Trading Report: The SMTP Inc. (SHSP) Chairman Sold $438,816.00 in Stock

The SMTP Inc. (SHSP) Chairman Sold $438,816.00 in Stock

SMTP Inc. (NASDAQ:SHSP) Chairman Semyon Dukach sold 83,584 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $5.25, for a total transaction of $438,816.00. Following the completion of the transaction, the chairman now directly owns 2,250,533 shares of the company’s stock, valued at approximately $11,815,298.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SMTP Inc. (NASDAQ:SHSP) opened at 5.20 on Monday. The stock has a 50 day moving average of $5.27 and a 200 day moving average of $4.99. SMTP Inc. has a one year low of $2.90 and a one year high of $6.30. The firm has a market cap of $43.46 million, a price-to-earnings ratio of 12.29 and a beta of -3.09.

Separately, Zacks Investment Research lowered shares of SMTP from a “hold” rating to a “sell” rating in a report on Tuesday, November 15th.

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