In a recent series of transactions, Barbara Baggio, the wife of the CEO of Voip-pal.com Inc (OTCMKTS:VPLM), sold a notable amount of company stock valued at over $14,000. The sales occurred over several days, with prices ranging from $0.0128 to $0.0155 per share.
The transactions, reported on July 23 and 24, included sales of 196,000 and 200,000 shares at prices of $0.0155 and $0.014, respectively. On July 24, another set of sales took place, with 119,600 shares and 130,400 shares sold at the price of $0.0155 per share. The selling continued on July 25, with 250,000 shares disposed of at $0.0141 per share. The final sales reported on July 26 comprised 100,000 shares at $0.0134 and 200,000 shares at $0.0128 per share.
Following these transactions, Barbara Baggio's ownership in Voip-pal.com Inc has been adjusted to a total of 78,236,736 shares. The company, which is classified under the Telephone & Telegraph Apparatus industry, has its shares traded on the OTCMKTS under the ticker symbol VPLM.
These filings provide current and potential investors with insight into the trading activities of company insiders. The sale of shares by an executive's spouse is often closely watched by the market as it may reflect their perspective on the company's current valuation and future prospects.
Voip-pal.com Inc, incorporated in Nevada and with a business address in Waco, Texas, operates within the telecommunications sector, specializing in Voice over Internet Protocol (VoIP) technology.
Investors typically monitor such sales to gauge insider confidence in the company's performance and direction. The disclosed transactions are part of the public record, providing transparency into the actions of company insiders.
InvestingPro Insights
As Voip-pal.com Inc (OTCMKTS:VPLM) experiences insider trading activity, investors are keen to understand the financial health and market sentiment surrounding the company. With a market capitalization of approximately $47.15 million, VPLM is navigating through challenging financial waters, as indicated by a negative P/E ratio of -1.89 for the last twelve months as of Q2 2024. This metric suggests that the company is not currently profitable, a detail corroborated by an InvestingPro Tip highlighting that Voip-pal.com Inc has not been profitable over the same period.
Moreover, the stock's price volatility is high, which could be a contributing factor to the sales conducted by Barbara Baggio. This is consistent with another InvestingPro Tip pointing out that the stock generally trades with high price volatility. The company's Price / Book ratio stands at a lofty 24.69, which could indicate that the stock is trading at a premium compared to its book value, possibly reflecting investor speculation about the company's future growth or technology valuation.
When considering the liquidity position of Voip-pal.com Inc, it's noteworthy that the company holds more cash than debt on its balance sheet and that its liquid assets exceed short-term obligations. These aspects could provide some reassurance to investors regarding the company's ability to meet its immediate financial obligations, despite its lack of profitability and the significant sell-off by an insider's spouse.
For those interested in a deeper dive into Voip-pal.com Inc's financials and market performance, InvestingPro offers additional insights and metrics. There are currently 8 additional InvestingPro Tips available for VPLM at https://www.investing.com/pro/VPLM. To access these insights and enhance your investment strategy, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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