Silversun Technologies CEO sells shares worth over $207k By Investing.com


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SilverSun Technologies, Inc. (NASDAQ:SSNT) CEO Mark Meller has sold a total of 15,521 shares of company stock, according to a recent SEC filing. The shares were sold at an average price of $13.356, netting a total of $207,298.

The transactions took place on March 20, 2024, with the prices of the individual sales ranging from $13.1750 to $13.5450 per share. Following the sale, Meller retains ownership of 382,525 shares in the company, which specializes in computer processing and data preparation services.

Investors often monitor insider transactions as they can provide insights into the executive’s view of the company’s current valuation and future prospects. The details of the sale were disclosed in a mandatory filing with the Securities and Exchange Commission.

SilverSun Technologies has been a player in the tech industry, with its stock performance being a point of interest for investors tracking insider trading activities. CEO Mark Meller’s recent sale may draw attention as market participants analyze the potential implications of this insider transaction.

For further information on the specifics of the sale, including the exact number of shares sold at each price point within the range, the reporting person has agreed to provide full details upon request by the issuer, any security holder of the issuer, or the SEC staff.

InvestingPro Insights

As investors digest the news of SilverSun Technologies CEO Mark Meller’s stock sale, a look at some key metrics from InvestingPro provides a broader context for evaluating the company’s current financial health and market valuation. According to InvestingPro, SilverSun Technologies holds a market capitalization of $71.02 million, which can be an indicator of the company’s size and market influence. Despite the recent insider selling, the company has shown a strong return over the last year with a 379.97% increase in the 1-year price total return.

InvestingPro Tips highlight that SilverSun Technologies (NASDAQ:SSNT) has more cash than debt on its balance sheet, which may suggest a solid financial position to investors considering the company’s liquidity and potential for future investments or debt repayment. Additionally, the stock is known to trade with high price volatility, a factor that traders might leverage for short-term gains but could also mean increased risk for long-term investors.

From a valuation perspective, the company’s Price / Book ratio as of the last twelve months ending Q4 2023 stands at 9.5, indicating that the stock may be trading at a premium compared to its book value. This could be a point of consideration for investors who focus on traditional valuation metrics.

For those interested in exploring further, there are additional InvestingPro Tips available at https://www.investing.com/pro/SSNT. With the use of coupon code PRONEWS24, users can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, gaining access to a total of 14 InvestingPro Tips for SilverSun Technologies, which could provide deeper insights into the company’s financials and stock performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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