Insider Selling: Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells 28,501 Shares of Stock

Posted by Logan Wallace on Jul 4th, 2024

Priority Technology Holdings, Inc. (NASDAQ:PRTH – Get Free Report) insider Sean Kiewiet sold 28,501 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $5.18, for a total value of $147,635.18. Following the transaction, the insider now directly owns 1,196,320 shares of the company’s stock, valued at approximately $6,196,937.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

On Wednesday, July 3rd, Sean Kiewiet sold 1,365 shares of Priority Technology stock. The shares were sold at an average price of $5.00, for a total value of $6,825.00.
On Monday, July 1st, Sean Kiewiet sold 2,804 shares of Priority Technology stock. The shares were sold at an average price of $5.00, for a total value of $14,020.00.
On Monday, June 3rd, Sean Kiewiet sold 7,980 shares of Priority Technology stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 Trading Up 1.4 %

NASDAQ PRTH opened at $5.02 on Thursday. Priority Technology Holdings, Inc. has a one year low of $2.62 and a one year high of $5.39. The stock has a 50-day moving average of $4.05 and a 200 day moving average of $3.60.

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

Institutional Investors Weigh In On Priority Technology

Large investors have recently made changes to their positions in the company. Panagora Asset Management Inc. grew its stake in shares of Priority Technology by 22.5% during the 4th 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. PFG Investments LLC bought a new stake in shares of Priority Technology during the 1st quarter valued at about $37,000. Vanguard Group Inc. grew its stake in shares of Priority Technology by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock valued at $2,494,000 after purchasing an additional 156,044 shares during the period. Virtu Financial LLC bought a new stake in shares of Priority Technology during the 1st quarter valued at about $50,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Priority Technology during the 1st quarter valued at about $164,000. 11.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

View Our Latest Analysis on Priority Technology

About Priority Technology

(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.