Voip-pal.com Inc (OTCMKTS:VPLM) director Dennis Chang has sold a significant portion of his holdings in the company, according to recent filings. Over several transactions, Chang disposed of 600,000 shares, garnering over $10,000 in the process. These sales occurred between June 3 and June 7, 2024, with prices ranging from $0.0165 to $0.017 per share.
Investors tracking insider activity may note that on June 3, Chang sold 100,000 shares at $0.017 each. The following day, he sold twice that amount, 200,000 shares, at a slightly lower price of $0.0165 per share. On June 5, another 100,000 shares were sold at $0.0169, and on June 7, Chang sold an additional 200,000 shares at $0.0167 each. After these transactions, Chang's direct ownership in Voip-pal.com Inc stands at 1,090,740 shares.
In addition to these sales, the filing also disclosed holdings in derivative securities. Chang holds warrants for 20,000,000 shares and another set of warrants for 25,000,000 shares, as well as options for a total of 10,000,000 shares. These derivative securities could potentially impact the total number of shares Chang has an interest in, subject to exercise prices and expiration dates.
Voip-pal.com Inc, headquartered in Waco, Texas, operates within the telecommunications sector, specifically focusing on telephone and telegraph apparatus manufacturing. As with all insider transactions, these sales are closely watched by investors for insights into executive sentiment and potential future performance of the company's stock.
InvestingPro Insights
In light of the recent insider activity at Voip-pal.com Inc (OTCMKTS:VPLM), investors may find additional context in the company's financial data and performance metrics. According to InvestingPro, Voip-pal.com Inc holds more cash than debt on its balance sheet, which is often viewed positively as it suggests a degree of financial stability. Additionally, the company's liquid assets surpass its short-term obligations, providing further evidence of its ability to cover immediate liabilities.
In terms of valuation, Voip-pal.com Inc is trading at a high Price / Book multiple of 29.42 as of the last twelve months ending in Q2 2024. This metric indicates that the market assigns a relatively high value to the company's net assets. However, it's worth noting that the company's price has fallen significantly over the last year, with a 78.05% drop in the one-year price total return as of the same period. This substantial decrease could be a point of concern for potential investors.
It's also important to highlight that Voip-pal.com Inc has not been profitable over the last twelve months, with an operating income of -25.23M USD. Investors interested in a deeper analysis of Voip-pal.com Inc's performance and potential can explore additional InvestingPro Tips at InvestingPro. There are 6 more tips available that could provide valuable insights. For those considering a subscription, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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