Insider Selling: Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells $14,020.00 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTHGet Free Report) insider Sean Kiewiet sold 2,804 shares of Priority Technology stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $5.00, for a total value of $14,020.00. Following the completion of the transaction, the insider now owns 1,193,516 shares of the company’s stock, valued at approximately $5,967,580. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sean Kiewiet also recently made the following trade(s):

  • On Wednesday, July 3rd, Sean Kiewiet sold 1,365 shares of Priority Technology stock. The stock was sold at an average price of $5.00, for a total value of $6,825.00.
  • On Friday, June 28th, Sean Kiewiet sold 28,501 shares of Priority Technology stock. The stock was sold at an average price of $5.18, for a total value of $147,635.18.
  • On Monday, June 3rd, Sean Kiewiet sold 7,980 shares of Priority Technology stock. The stock was sold at an average price of $4.59, for a total value of $36,628.20.
  • On Wednesday, May 29th, Sean Kiewiet sold 5,080 shares of Priority Technology stock. The stock was sold at an average price of $5.03, for a total value of $25,552.40.
  • On Friday, May 24th, Sean Kiewiet sold 9,852 shares of Priority Technology stock. The stock was sold at an average price of $4.51, for a total value of $44,432.52.
  • On Wednesday, May 22nd, Sean Kiewiet sold 9,875 shares of Priority Technology stock. The stock was sold at an average price of $3.45, for a total value of $34,068.75.
  • On Monday, May 20th, Sean Kiewiet sold 21,100 shares of Priority Technology stock. The stock was sold at an average price of $3.48, for a total value of $73,428.00.
  • On Thursday, May 16th, Sean Kiewiet sold 8,061 shares of Priority Technology stock. The stock was sold at an average price of $3.46, for a total value of $27,891.06.
  • On Tuesday, May 14th, Sean Kiewiet sold 6,001 shares of Priority Technology stock. The stock was sold at an average price of $3.54, for a total value of $21,243.54.
  • On Wednesday, May 1st, Sean Kiewiet sold 1,305 shares of Priority Technology stock. The stock was sold at an average price of $3.18, for a total value of $4,149.90.

Priority Technology Price Performance

Shares of Priority Technology stock opened at $5.02 on Friday. Priority Technology Holdings, Inc. has a 1-year low of $2.62 and a 1-year high of $5.39. The stock has a market cap of $401.95 million, a P/E ratio of -8.66 and a beta of 0.97. The stock’s 50 day simple moving average is $4.13 and its 200-day simple moving average is $3.62.

Priority Technology (NASDAQ:PRTHGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Priority Technology had a negative return on equity of 3.11% and a net margin of 0.57%. The firm had revenue of $205.72 million for the quarter, compared to analysts’ expectations of $209.08 million. During the same period in the prior year, the firm posted ($0.15) earnings per share.

Analysts Set New Price Targets

Separately, B. Riley boosted their target price on Priority Technology from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th.

Get Our Latest Report on PRTH

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PRTH. PFG Investments LLC acquired a new position in Priority Technology in the first quarter valued at approximately $37,000. Virtu Financial LLC acquired a new position in Priority Technology in the first quarter valued at approximately $50,000. State Board of Administration of Florida Retirement System acquired a new position in Priority Technology in the first quarter valued at approximately $91,000. Panagora Asset Management Inc. raised its position in Priority Technology by 22.5% in the fourth quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock valued at $152,000 after purchasing an additional 7,812 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Priority Technology in the first quarter valued at approximately $164,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Priority Technology Company Profile

(Get Free Report)

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.

See Also

Insider Buying and Selling by Quarter for Priority Technology (NASDAQ:PRTH)

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