In a recent series of transactions, Barbara Baggio, associated with Voip-pal.com Inc (OTCMKTS:VPLM) as the wife of the CEO, has sold a notable amount of company stock. The sales, which took place between July 29 and July 31, resulted in a total of over $9,000.
Baggio disposed of 250,000 shares on July 29 at a price of $0.0123 per share. The following day, she made two separate sales: one of 29,282 shares at $0.0131 per share and another of 220,718 shares at $0.0134 per share. On July 31, an additional 250,000 shares were sold at the price of $0.0134 each.
The transactions spanned a price range from $0.0123 to $0.0134 per share, reflecting the market's valuation of Voip-pal.com Inc stock during the period of these sales. Following these transactions, Baggio's ownership in the company stands at 77,486,736 shares.
Voip-pal.com Inc, which operates in the telecommunications sector, is incorporated in Nevada and has its business address in Waco, Texas. The company specializes in telephone and telegraph apparatus manufacturing.
Investors often monitor insider transactions as they may provide insights into the executive's view of the company's current valuation and its future prospects. However, it's important to note that there can be various reasons for an insider to sell stock, and such transactions do not necessarily indicate a lack of confidence in the company.
Barbara Baggio's recent stock sales are publicly documented and can be found in the latest SEC filings, which provide transparency into the trading activities of company insiders.
InvestingPro Insights
Recent insider activity at Voip-pal.com Inc (OTCMKTS:VPLM) reflects a series of stock sales by Barbara Baggio, which may draw investor attention to the company's current financial health and market performance. To provide additional context to these transactions, InvestingPro data and tips offer key insights into the company's financial metrics and stock behavior.
InvestingPro data indicates that Voip-pal.com Inc holds a market capitalization of approximately $47.27 million. Despite the company's significant valuation, it is currently not profitable, with a negative P/E ratio of -1.49. Additionally, the company's stock has experienced high price volatility, as noted by an InvestingPro Tip, which may have contributed to the range of share prices seen in Baggio's transactions. The price volatility is further echoed by a 1-month price total return of -23.61%, underscoring the recent downward trend in the stock's performance.
Furthermore, another InvestingPro Tip highlights that Voip-pal.com Inc holds more cash than debt on its balance sheet, which could be a sign of financial stability in terms of liquidity. The company's liquid assets also exceed its short-term obligations, indicating that it may have a solid footing to meet immediate financial liabilities.
However, investors should be aware that the company's stock has fared poorly over the last month and has fallen significantly over the last year, with a 1-year price total return of -63.95%. The company does not pay a dividend to shareholders, which might be a consideration for income-focused investors.
For those looking to delve deeper into Voip-pal.com Inc's financials and stock performance, InvestingPro offers additional tips. There are currently 5 more InvestingPro Tips available that could provide further guidance for investors considering this stock. These tips can be accessed through the specialized InvestingPro platform, which includes a comprehensive analysis of Voip-pal.com Inc's financials and market behavior.
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