Sean Kiewiet, Chief Strategy Officer at Priority Technology Holdings Inc (NASDAQ:PRTH), sold 59,727 shares of the company on May 24, 2024. The transaction was filed the same day with the SEC. Following this sale, the insider now owns 1,241,853 shares of Priority Technology Holdings Inc.
Priority Technology Holdings Inc operates as a provider of merchant acquiring and merchant payment solutions. The company provides a platform for merchants, banks and distribution partners to grow their businesses through payment processing.
Last year, Sean Kiewiet sold a total of 263,951 shares and did not purchase any shares in the company. Priority Technology Holdings Inc’s insider transaction history shows a trend with 1 insider purchases and 22 insider sales in the last year.
On the day of the last transaction, Priority Technology Holdings Inc shares were trading at $3.83, giving the company a market value of $357.091 million. According to GF Value, the stock is considered modestly undervalued with a price/GF-Value ratio of 0.68, based on a GF Value of $5.67.
The GF Value is calculated considering historical multiples, such as price-earnings index, price-sales index, price-book index and price-free cash flow. It also includes adjustments based on past returns and growth and future business performance estimates made by analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not personalized financial advice. Our comments are based on historical data and analyst projections, using an unbiased methodology, and are not intended to serve as specific investment advice. It does not make a recommendation to purchase or dispose of any shares and does not consider individual investment objectives or financial circumstances. Our goal is to provide data-driven, long-term fundamental analysis. Please be aware that our analysis may not incorporate the latest price-sensitive company announcements or qualitative information. GuruFocus does not hold any position in the stocks mentioned here.
This article first appeared on GuruFocus.
