Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells $1,808,317.60 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH - Get Free Report) insider Sean Kiewiet sold 170,596 shares of Priority Technology stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $10.60, for a total value of $1,808,317.60. Following the completion of the transaction, the insider now owns 711,853 shares of the company's stock, valued at approximately $7,545,641.80. This represents a 19.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sean Kiewiet also recently made the following trade(s):

• On Tuesday, December 17th, Sean Kiewiet sold 100 shares of Priority Technology stock. The shares were sold at an average price of $10.00, for a total value of $1,000.00.
• On Wednesday, December 11th, Sean Kiewiet sold 100 shares of Priority Technology stock. The shares were sold at an average price of $10.00, for a total transaction of $1,000.00.
• On Wednesday, December 4th, Sean Kiewiet sold 488 shares of Priority Technology stock. The stock was sold at an average price of $10.01, for a total transaction of $4,884.88.
• On Monday, December 2nd, Sean Kiewiet sold 21,286 shares of Priority Technology stock. The shares were sold at an average price of $9.68, for a total transaction of $206,048.48.
• On Friday, November 29th, Sean Kiewiet sold 6,467 shares of Priority Technology stock. The stock was sold at an average price of $10.10, for a total transaction of $65,316.70.
• On Tuesday, November 26th, Sean Kiewiet sold 22,178 shares of Priority Technology stock. The shares were sold at an average price of $10.01, for a total value of $222,001.78.
• On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The stock was sold at an average price of $5.11, for a total value of $29,127.00.
• On Friday, November 1st, Sean Kiewiet sold 4,300 shares of Priority Technology stock. The shares were sold at an average price of $5.30, for a total value of $22,790.00.
• On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The stock was sold at an average price of $6.00, for a total value of $26,898.00.

Priority Technology Stock Up 2.3 %

Shares of PRTH stock traded up $0.26 on Tuesday, hitting $11.75. The stock had a trading volume of 916,702 shares, compared to its average volume of 92,905. Priority Technology Holdings, Inc. has a one year low of $2.82 and a one year high of $12.44. The business has a 50 day moving average price of $8.45 and a 200 day moving average price of $6.62. The company has a market cap of $907.08 million, a PE ratio of -27.98 and a beta of 1.20.

Wall Street Analyst Weigh In

Several research analysts recently commented on PRTH shares. Lake Street Capital raised their price target on shares of Priority Technology from $8.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Keefe, Bruyette & Woods raised their target price on shares of Priority Technology from $9.00 to $10.00 and gave the stock a "market perform" rating in a research report on Friday, November 22nd. Finally, B. Riley boosted their price target on Priority Technology from $13.00 to $16.00 and gave the company a "buy" rating in a report on Monday, November 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in shares of Priority Technology during the third quarter valued at approximately $91,000. BNP Paribas Financial Markets boosted its position in Priority Technology by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company's stock valued at $109,000 after acquiring an additional 6,096 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Priority Technology during the 3rd quarter valued at $112,000. Jane Street Group LLC increased its holdings in shares of Priority Technology by 6.1% in the 3rd quarter. Jane Street Group LLC now owns 22,347 shares of the company's stock valued at $153,000 after acquiring an additional 1,293 shares during the period. Finally, Barclays PLC raised its position in shares of Priority Technology by 255.9% in the 3rd quarter. Barclays PLC now owns 26,064 shares of the company's stock worth $178,000 after acquiring an additional 18,741 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company's stock.

Priority Technology Company Profile

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.