Paymentus Holdings Reaches Analyst Target Price Wednesday, June 21, 7:38 AM ET, by Market News Video Staff In recent trading, shares of Paymentus Holdings Inc (PAY) have crossed above the average analyst ...
Paymentus Holdings Reaches Analyst Target Price Tuesday, August 1, 8:20 AM ET, by Market News Video Staff In recent trading, shares of Paymentus Holdings Inc (PAY) have crossed above the average analyst ...
PAY Crosses Above Average Analyst Target Monday, November 13, 6:57 AM ET, by Market News Video Staff In recent trading, shares of Paymentus Holdings Inc (PAY) have crossed above the average analyst ...
Paymentus Holdings Reaches Analyst Target Price Tuesday, January 9, 6:24 AM ET, by Market News Video Staff In recent trading, shares of Paymentus Holdings Inc (PAY) have crossed above the average analyst ...
Paymentus Holdings Reaches Analyst Target Price Wednesday, March 6, 6:59 AM ET, by Market News Video Staff In recent trading, shares of Paymentus Holdings Inc (PAY) have crossed above the average analyst ...
Bargain Hunters Take Note: Insider Cluster-Buying At PAY
By Market News Video Staff, Tuesday, June 1, 10:56 AM ET
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Paymentus Holdings Inc Class A (NYSE:PAY), 3 different insiders purchased 88,094 shares at an average price of $21.00/share, for a total of $1.85M, with the most recent purchase on May 28, 2021.
Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. So when multiple insiders all decide to make purchases around the same time, it could be a strong indication that the stock is undervalued. Below is a table summarizing the insider buys that make up this "cluster":
Purchased
Insider
Title
Shares
Price/Share
Value
05/28/2021
William Ingram
Director
47,619
$21.00
$999,999.00
05/28/2021
John C. Morrow
General Counsel and Secretary
35,714
$21.00
$749,994.00
05/28/2021
Matt Parson
Chief Financial Officer
4,761
$21.00
$99,981.00
The chart below shows the one year performance of PAY shares, versus its 200 day moving average. Note that PAY's low point in its 52 week range is $26.76 per share, with $31.81 as the 52 week high point — that compares with a last trade of $31.25, with shares currently trading up about 1.4% on the day.
This Article's Word Cloud:BargainsBelowCheaperChiefClassCounselDaysDirectorDollarsFinancialGeneralHoldingsIngramInsiderInsidersJohnJoinMattMorrowNYSENoteOfferOfficerParsonPaymentusPresumablyPricePurchasedSecretarySevenShareSharesaverageclusterdifferentinsiderinsidersmakemarketopenpointpurchasessharesharesstockstrongthattheirweekwith
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