Barbara Baggio, the spouse of Voip-pal.com Inc's (OTCMKTS:VPLM) CEO, has sold a notable amount of the company's stock, according to recent regulatory filings. Over a series of transactions conducted between June 3 and June 6, 2024, Baggio disposed of a total of 1,095,142 shares at prices ranging from $0.0165 to $0.0172 per share, totaling approximately $19,386.
The sales began on June 3, with 250,000 shares sold at $0.017 each. The following day, Baggio sold another 550,000 shares, half at the same price and half at a slightly lower price of $0.0165. On June 5 and 6, the transactions continued with 250,000 and 95,142 shares sold at $0.0172 per share, respectively.
Following these sales, Barbara Baggio still maintains a significant stake in the company with 86,023,259 shares remaining in her possession. These transactions were made public through a Form 4 filing with the Securities and Exchange Commission, which provides transparency into the trading activities of a company's insiders.
Voip-pal.com Inc, incorporated in Nevada and operating out of Waco, Texas, is a company that specializes in telephone and telegraph apparatus manufacturing. The recent sales by the CEO's spouse may attract the attention of investors who closely monitor insider trading activities for insights into company health and executive confidence.
InvestingPro Insights
As investors digest the news of Barbara Baggio's recent stock sales in Voip-pal.com Inc (OTCMKTS:VPLM), it's crucial to consider the company's financial health and market performance. According to InvestingPro data, Voip-pal.com Inc currently holds a market capitalization of approximately $56.6 million USD. This valuation comes amidst a challenging financial period for the company, as reflected by a negative P/E ratio of -1.89, which further dips to -2.25 when adjusted for the last twelve months as of Q2 2024.
The company's struggle with profitability is evident, with an operating income adjusted for the same period standing at a loss of $25.23 million USD. Additionally, the gross profit margin has been weak, with the gross profit for the last twelve months reported as a negligible -0.01 million USD. This aligns with one of the InvestingPro Tips indicating that the firm suffers from weak gross profit margins.
Despite the financial challenges, Voip-pal.com Inc does hold some liquidity strengths. The company's liquid assets exceed its short-term obligations, which may provide some reassurance to investors concerned about immediate financial stability. However, it's also worth noting that the company's stock price has declined significantly over the past year, with a 78.05% drop in the 1-year price total return as of the same date.
For those considering a deeper analysis, InvestingPro offers additional tips on Voip-pal.com Inc, which can be found at https://www.investing.com/pro/VPLM. Subscribers can access a comprehensive list of tips and metrics to better understand the investment potential and risks associated with the company. To gain this valuable insight, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. Currently, there are 6 more InvestingPro Tips available that could further inform investment decisions regarding Voip-pal.com Inc.
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