Yahoo Finance CEO and 10% Owner Mark Meller Sells 56,913 Shares of SilverSun Technologies Inc (SSNT)
Mark Meller, the CEO and 10% Owner of SilverSun Technologies Inc (NASDAQ:SSNT), has sold 56,913 shares of the company on March 21, 2024, according to a recent SEC filing. The transaction was executed at an average price of $13.69 per share, resulting in a total value of $779,409.97.SilverSun Technologies Inc (NASDAQ:SSNT) is a business application, technology, and consulting company focused on delivering strategies and solutions to companies in the manufacturing, distribution, and service industries. The company offers a comprehensive suite of services and technologies to support business operations, including enterprise resource planning, customer relationship management, and business intelligence solutions.Over the past year, the insider has sold a total of 80,922 shares of SilverSun Technologies Inc (NASDAQ:SSNT) and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of 12 insider sells and no insider buys over the same timeframe.
On the day of the insider's recent sale, shares of SilverSun Technologies Inc (NASDAQ:SSNT) were trading at $13.69, giving the company a market cap of $71.441 million.The stock's valuation, as indicated by the price-to-GF-Value ratio of 3.21, suggests that SilverSun Technologies Inc (NASDAQ:SSNT) is significantly overvalued when compared to the GuruFocus Value of $4.26. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
The recent insider sell by CEO and 10% Owner Mark Meller may provide investors with insight into the company's valuation and insider sentiment. However, it is important for investors to consider a range of factors, including the company's overall financial health, market conditions, and individual investment strategies, when interpreting insider transactions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
