In a recent series of transactions, Barbara Baggio, the wife of the CEO of Voip-pal.com Inc (OTCMKTS:VPLM), sold a significant number of shares in the company. According to the latest SEC filings, Baggio parted with a total of 870,000 shares of Voip-pal.com Inc common stock over a span of five days.
The sales took place from June 24 to June 28, with prices ranging from $0.0165 to $0.0174 per share. The total value of the shares sold by Baggio amounted to over $14,701. These transactions have adjusted Baggio's direct ownership in the company to 82,672,459 shares following the sales.
The first transaction occurred on June 24, where Baggio sold 250,000 shares at a price of $0.0172 each. On the following day, an additional 20,800 shares were sold at a slightly higher price of $0.0174. The sales continued over the next three days with 200,000 shares sold each day at gradually declining prices – $0.0169 on June 26, $0.0168 on June 27, and finally $0.0165 on June 28.
Voip-pal.com Inc, which operates within the telecommunications industry, is known for its involvement in manufacturing telephone and telegraph apparatus. The company is incorporated in Nevada with a fiscal year ending in September.
Investors and followers of Voip-pal.com Inc can track such insider transactions as they provide insights into the actions of company insiders and can sometimes indicate their confidence in the company's prospects. However, it is important to consider a broader range of factors when evaluating the potential impact of insider trades on stock performance and the overall health of the company.
InvestingPro Insights
Amid the insider trading activity at Voip-pal.com Inc (OTCMKTS:VPLM), investors may find it insightful to consider the company’s financial health and market performance as reflected in the latest data from InvestingPro. Voip-pal.com Inc, with a market capitalization of $57.58 million, shows a negative P/E ratio of -1.83, which has further declined in the last twelve months as of Q2 2024 to -2.31, underscoring the company’s lack of profitability during this period. Additionally, the company's Price / Book ratio stands at a high 30.23, suggesting a premium valuation compared to its book value.
While Voip-pal.com Inc holds more cash than debt on its balance sheet, an InvestingPro Tip highlights the company's struggle with weak gross profit margins, which is corroborated by a gross profit of -0.01 million USD in the same timeframe. Moreover, the company’s stock price has experienced significant volatility with a 1-year price total return of -66.43%, reflecting investor sentiment and market conditions over the past year.
For investors seeking a deeper analysis, there are additional InvestingPro Tips available that provide further insight into Voip-pal.com Inc’s financial status and stock performance. For instance, while the company's liquid assets exceed its short-term obligations, it has not been profitable over the last twelve months, and it does not pay a dividend to shareholders. These factors could be crucial for investors considering the implications of insider transactions on the future of Voip-pal.com Inc.
To explore these additional tips and gain a more comprehensive understanding of Voip-pal.com Inc, investors can visit InvestingPro’s dedicated page for the company. There, investors can access a total of six additional tips that could aid in making more informed investment decisions. Moreover, for those interested in a yearly or biyearly Pro and Pro+ subscription, using the coupon code PRONEWS24 will secure an additional 10% off, enhancing the value of this investment tool.
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