On August 16, 2024, Paul Paradis, Executive Director & President of Sezzle Inc (NASDAQ:SEZL), sold 3,290 shares of the company’s stock. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 179,692 shares of Sezzle Inc.
Sezzle Inc. is a payment processing company and provides a platform that facilitates payments between consumers and retailers. The company’s services enable consumers to make purchases and pay for them in installments, improving affordability and accessibility.
Over the past year, Paul Paradis has sold a total of 43,530 shares of Sezzle Inc. and made no purchases. This recent sale is part of a broader trend seen within the company. During the same period, there were 67 insider sales and no insider purchases.
Sezzle Inc. shares were trading at $122.97 on the day of the sale, giving the company a market capitalization of approximately $727.917 million. The company’s price-to-earnings ratio is 18.54, which is higher than the industry average of 14.48.
The stock’s valuation is $33.05 according to GF Value, which means that Sezzle Inc is significantly overvalued with a price to GF Value ratio of 3.72. GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor and estimates of future business performance.
This insider sale may be of interest to investors who monitor insider behavior as an indicator of the company’s future performance and valuation.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
