Priority Technology Holdings, Inc. (NASDAQ:PRTH - Get Free Report) insider Sean Kiewiet sold 6,467 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $10.10, for a total transaction of $65,316.70. Following the sale, the insider now directly owns 909,894 shares in the company, valued at $9,189,929.40. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Sean Kiewiet also recently made the following trade(s):
- On Monday, December 2nd, Sean Kiewiet sold 21,286 shares of Priority Technology stock. The shares were sold at an average price of $9.68, for a total transaction of $206,048.48.
- On Tuesday, November 26th, Sean Kiewiet sold 22,178 shares of Priority Technology stock. The stock was sold at an average price of $10.01, for a total value of $222,001.78.
- On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The stock was sold at an average price of $5.11, for a total value of $29,127.00.
- On Friday, November 1st, Sean Kiewiet sold 4,300 shares of Priority Technology stock. The shares were sold at an average price of $5.30, for a total value of $22,790.00.
- On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The shares were sold at an average price of $6.00, for a total value of $26,898.00.
- On Tuesday, October 1st, Sean Kiewiet sold 11,664 shares of Priority Technology stock. The stock was sold at an average price of $6.61, for a total value of $77,099.04.
- On Thursday, September 5th, Sean Kiewiet sold 4,954 shares of Priority Technology stock. The stock was sold at an average price of $5.41, for a total value of $26,801.14.
Priority Technology Price Performance
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Shares of NASDAQ:PRTH opened at $9.92 on Wednesday. The stock has a market cap of $765.82 million, a price-to-earnings ratio of -23.62 and a beta of 1.20. Priority Technology Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $10.44. The stock's 50 day moving average price is $7.06 and its 200 day moving average price is $5.83.
Institutional Trading of Priority Technology
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Priority Technology by 25.7% in the first quarter. Vanguard Group Inc. now owns 762,631 shares of the company's stock valued at $2,494,000 after buying an additional 156,044 shares in the last quarter. Rebalance LLC acquired a new position in Priority Technology during the third quarter valued at $4,822,000. Geode Capital Management LLC boosted its holdings in shares of Priority Technology by 5.8% during the third quarter. Geode Capital Management LLC now owns 396,335 shares of the company's stock worth $2,707,000 after purchasing an additional 21,598 shares during the period. Corsair Capital Management L.P. boosted its stake in shares of Priority Technology by 10.5% during the 3rd quarter. Corsair Capital Management L.P. now owns 105,458 shares of the company's stock valued at $720,000 after buying an additional 10,000 shares during the period. Finally, Pekin Hardy Strauss Inc. grew its stake in Priority Technology by 17.0% in the third quarter. Pekin Hardy Strauss Inc. now owns 66,675 shares of the company's stock valued at $455,000 after purchasing an additional 9,675 shares in the last quarter. Institutional investors own 11.52% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on PRTH shares. Keefe, Bruyette & Woods increased their target price on Priority Technology from $9.00 to $10.00 and gave the company a "market perform" rating in a research note on Friday, November 22nd. B. Riley upped their target price on Priority Technology from $13.00 to $16.00 and gave the company a "buy" rating in a report on Monday, November 25th. Finally, Lake Street Capital raised their target price on Priority Technology from $8.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, November 22nd.
View Our Latest Research Report on Priority Technology
About Priority Technology
(
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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.
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