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Mark Mellor, CEO of SilverSun Technologies, Inc. (NASDAQ:SSNT), recently sold a total of 15,876 shares of the company's stock for a total value of over $209,358. The sale occurred on March 22, 2024, at an average price of $13.1871 per share.
Investors who follow SilverSun Technologies may be interested to know that these stocks were sold in multiple transactions, with prices ranging from $13.125 to $13.245 per share. Following this sale, Mellor's direct ownership in the company decreased, but he still held a significant amount of 309,736 shares.
Mr. Mellor's stock transactions are frequently noted by market participants to gauge management sentiment regarding the company's future prospects, as he is a key manager and well known within the company.
Details of the transaction, including the specific number of shares to be sold at each price within a specified range, are available upon request from the issuer, issuer's security holders, or officials of the Securities and Exchange Commission, as provided in the footnotes. You can get it here. In an SEC filing.
SilverSun Technologies is based in East Hanover, New Jersey and operates in the technology sector, specializing in computer processing and data preparation services. The Delaware-based company, which is publicly traded and formerly known as Trey Resources Inc. and Trey Industries Inc., has undergone several name changes throughout its history.
The sale by CEO Mark Mellor is a notable transaction for Silversun Technologies, and investors will seek to understand the context and impact of this insider activity as part of a broader analysis of the company's stock performance and future prospects. Maybe.
Investment Pro Insights
Considering recent insider trading by Mark Meller, CEO of SilverSun Technologies, Inc. (NASDAQ:SSNT), investors may find additional context through key metrics and insights from InvestingPro. Below is a snapshot of the company's financial health and stock price performance.
- The company's market capitalization is $69.61 million, indicating the company's size in the technology sector and broader market.
- SilverSun Technologies has experienced significant revenue growth of 21.19% over the past 12 months as of Q4 2023, demonstrating its ability to scale its business operations.
- Despite not paying a dividend, the stock has a strong return of 354.92% over the last year, reflecting a significant increase in shareholder value over this period.
InvestingPro Tips highlights that SilverSun Technologies has more cash than debt on its balance sheet, which could be a sign of financial stability. Additionally, the company's shares are generally volatile, which may attract investors seeking short-term trading opportunities or those with a high risk tolerance.
For those looking to learn more about SilverSun Technologies' financials and stock performance, InvestingPro offers a comprehensive list of tips. An additional 15 of his InvestingPro tips are available at this time, providing a wealth of information for investors looking to make informed decisions. To explore more of these insights, check out InvestingPro and don't forget to use our coupon code. pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions.
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