its book value.
However, the company's financial performance reveals challenges, with a negative P/E ratio of -2.49 for the same period, indicating that the company has not been profitable. This aligns with the InvestingPro Tip that Voip-pal.com has not been profitable over the last twelve months. Additionally, the company's gross profit margin is reported at a negligible -0.01 million USD, corroborating the InvestingPro Tip about the company's weak gross profit margins.
Despite the recent insider selling, Voip-pal.com's stock has seen a strong return over the last three months, with a 23.33% price total return. This suggests some market optimism or recovery in the short term, despite the longer-term price decline over the past year, which saw the price total return drop by -55.65%. Investors considering Voip-pal.com Inc's stock should weigh these performance metrics and insider transactions carefully.
For those seeking more in-depth analysis, additional InvestingPro Tips are available to provide further guidance on Voip-pal.com Inc's financials and market performance. Interested readers can take advantage of the exclusive offer by using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, unlocking valuable insights that could shape investment decisions.
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